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Blackstone to Acquire Hilton Hotels for $26 Billion (New York Times)
The Blackstone Group announced Tuesday that it will pay $26 billion in cash for Hilton Hotels , in one of its biggest deals this year. The buyout firm will pay $47.50 a share for the hotel chain, a 40 percent premium to its closing price Monday.
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(AFX UK Focus) 2008-07-04 12:40 Intercontinental Hotels wins Port Ghalib resort management contract (Interactive Investor)
LONDON (Thomson Financial) - Sovereign Hospitality Holdings said it has given the management contract for the Port Ghalib Resort in Marsa Alam, Egypt to InterContinental Hotels Group Plc. (IHG).
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Orient-Express Hotels declares 2.5-cent dividend (AP via Yahoo! Finance)
Luxury hotel chain operator Orient-Express Hotels Ltd. said Thursday its board declared a regular quarterly dividend of 2.5 cents.
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Azalina wants some government events at hotels (The Star)
PORT DICKSON: The Tourism Ministry will propose to the Cabinet to review a ruling to reduce government events at hotels.
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Hyatt Hotels Eyes 5 Finalists (AdWeek)
NEW YORK Hyatt Hotels has selected five finalists to compete for global brand image duties following Hyatt's split with Euro RSCG last month, the client has confirmed.
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Schools, hotels produce most jobs in 2007 (GMA News)
MANILA, Philippines - Private schools, mining and quarrying and hotels and restaurants produced the most job openings last year, amid a general slowdown in the jobs market that has persisted since 2005, a report from the Labor department said.
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Extended Stay Hotels Taps Concord Exec As COO (Business Travel News)
JULY 02, 2008 -- Extended Stay Hotels this week announced that it has hired an executive at Concord Hospitality Enterprises Co. to serve as its new chief operating officer.
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Montreal hotels could be hit by snap strike (Montreal Gazette)
Stalled contract talks have triggered strike votes to be held Thursday afternoon by unionized staff at two of Montreal’s larger hotels, the Queen Elizabeth and the Hyatt Regency, union officials said.
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Central Coast hotels not booked this 4th of July weekend (KSBY San Luis Obispo)
Pismo Beach hotels feel a slight effect from the economic downturn.
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Mary Queen of Scots’ home among Europe’s top hotels (The Herald)
A castle which was once home to Mary Queen of Scots was yesterday rated among the top 10 historic hotels in Europe by a leading travel firm. The 15th-century Borthwick Castle, near Edinburgh, took fifth place in the league table of exclusive European castle hotels, which was compiled by TripAdvisor.
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