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Travel Hotels, Restaurants and Leisure

  • TORONTO, Nov 1- A Canadian judge on Tuesday appointed a receiver to oversee the sale of a Toronto hotel-condo tower bearing the name of U.S. presidential candidate Donald Trump after the tower's developer failed to make payments on its loans. The decision brings the 65- storey Trump International Hotel& Tower, the first Trump-branded hotel in Canada, one step...

  • KUALA LUMPUR/ SINGAPORE, Nov 1- Malaysia's largest fast food operator QSR Brands has hired three banks, including Citigroup and Credit Suisse, to lead its initial public offering, two sources with direct knowledge of the matter told Reuters. It is the sole KFC franchisee in Malaysia, Singapore, Brunei and Cambodia. QSR is owned by private equity firm CVC Capital...

  • MEXICO CITY, Oct 31- Mexico's Grupo Axo, an apparel and home goods franchiser that markets brands like Tommy Hilfiger and Victoria's Secret, plans to raise about 2 billion pesos in an initial public offering, three people familiar with the matter said on Monday. The company, partially owned by restaurant operator Alsea and brokerage Evercore, announced plans...

  • NEW YORK, Oct 30- Shares of Hotel operator Hilton Worldwide Holdings Inc could increase by at least 25 percent on its planned split into three companies, Barron's reported on Sunday. Even if the hospitality industry stagnates in the United States, Virginia- based Hilton is opening hotels in profitable overseas markets, Barron's said. The following day, its share...

  • Choice Hotels CEO: Won't want to own Trump hotel

    Steve Joyce, Choice Hotels International CEO talks about the company's quarterly beat, competitive pricing and why Donald Trump's political positioning is not good in the hotel business.

  • Oct 26- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel chain, cut its full-year forecast for a key revenue measure for the third time as it struggles with weak business travel demand in a slowing global economy. The company added that increasing uncertainty in Turkey, France and Belgium due to recent attacks could temper its RevPAR growth...

  • *FTSE 100 closes 0.9 percent lower. LONDON, Oct 26- Britain's top share index hit a three-week low on Wednesday, with hotel operator Whitbread falling on a raft of negative broker comments and Antofagasta dragging down miners after a disappointing earnings update. Basic resources stocks were on the back foot, with the UK mining index down 1.4 percent, pressured by...

  • Trump brand in decline

    CNBC's Robert Frank reports on Donald Trump's personal brand and how it is being affected by his presidential run.

  • *Co cuts 2016 RevPAR growth forecast to 1.5-2 pct from 2-4 pct. Oct 26- Hilton Worldwide Holdings Inc cut its full-year forecast for a key revenue metric for the third time, underscoring weak corporate travel demand in the United States and economic and political uncertainties in Europe. The company added that Brexit and other events in Europe are likely to weigh...

  • Trump's White House bid tarnishes his brand

    The Republican nominee for president risks denting the marketing value of the Trump name.

  • *HNA agrees to buy 25 pct stake for $26.25/ shr. Oct 24- China's aviation and shipping giant HNA Group extended its push into hotels and Chinese tourism on Monday, paying $6.5 billion to buy a 25 percent stake in Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP. Their spending at home and abroad is expected to hit $72 billion this year,...

  • Oct 24- Chinese aviation and shipping conglomerate HNA Group said on Monday it would buy about 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP for $6.5 billion. HNA Group will buy the stake for $26.25 per share, representing a premium of 14.6 percent to Hilton's closing price on Friday and...

  • Hilton Garden Inn in Redding, Calif.

    HNA announced plans to acquire a 25 percent stake in Hilton Worldwide from affiliates of Blackstone, in a deal the companies valued at $6.5 billion.

  • Oct 24- Chinese aviation and shipping conglomerate HNA Group said it would buy a stake of about 25 percent in hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP for $6.5 billion. The deal comes after China's Anbang Insurance Group Co abandoned its pursuit of Hilton rival Starwood Hotels& Resorts Worldwide...

  • HNA buys 25% stake in Hilton

    Barry Sternlicht, Starwood Capital chairman & CEO, weighs in on HNA buying a 25-percent stake in Hilton from Blackstone.

  • *Security concerns hurt France, Turkey and Belgium demand. Oct 21- InterContinental Hotels saw slower growth in room rates in the third quarter as the slump in the oil industry continued to affect bookings in some U.S. states and security concerns hurt demand in France, Belgium and Turkey. Hoteliers also face rising competition from online holiday rental...

  • Pricing pressure in the hotel industry

    André Juillard, senior equity research analyst at Kepler Cheuvreux, takes a look at the current performance in the hotels market, with specific comment on Intercontinental and AccorHotels.

  • HAVANA, Oct 19- Havana's city government temporarily suspended issuing licenses for new private restaurants from September onwards while it ensured existing ones were operating legally, a senior official said on Wednesday, confirming an earlier Reuters report. The tougher line could hurt Havana's food offerings during the upcoming tourism season and is a...

  • Mövenpick has big plans in the Asian hospitality space

    Holger Jakobs, VP at Mövenpick, talks about the hospitality brand's Asian expansion and the surge in Chinese travelers.

  • Shares in the company jumped 7.6 percent to $163.62, a record intraday high. Franchisees at some other chains, including Dunkin' Donuts, saw business soften after they raised prices to help offset higher labor costs. Wall Street analysts are tempering growth expectations for restaurant companies, including McDonald's Corp and Dunkin' Brands Group Inc, due to...