Hints and tips:
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...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...
...Last week, for example, US budget hotel operator Choice made a $9.8bn public approach for rival Wyndham Hotels and Resorts after the latter broke off merger talks....
...The deal marks the end of CPI Property Group’s ownership of the resort....
...Jain has taken advantage of Berkshire’s balance sheet to turn it into the market’s reinsurer of last resort, taking on risks from other firms at a handsome price....
...Wyndham Hotels & Resorts, the company behind La Quinta and Howard Johnson, reported a one-third increase in net income, despite lower revenue....
...If there’s volatility around resort pricing, it’ll show up in hotels. And with the overall hotel index right on its pre-coronavirus pandemic trend, we aren’t terribly worried....
...Chris Wallace travelled as a guest of Hana-Maui Resort (from about $740) and the Four Seasons Resort Lanai and Four Seasons Resort Hualalai (ffrom $2,575 and $2,270)...
...New gallery spaces ranging from short-term pop-ups to permanent fixtures have followed the money and galvanised trade in resorts such as the Hamptons, Palm Beach and Aspen....
...A version of this article was first published by Nikkei Asia on March 14 2022. ©2022 Nikkei Inc. All rights reserved....
...But for Dimitris Manikis, president of Europe, Middle East and Africa for Wyndham Hotels, higher pay alone will not entice people to remain in the industry....
...Within months of his release, Prince Alwaleed sold another hospitality asset, Mövenpick Hotels & Resorts, for cash proceeds of €482m. He will remain a minority investor in Four Seasons....
...It was founded in 1912 as a vacation resort for people of colour at a time when the country was in the grip of Jim Crow laws and de facto segregation....
...Choice Hotels and Wyndham Hotels & Resorts, both of which run budget and longer-stay hotels, are trading on ratios that are twice as high....
...They extended their vacation. “In May, I decided that I was going to stay down here for a year and we were going to take over Miami....
...Then there’s the ownership of F1 itself....
...Shay Segev is quitting as chief executive of Entain, the UK gambling group, after less than seven months amid a takeover battle with MGM Resorts....
...Large hotel operators including MGM Resorts, Marriott International, Hilton, Wyndham and Hyatt all granted their senior executives restricted stock or options in late February and March....
...Bar three small villages and one funky vacation-house development a few kilometres away, Costa Palmas is pretty much the only thing going on the East Cape....
...The commission chief was later forced to recant and insisted that holidaymakers could make the most of “smart solutions to have a summer vacation” as restrictions ease....
...A push upmarket has been expected since Airbnb acquired Luxury Retreats, a Canadian vacation rental company, in 2017....
...Wyndham Hotels & Resorts said its quarterly revenue per available room jumped 8 per cent, though the company’s 2019 outlook fell short of expectations. Shares were trading about 0.4 per cent lower....
...While Club Med opened few resorts in the decade before the ownership change, Fosun has accelerated expansion....
...Born in Morocco, the married father of four moved to France as a teenager, and now holds French, Israeli and Portuguese citizenship, with houses in Geneva and the Swiss ski resort of Zermatt....
...At the end of last year, regulatory powers were devolved to municipalities, so that areas of central Lisbon and Porto need not enforce the same rules as resorts in the Algarve....
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