Nightlife proprietor Scott Gerber, Gerber Group Principal and CEO, discusses the opening of his new rooftop bar at the Viceroy Hotel in New York City. Gerber also weighs in on spirits versus beer.» Read More
Dec 12- Shares of Hilton Worldwide Holdings Inc, the world's largest hotel operator, rose 7 percent in their New York Stock Exchange debut on Thursday. Shares opened at $21.30 after Blackstone Group LP company raised over $2.3 billion in the year's second-biggest IPO. Hilton shares priced at $20 on Wednesday night, within the expected range of $18 to $21.
*Facebook to join S&P 500. NEW YORK, Dec 12- The S&P 500 was poised to open higher Thursday after posting its biggest decline in over a month a day earlier, as the market digested mixed data that showed a rise in weekly jobless claims and stronger-than-expected retail sales for November.
*Facebook to join S&P 500. *Hilton Worldwide raises over $2.3 bln in record hotel IPO. NEW YORK, Dec 12- U.S. stock index futures dipped on Thursday, setting Wall Street up for a third day of losses, as investors awaited a batch of economic data that may provide clues on how soon the Federal Reserve will start trimming back its stimulus efforts.
Dec 11- Food services provider Aramark Holdings Corp raised $725 million from its initial public offering after its shares were priced at the low end of its planned $20 to $23 price range, an underwriter told Reuters.
Hilton Worldwide raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
*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.
Hilton said its IPO would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
*Deutsche, Goldman Sachs, BofA and Morgan Stanley lead underwriters. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
Dec 2- Food services provider Aramark Holdings Corp said it expects to price its initial public offering at between $20 and $23 per share, valuing the company at about $5.3 billion. Aramark was taken private in 2006 for $8.3 billion by chairman Joseph Neubauer and private equity investors including GS Capital Partners, JP Morgan Partners and Warburg Pincus.
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.
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.
*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.