April 15- U.S.-based casino operator Red Rock Resorts Inc plans to raise as much as $569 million in an initial public offering. The company expects the offering of 27.1 million class A shares to be priced at $18- $21 per share, it said in a regulatory filing on Friday. Red Rock said it had applied to list its shares on the Nasdaq under the symbol "RRR".
NEW YORK, April 12- A Texas- sized selloff of companies based in the Lone Star State is helping one small-cap fund manager produce outsized returns. Hodges is prospering mainly by buying Texas- based homebuilders, banks and hotel chains whose shares were caught up in the deep selloff in early 2016 triggered by fears that oil prices would dip into the $20 range.
Pierfrancesco Vago, executive chairman of MSC Cruises, discusses the plans for the company's four new LNG-powered cruise ships.
Geoffrey Yu, ultra high net worth investment strategist at UBS, comments on what MSC Cruises' decision to buy four new ships means for the economy.
CNBC's Robert Frank looks at The Venetian's invite-only top suite in Las Vegas.
PARIS, April 5- AccorHotels, Europe's largest hotel group, has bought British serviced home rental company onefinestay to strengthen its response to Airbnb and further expand its luxury portfolio. Onefinestay was launched in London in 2010 by four friends Greg Marsh, Demetrios Zoppos, Tim Davey and Evan Frank, who had raised about 200,000 euros from family and...
April 4- Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, appears to be dealing with the second breach of its credit card systems in a year, KrebsonSecurity reported on Monday. The company was investigating the claims, the blog reported. The company could not be immediately reached.
LOS ANGELES, April 3- Nine months into a minimum wage hike at some Los Angeles hotels, city leaders and other backers of the move are claiming victory, saying doomsday forecasts from hoteliers have proven unfounded. "There have not been the wholesale layoffs or cutbacks that we were told would occur," said Los Angeles City Councilman Curren Price, who co-authored...
Discussing Anbang's dropped bid for Starwood Hotels and how it could affect real estate prices with Ken Cruse, co-founder of Alpha Wave Investors and former president & CEO of Sunstone Hotel Investors.
"The most important thing for us to succeed at is the loyalty program," Marriott CEO Arne Sorenson tells CNBC.
Marriott CEO Arne Sorenson tells CNBC the hotel chain experienced "lots of cancellations" after last month's deadly Brussels terrorist attacks.
Tom Jenkins, CEO of European Tour Operators Association, talks about the impact of the Brussels terror attack on tourism to Europe.
Arnold Donald, CEO & President of Carnival Corporation, talks with CNBC's Simon Hobbs about the company's earnings beat, being the first U.S. cruises to Cuba, and its virtual reality partnership with Samsung and AT&T.
Marriott isn't likely to offer another sweetener to its bid for Starwood Hotels, an analyst said. That could clear the path for rival Anbang to step in.
The GOP argument against lifting the Cuba embargo is flawed, says Kabir Sehgal.
Starwood Hotels & Resorts became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution.
CNBC's David Faber discusses Marriott's next move after Anbang put forth a deal with Starwood is all cash but Starwood has yet to sign because it needs to give Marriott five days to respond to the offer, reports CNBC's David Faber.
Starwood, already in a deal with Marriott, receives a takeover bid by a group of investors, led by China's Anbang Insurance.
Starwood Hotels & Resorts receives a rival takeover bid, valuing the company at $76 a share in cash.
CNBC's Jim Cramer talks about China's Anbang Insurance takeover bid for Starwood Hotel.