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...Choice Hotels International has gone public with a nearly $10bn hostile bid for rival Wyndham Hotels and Resorts, after six months of takeover talks to create one of the biggest US budget hotel operators...
...AMR has long been seen as a threat to global health and development, believed to contribute to millions of deaths worldwide each year....
...H1, Bunge Q4, CVS Health Q4, Equinor Q4, Fox Corp Q2, MGM Resorts Q4, Pandora Q4, Smurfit Kappa FY, Société Générale Q4, Walt Disney Company Q1, Yum Brands Q4 Thursday Germany, Harmonised Index of Consumer...
...The development was known as Xanadu at the time. Its original developer, Mills Corp, ultimately dropped out, as did its successor Colony Capital....
...While all of the major groups have halted development of new hotels in Russia and opened up hotels to Ukrainian refugees, Ivan Loun, UHRA’s international relations officer, said this was not enough....
...Adler went ahead and published its annual report (with a disclaimer by KPMG), which revealed a net loss of €1.2bn on Saturday after writing off €1bn from its property development operations....
...Rajapaksa’s government has vowed to put an end to power cuts, signing a supply deal with state-owned Indian Oil Corp, according to Reuters....
...Private equity firm Percheron Capital has named Priya Saraswati as head of business development. She was previously director of business development at Vista Equity Partners....
...These include Ombria, a new golf development due to open in early 2022, where seven buyers out of 36 so far have been golden visa applicants, according to the resort....
...When it announced fourth-quarter results this month it reported a $203m loss, compared with a $164m loss at rival chain Marriott or a $7m loss at Wyndham....
...“Asia remains the backbone of this company and our developments in Macau and Singapore are the centre of our attention,” Rob Goldstein, chief executive of Las Vegas Sands, said on Wednesday, although he...
...But the practice has been banned by the central government, forcing local governments to resort to transfers of lower quality assets....
...Following the Disney deal, Lachlan looked at the possibility of buying out James, according to two people familiar with the developments....
...While the area is well known for its upmarket golf resorts, developments by international brands are still a rarity on the Algarve....
...Speaking to the Financial Times, Sébastien Bazin, Accor’s chief executive, said customers were mostly choosing to book hotels in coastal resort and destinations they could drive to....
...Smart reads House of cards The Sydney installation of the billionaire businessman James Packer’s Crown Resorts empire was meant to be an oasis for Asian high-rollers....
...“While my positive feelings for Japan are undiminished,” he said, “the framework around the development of an IR [integrated resort] has made our goals there unreachable.”...
...Job moves Jim Murren is stepping down as chief executive and chairman of MGM Resorts, ending his reign of more than a decade leading the hotel and casino group....
...The result will be positive for Africa’s development, says Ethiopia’s Mr Abebe, if countries are strategic and able to manage the new competition effectively....
...Taos, the ski resort in New Mexico, has tapped into the ESG trend in another way, by turning itself into a B-Corp....
...But crucially the development of water resources remained under state control....
...Since the 1960s, it has been subject to uncontrolled development. Each spring the US Army Corps of Engineers “replenishes” the beaches with tons of sand to replace what’s been washed away. Real estate?...
...The fees, says Ian Cox, the Wisely’s development director, go to maintaining “hundreds of acres of turf — the best turf conditions”....
...The PIC also in effect became lender of last resort to ailing state-owned companies. It is a large lender to Eskom, the power monopoly whose heavy debts threaten to overwhelm state finances....
...Despite mounting pressure from Washington, Iran and the other non-US signatories have not abandoned the pact, which most experts credit with blocking the country from being able to pursue the development...
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