Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan for $571.4 million to a joint venture it is setting up with China's Cindat Capital Management Ltd.. The hotels include the Holiday Inn Express Times Square, the Candlewood Suites Times Square, the Hampton Inn Chelsea and the Holiday Inn Wall Street.» Read More
A proposed Uber Travel app could soon let users automatically hail a ride as their plane hits the tarmac.
Some people wait until the last minute to book a hotel for New Year's Eve. Hotel Tonight CEO Sam Shank, discusses the availability and the deal strategy for customers.
James Hardiman, Wedbush Securities analyst, provides his outlook on cruise operators, as the sector reaches multi-year highs in 2015.
The "Fast Money" traders give their final trades of the day.
The company announces a malware on computesr used for payment processing
Dec 23- Hyatt Hotels Corp said on Wednesday that its payment processing system was infected with credit-card-stealing malware in an attack discovered three weeks ago, the latest in a series of breaches at hospitality firms. Company spokeswoman Stephanie Sheppard said in an email late on Wednesday that the attack was discovered on Nov. 30.
Dec 23- Hyatt Hotels Corp on Wednesday asked customers to review payment card statements for possible fraud after it found malicious software in its payment processing systems for hotels it manages. Hilton Worldwide Holdings Inc and Starwood Hotels& Resorts Worldwide Inc last month reported malware breaches at their payment systems.
Dec 23- Hotel operator Hyatt Hotels Corp said it had identified malware on computers that operate the payment processing systems for Hyatt-managed locations. The company, controlled by the billionaire Pritzker family, said it had launched an investigation and asked customers to review their payment card account statements. Hyatt did not disclose how many...
Charlie Osmond, co-founder and "Chief Tease" of Triptease, responds to complaints by Booking.com that Triptease's widget caused damage to their brand and reputation.
Tony Nash, chief economist at Complete Intelligence, says James Packer could have various reasons, from hiving off the accountability, diversifying the response to shareholders or even simply moving on.
Macau has made a comeback as a holiday destination as it is no longer seen as a casino hub, says Abhiram Chowdhry, Asia Pacific VP of Hotels.com.
Turismo de Portugal President, Joao Cotrim de Figueiredo, says financing has been available for Portugal’s tourism as its projects prove profitable.
Real Madrid star Cristiano Ronaldo is expanding his brand empire after announcing a more than $40 million investment into boutique hotels.
Dec 16- Some casino and hotel companies including Caesars Entertainment Corp and Hilton Worldwide Holdings Inc are expected to get a reprieve from a proposal to curb real estate investment trusts, or REITs. An earlier version of the $650 billion tax break bill detailed Wednesday included provisions that would have potentially derailed major company deals...
The battle brewing inside the upscale hotel company comes after two failed deals, one involving Yucaipa Companies billionaire Ronald Burkle and the other with Los Angeles hotelier Sam Nazarian. The request follows a letter Rambleside sent last month to the company's board, which says that it has shareholder support to have Rambleside Chief Executive...
Dec 16- Hotel operator Hilton Worldwide Holdings Inc plans to spin off its hotel properties into a REIT, a person familiar with the matter told Reuters on Wednesday. The spinoff will be tax free and the company has already received the blessing of the Internal Revenue Service, the person said. The transaction could involve a large chunk of the hotels Hilton owns,...
HILTON TO SPIN OFF HOTEL PROPERTIES INTO REIT-CNBC, CITING. Dec 16- Hotel operator Hilton Worldwide Holdings Inc will spin off its hotel properties into a REIT, CNBC tweeted, citing Dow Jones. Hilton's shares rose 6 percent in heavy volumes after the Dow Jones report, which cited sources, according to CNBC.
Saudi Arabia’s Kingdom Holdings and Accor Hotels are to carry out an asset swap. Kingdom Hotel Investments chairman and CEO, Sarmad Zok discusses.
Fosun International Ltd, the group's main investment arm, has mainly used debt to amass about $55 billion worth of assets ranging from insurance companies to French resort operator Club Med so far to build a global empire. This has left the company with a debt-to-equity ratio that stood at 2.1 as of last year, Thomson Reuters data shows, equivalent to 6 times the...
The resort chain thinks the tool could create a more productive workplace.