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Hotels Resorts and Cruise Lines

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  • MIAMI, March 11- The former chief executive of Norwegian Cruise Line Holdings Ltd sued Richard Branson's Virgin Group in federal court in Miami for $300 million on Wednesday over plans by the British billionaire to launch his own luxury cruise line. Virgin Group announced the Bain Capital- backed cruise line project last December. As CEO of the new Virgin...

  • Hotel investors battle for yield as sector heats up Sunday, 8 Mar 2015 | 5:00 AM ET

    *Report predicts $68 bln in hotel real estate deals in 2015. BERLIN, March 8- Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and' buzz'. "It's not about people loving hotels, it's about investors searching for a return on their money which...

  • BOSTON, March 5- Hotel operator Mandarin Oriental International Ltd said on Thursday that it was the victim of a cyberattack and that it found malicious software on credit card systems at "an isolated number" of hotels in the United States and Europe. The company said in a statement on its website that it was working with credit card companies, law enforcement and...

  • What Marriott hopes to achieve with new brands   Sunday, 22 Feb 2015 | 6:42 PM ET
    What Marriott hopes to achieve with new brands

    Simon Cooper, president & managing director for Asia Pacific at Marriott International, discusses how its new hotel brands like Edition and Autograph Collection fit into its growth strategy.

  • Marriott: 'Asia-Pacific is a good growth story'   Sunday, 22 Feb 2015 | 6:37 PM ET
    Marriott: 'Asia-Pacific is a good growth story'

    With robust demand mainly coming from Chinese travelers, the firm is focused on growing its pipeline in Asia, says Simon Cooper, president & managing director for Asia Pacific at Marriott International.

  • Will the Waldorf become NYC's hot new address? Thursday, 19 Feb 2015 | 11:52 PM ET

    All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.

  • Starwood founder: CEO switch addressed THIS concern Thursday, 19 Feb 2015 | 8:48 AM ET
    Barry Sternlicht

    Starwood Hotels founder Barry Sternlicht says the CEO change at the international hotel chain reflected a concern about lagging innovation.

  • *Marriott International beats estimate on higher RevPAR. Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter as a strong dollar makes it more expensive for foreigners to travel to the United States. Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton and Westin...

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter and full year as a strong dollar makes it more expensive for foreigners to travel to the United States. The company, which also owns the Conrad brand, gets about three-quarters of its revenue from the United States.

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, forecast profit below market estimates for the first quarter as well as for the full year. Hilton, which recently sold its Waldorf Astoria New York hotel to China- based Anbang Insurance Group Co for $1.95 billion, gets about three-fourth of its revenue from the United...

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, reported a better-than-expected 7 percent rise in quarterly revenue, as increased business travel in United States drove up occupancy rates. Revenue rose to $2.83 billion from $2.64 billion a year earlier. Net income attributable to shareholders rose to $158 million,...

  • Hilton revenue rises 7 pct on higher occupancy Wednesday, 18 Feb 2015 | 6:14 AM ET

    Feb 18- Hilton Worldwide Holdings Inc, the owner of Conrad and Waldorf Astoria hotel brands, reported a 7 percent rise in quarterly revenue, as increased business travel drove up occupancy at most of its properties. Net income attributable to shareholders rose to $158 million, or 16 cents per share, from $26 million, or 3 cents per share. Hilton's fourth-quarter...

  • Accor CEO: Expect ups and downs   Wednesday, 18 Feb 2015 | 4:20 AM ET
    Accor CEO: Expect ups and downs

    Accor posted record net profit for 2014, thanks to cost-cutting and restructuring. CNBC's Stephane Pedrazzi talks to CEO Sébastien Bazin.

  • Feb 17- Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen had resigned by mutual agreement, a week after the hotel operator announced the spinoff of its timeshare business. Regis and Sheraton hotel brands, named Director Adam Aron as interim CEO and said it had started looking internally and externally for a permanent CEO.

  • Starwood Hotels CEO Frits van Paasschen resigns Tuesday, 17 Feb 2015 | 7:12 AM ET

    Feb 17- Hotel operator Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen has resigned by mutual agreement. Paasschen, who took over as CEO in September 2007, will continue with as a consultant to assist in the transition, the company said. The owner of the St.

  • Profits rise at hotelier IHG on strong U.S. demand Tuesday, 17 Feb 2015 | 2:16 AM ET

    LONDON, Feb 17- InterContinental Hotels Group, one of the world's largest hoteliers, posted a 10 percent rise in 2014 profit, led by strong growth in its core North American market. The group, which owns brands such as Holiday Inn, Crowne Plaza and InterContinental, said on Tuesday underlying annual operating profit rose to $648 million at constant rates, in line...

  • Visit the London Cone! China renames UK landmarks Monday, 16 Feb 2015 | 10:05 AM ET
    London Shard

    Do you think “Garden of fashion” whenever you hear about London’s stylish Shoreditch? One community does, and has now renamed U.K.’s iconic treasures.

  • NEW YORK, Feb 11- The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels. Investment from mainland China into U.S. hotels is expected to be about $5.1 billion this year, or triple the amount over the...

  • In Splitsville? Try checking into the Divorce Hotel Wednesday, 11 Feb 2015 | 3:00 PM ET
    Gideon Putnam Resort

    Enter married, leave with a quickie divorce at a resort and spa in this New York town. The New York Post reports.

  • Feb 10- Starwood Hotels& Resorts Worldwide Inc reported an 83 percent jump in quarterly profit and said it would spin off its timeshare business to focus on its core hotels business. Regis and Sheraton brands of hotels rose 5 percent to $74.80, making them the top percentage gainer among S&P 500 constituents in premarket trading. The company's net income rose to...