Hints and tips:
...Caesars’ initial offer to this group in 2015 was a recovery of 9 cents on the dollar, each cent representing roughly $50m....
...Apollo shares were down 3 per cent by mid-morning in New York at $14.9 per share. The company sold shares to the public at $19 per share in March last year....
...The economic climate has seen luxury hotels, badly hit in the downturn, recover faster than other parts of the lodging sector....
...On Hawaii’s big island, Westbrook Partners LLC, Farallon Capital Management LLC and Lodging Capital Partners LLC bought the 540-room Fairmont Orchid Hawaii in 2005 for $250 million....
...Last month, Och-Ziff Capital Management, the US hedge fund, agreed to sell a 9.9 per cent stake to Dubai International Capital....
...“There is a continued strong business environment for lodging,” said Arne Sorenson, chief financial officer. “We have rarely been more bullish about our outlook.”...
...Hourly wages in North America rose 4 per cent and employee health care costs increased 9 per cent....
...Although Cendant already owns Cheap Tickets and lodging.com, it has faltered in gaining market share in online travel....
International Edition