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Hotels Resorts and Cruise Lines

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  • Dec 19- Carnival Corp, the world's largest cruise operator, reported a higher-than-expected adjusted profit for the fourth quarter as it raised ticket prices and customers spent more onboard. The company reported a loss of $102 million, or 13 cents per share, for the quarter ended Nov. 30 compared with a profit of $66 million, or 8 cents per share, a year earlier.

  • Dec 18- Billionaire investor Carl Icahn offered to lend $20 million to help bankrupt casino operator Trump Entertainment Resorts Inc keep its Trump Taj Mahal casino in Atlantic City open.

  • Marcus tops Street 2Q forecasts Thursday, 18 Dec 2014 | 7:54 AM ET

    MILWAUKEE _ Marcus Corp. on Thursday reported profit of $5.2 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. Analysts expected $104.3 million, according to Zacks.

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • Cuba iconic cruise destination: CEO  Wednesday, 17 Dec 2014 | 9:39 AM ET

    Edie Bornstein, Crystal Cruises CEO, discusses how the cruise industry could benefit by improved relations with Cuba.

  • Nightclub company Hakkasan to buy The Light Group Tuesday, 16 Dec 2014 | 7:00 PM ET

    Hakkasan Group, whose name is affixed to a five-story nightclub and dining experience at the MGM Grand hotel-casino, is buying The Light Group and its 22 nightclubs, day clubs and restaurants. The remaining 10 percent owned by The Light Group's founders is also part of the $36 million price tag. The purchase would add another 22 nightclubs, day clubs and...

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, has agreed to buy U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the faster-growing boutique hotel sector. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings...

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, said it had agreed to acquire U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the boutique hotel space. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings enhancing...

  • Colorado resort towns worry over pot perception Monday, 15 Dec 2014 | 11:23 AM ET

    BRECKENRIDGE, Colo.— Business is booming in Colorado's mountain resorts, and the addition of recreational marijuana stores this year has attracted customers curious about legalized pot. In Breckenridge, residents voted overwhelmingly to force downtown's lone dispensary off Main Street to a less-visible location. "It's not a morality issue, or that we think...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The partnership "will leverage the strengths of Accor's global brands with a leading player in Chinese hospitality," Accor Chairman and Chief Executive...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The deal will combine the French hotel operator's brands including Ibis with more than 2,000 existing establishments run by China Lodging's Huazhu...

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • IHG agrees to sell Paris-Le Grand to Constellation Monday, 8 Dec 2014 | 2:14 AM ET

    LONDON, Dec 8- InterContinental Hotels Group, one of the world's largest hoteliers, said on Monday it had agreed to sell its Paris- Le Grand hotel for 330 million euros to Constellation Hotels. IHG said it had accepted the offer from Constellation, which was announced in August, following a period of consultation with employees. The deal is expected to complete by...

  • The SEC on Wednesday filed civil fraud charges against former Assisted Living Concepts Inc chief executive Laurie Bebo, and chief financial officer, John Buono, who devised a scheme to fraudulently inflate occupancy rates at certain facilities it ran for seniors. Their misconduct included adding Bebo's parents and husband in the company's leasing figures...

  • Get your $7 hotel room now!  Wednesday, 26 Nov 2014 | 11:53 AM ET

    Sam Shank, HotelTonight CEO, discusses the hotel deals and savings available to consumers on Black Friday.

  • BEIJING, Nov 23- Chinese property developer Dalian Wanda Group plans to build more than 150 premium hotels around the world by 2018 in an expansion of its luxury hotel business, state news agency Xinhua said on Sunday. The announcement comes as Dalian Wanda Commercial Properties, a subsidiary of Dalian Wanda Group, plans to raise up to $6 billion in a Hong Kong...

  • Vail Resorts CEO is bullish on ski season Friday, 21 Nov 2014 | 12:18 PM ET
    Skiers on a slope in Breckenridge, near Vail, Colorado.

    Snow is coming, ski conditions are "fantastic" and the outlook is bright for Vail Resorts, its CEO told CNBC Friday.

  • Nov 20- Casino operator Wynn Resorts Ltd said it was not aware of any investigation after the Wall Street Journal reported that the company is being probed by U.S. federal authorities for possible violation of money-laundering laws. The Internal Revenue Service sent a letter to Wynn's outside lawyer Donald Campbell requesting information on the company's...

  • Nov 20- Casino operator Wynn Resorts Ltd is being probed by U.S. federal authorities for possible violation of money-laundering laws, the Wall Street Journal reported. Wynn Resorts did not immediately respond to a request for comment. Other casino operators including Las Vegas Sands Corp. and Caesars Entertainment Corp. have also faced federal...