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LVMH announces that it has received all the necessary clearances from the relevant competition authorities for the acquisition of Belmond. The transaction will be closed on April 17th, 2019.LVMHLVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve C...
A historic year for the Group with record openings and signings, and strong acceleration in the lifestyle sector, mainly due to the acquisition of 14 new brands that greatly strengthened the Group’s portfolio in this segment. 2018, a record year for Accor in terms of hotel developmentWith 100,000 guestrooms opened in 2018 – including organic growth and acquisitions – the Group consolidated its presence and international le...
Six Senses becomes the newest addition to one of the world’s leading hotel companies IHG (InterContinental Hotels Group), one of the world’s leading hotel companies, has welcomed a new family member to its portfolio of brands, with the acquisition of Six Senses Hotels Resorts Spas.Six...
LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading luxury group and Belmond Ltd. (NYSE: BEL), owners, part-owners or managers of 46 luxury hotel, restaurant, train and river cruise properties, today jointly announced that they have entered into a definitive agreement for LVMH to acquire Belmond. LVMH is to acquire Belmond for $25.00 per Class A share in cash. This represents an equity value of $2.6 billion in a transaction with an enterprise value of $3.2 billion. In the twelve months ended S...
Addition of Alila, Destination, Joie de Vivre, Thompson and tommie brands expands Hyatt’s lifestyle and wellbeing offerings for high-end travelers worldwide Acquisition price revised to $405 million from $480 million; additional potential consideration revised to $96 million from $120 million Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has completed the previously announced acquisition of Two Roads Hospitality, a lifestyle hotel management company with a unique collection...
AccorHotels announces that today it filed with the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) a notification concerning the intention to launch a Tender Offer together with a tender offer circular for the acquisition in cash of the 21,800,593 shares of Orbis it does not already own today, representing 47.31% of the share capital (the “Offer”). Orbis, which is headquartered in Warsaw, Poland, is the largest hotel operator in Central & Eastern Europe and the exclusive master franchisee of certain AccorHotels brands in the region. Its portfoli...
The historic hotel marks the company’s 3rd acquisition in the United Kingdom Katara Hospitality, Qatar Investment Authority’s hotel unit, a leading global hotel owner, developer and operator, announced the expansion of its global portfolio with the acquisition of JW Marriott G...
The world’s most famous hotel located in the heart of New York City Katara Hospitality, a leading global hotel owner, developer and operator based in Qatar, announced the expansion of its global portfolio with the acquisition of The Plaza, one of New York City’s most ...
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