*Blackstone not selling shares; to retain 76.2 pct stake. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion in the biggest-ever hotel IPO, more than doubling Blackstone Group's investment. Blackstone has invested about $6.8 billion in Hilton and its 76.2 percent stake after the IPO will be worth up to $15.7 billion.» Read More
Dec 2- Hotel operator Hilton Worldwide Inc, controlled by private equity firm Blackstone Group LP, said its initial public offering would raise up to $2.37 billion, valuing the company at about $20.7 billion.
NEW YORK-- Hilton Worldwide Holdings Inc. plans to offer approximately 112.8 million shares in an initial public offering of its common stock, returning to the public markets about six years after it went private. The McLean, Va.- based company plans to use the net proceeds from the offering and available cash to repay about $1.25 billion of debt.
Dec 2- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, said it would raise as much as $2.37 billion from an initial public offering of its shares.
Hotel operator Hilton Worldwide Holdings Inc. disclosed Wednesday that once it goes public, it plans to list its shares on the New York Stock Exchange under the symbol "HLT." Its brands include Hilton Hotels& Resorts, Waldorf Astoria Hotels& Resorts, and Hampton Inn.
*Saudi Arabia encouraging family firms to list on bourse. DUBAI, Nov 26- Saudi Arabia's Al-Hokair Group, one of the largest entertainment and hospitality firms in the Middle East, is planning to list on the Riyadh bourse early next year, two banking sources said.
Nov 13- Shares of Extended Stay America Inc rose as much as 19 percent in their market debut on Wednesday, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector.
Nov 13- Shares of hotel chain Extended Stay America Inc rose as much as 15 percent in their market debut, valuing the company at about $4.6 billion. Extended Stay shares opened at $22.75 and touched a high of $22.96 on the New York Stock Exchange on Wednesday. Deutsche Bank, Goldman Sachs and J.P. Morgan were the lead underwriters for the offering.
Nov 12- Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock.
WELLINGTON, Nov 8- Tourists from China have been flooding into New Zealand and now a Shanghai- based property developer has bought an upmarket resort and plans a major upgrade to attract wealthy Chinese travellers to the South Pacific country. China is the second-biggest source of visitors to New Zealand.
Marriott and Hyatt reported stronger-than-expected profits as a rebound in U.S. business travel boosted hotel occupancy and room rates.
Oct 31- Hotel chain Extended Stay America Inc said it expects to sell 28.3 million common shares at $18- $21 each in an initial public offering, valuing the company at as much as $4.2 billion.
*Marriott earnings/share $0.52 vs est. Oct 30- Hotels chains Marriott International Inc and Hyatt Hotels Corp reported stronger-than-expected quarterly profits as a rebound in U.S. business travel boosted both hotel occupancy and room rates.
In contrast, RevPAR fell 3 percent for managed and franchise hotels in the Asia-Pacific region, hurt mainly by China. "A lack of demand in China, increased supply growth in China and tougher Olympic-related comparisons in Europe in the third quarter were mainly the culprits," FBR Capital Markets& Co analyst Nikhil Bhalla said.
Oct 30- Shares of Brixmor Property Group Inc, a shopping center company owned by Blackstone Group LP, rose as much as 4 percent in their market debut as investors were drawn to the second-largest U.S. retail real estate company offering. The New York- based company's shares were up 2.5 percent at $20.49.
Oct 30- Hyatt Hotels Corp's quarterly profit more than doubled, driven by higher occupancy and a rise in room rates across most of its properties. Net income rose to $55 million, or 35 cents per share, in the third quarter ended Sept. 30 from $23 million, or 18 cents per share, a year earlier. Revenue rose about 4 percent to $1.02 billion.
Oct 29- Brixmor Property Group Inc, a shopping center operator owned by Blackstone Group LP, priced its enlarged initial public offering at the midpoint of its expected range, raising $825 million in proceeds. It filed in September to take U.S. hotel operator Hilton Worldwide Inc public and also registered for an IPO of hotel chain Extended Stay America Inc..
Buoyed by the performance of its newest ship, Norwegian Cruise Lines outperformed in the third quarter and saw earnings grow for the twenty-first consecutive quarter. Kevin Sheehan, Norwegian Cruise Line, CEO, explains the success and how they expect to grow the brand.
*InterContinental Hotels falls on softer U.S. growth. *Assa Abloy and Aggreko rise after earnings updates.
Oct 24- Royal Caribbean Cruises Ltd reported strong bookings for 2014 as more vacationers opted for its Europe cruises, helping the world's second-largest cruise operator take market share from Carnival Corp..
Oct 24- Royal Caribbean Cruises Ltd raised its full-year earnings forecast after an improvement in ticket sales in Europe helped the cruise operator report better-than-expected quarterly results. Royal Caribbean, the second-largest cruise operator in the world, said it had higher bookings for 2014 in most markets including Europe, Asia and Alaska.