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  • Hersha sells seven Manhattan hotels for $571.4 mln Thursday, 4 Feb 2016 | 8:34 AM ET

    Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan to a joint venture it will set up with China's Cindat Capital Management Ltd for $571.4 million. The hotels include Holiday Inn Express Times Square and Holiday Inn Wall Street. Cindat will hold a 70 percent stake in the joint venture, while Hersha will have a...

  • Intrawest Resorts reports 2Q loss Wednesday, 3 Feb 2016 | 6:45 AM ET

    DENVER _ Intrawest Resorts Holdings Inc. on Wednesday reported a loss of $27.3 million in its fiscal second quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share. Intrawest Resorts shares have climbed 7 percent since the beginning of the year.

  • The Miami, Florida- based company said it expects first-quarter adjusted earnings of about 30 cents per share, missing the average analyst expectation of 46 cents, according to Thomson Reuters I/B/E/S. The operator of cruise lines such as Royal Caribbean International and Celebrity Cruises said costs related to its expansion in China and the launch of new...

  • PARIS— Cuban President Raul Castro held a series of meetings with senior French officials on Tuesday, the second day of a state visit to France aimed at boosting business ties between the two countries. His schedule in Paris on Tuesday included meetings with UNESCO chief Irina Bokova, Prime Minister Manuel Valls and Paris Mayor Anne Hidalgo.

  • Royal Caribbean revenue misses estimates Tuesday, 2 Feb 2016 | 8:35 AM ET

    Feb 2- Royal Caribbean Cruises Ltd, the world's second-largest cruise operator by revenue, reported a lower-than-expected rise in quarterly revenue, hurt by a strong dollar. Revenue rose 4.4 percent to $1.90 billion in the fourth quarter, missing the average analyst estimate of $1.96 billion, according to Thomson Reuters I/B/E/S. Net income rose to $206.8...

  • FORT LAUDERDALE, Fla.— Running concierges, a hotel mini bar stocked with produce from the local farmers market and a training wall that comes standard in every room. The luxury gym Equinox is even opening its own hotel in New York. The number of hotels with fitness facilities jumped from 63 percent in 2004 to 84 percent in 2014, according to a study by the American...

  • LOS ANGELES— Cheap gas prices are good for summer vacationers, especially those taking road trips. That's one of the reasons that Steve Joyce, CEO of Choice Hotels, is optimistic about this year. The Rockville, Maryland company has 6,300 hotels with more than 500,000 rooms under brands including Comfort Inn, Clarion, EconoLodge and Rodeway Inn.

  • PARIS— Raul Castro is coming to France for the first-ever state visit of a Cuban president to the land of wine and gastronomy, a trip that could boost French investments and promote stronger economic, cultural and tourist ties between Paris and Havana. France, to which Cuba owed $4 billion in overdue loans, led the creditors' negotiations. France hopes to see some...

  • *Fanuc falls 12 pct, hit by weak demand in China. TOKYO, Jan 29- Japanese shares slipped on Friday as investors cautiously looked to whether the Bank of Japan will step up its stimulus later in the day. Policymakers now have the difficult decision of steering into the wind and taking decisive action amid global instability, or sticking to the program and risking...

  • The Tropicana on Thursday announced a $25 million renovation that will re-do 500 hotel rooms in its Havana Tower; remake the South Tower casino area, and add a high-limit slot area just off the casino's Palm Walk. The work also will include a face lift for Jade Palace, its Asian gambling room, and it will add five new shows to the Tropicana's outdoor multimedia light...

  • Jan 26- Airlines, hotels and cruise operators serving Latin America and the Caribbean are facing growing concern among travelers who had planned to visit countries potentially affected by Zika after the World Health Organization warned the virus is likely to spread to most of the Americas. Canada and Chile are the only countries in the Americas the virus is...

  • Jan 21- Radisson hotels owner Carlson Cos Inc is exploring strategic alternatives for its hotel business, including a sale, the Wall Street Journal reported on Thursday. Carlson Rezidor Hotel Group, which has 1,370 hotels in operation and under development, includes Radisson Hotels, Park Plaza Hotels and Country Inns and Suites. Carlson Wagonlit Travel, the...

  • Jan 21- Radisson hotels owner Carlson Cos Inc is exploring strategic alternatives for its hotel business, including a sale, the Wall Street Journal reported on Thursday. Carlson Rezidor Hotel Group, which has 1,370 hotels in operation and under development, includes Radisson Hotels, Park Plaza Hotels and Country Inns and Suites. Carlson Wagonlit Travel, the...

  • Jan 21- Radisson hotels owner Carlson Cos Inc is exploring a sale, among other strategic alternatives, the Wall Street Journal reported on Thursday. A merger or a partnership are the other alternatives the company is exploring, the Journal reported, citing people familiar with the matter. Carlson was not immediately available for comment.

  • PARIS, Jan 19- The deadly attacks in Paris in November has cost French hoteliers an estimated 270 million euros in lost revenue and could continue to have an impact on hotel occupancy rates, research firm MKG Group said on Tuesday. "We estimate the revenue shortfall for the French hotel industry at 270 million euros, of which 146 million was for Paris alone,"...

  • Jan 14- Hyatt Hotels Corp said a previously reported malware attack to steal payment card data affected 250 hotels between August 13 and Dec. 8. "We do not know the number of customers affected at this time," company spokeswoman Stephanie Sheppard said in an email. Hyatt said it has notified the appropriate country and state regulators and is working with the U.S....

  • UPDATE 1-Hyatt says data breach started in August Thursday, 14 Jan 2016 | 2:57 PM ET

    Jan 14- Hyatt Hotels Corp said a previously reported malware attack on its payment processing system occurred between August 13 and Dec. 8. The company also said the "at-risk window" for a limited number of locations began on or shortly after July 30. Donald Trump's luxury hotel chain, Trump Hotel Collection, also confirmed the possibility of a data security...

  • Hyatt says data breach started in August Thursday, 14 Jan 2016 | 2:28 PM ET

    Jan 14- Hyatt Hotels Corp said a malware attack on its payment processing system occurred between August 13 and Dec. 8. The hotel operator said it identified unauthorized access to payment card data from cards used onsite at certain Hyatt-managed locations, primarily at its restaurants. The company disclosed in December that its payment processing system was...

  • NEW YORK, Jan 14- When Sophie travels to Paris, there is only one place to stay: The Castille, a five-star boutique hotel on the Rue Cambon, in the heart of the city's fashion district near the Place Vendome. Paris is hardly Sophie's only destination, though. The 10- pound pooch has jetted to Barcelona, to the Spanish resort town of San Sebastian- even to the Ritz-Carlton...

  • Nikkei rebounds, on track for first gains of 2016 Tuesday, 12 Jan 2016 | 9:44 PM ET

    TOKYO, Jan 13- Japanese stocks rebounded on Wednesday morning as the oversold market saw buying across all sectors, with sentiment helped by China's efforts to stabilize its currency, even as oil fell below $30 a barrel. "The market was massively oversold by the end of trading yesterday, so it's no surprise that we're seeing a snap back," said Nicholas Smith, a...