*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
Hilton has seen 30 percent growth since being acquired by Blackstone in 2007. CNBC's Simon Hobbs reports Blackstone will restructure Hilton's debut for a third time.
**Blackstone Group LP is exploring a sale of La Quinta Inns& Suites, a budget hotel chain it values at around $4.5 billion, a person familiar with the matter said. **The Washington Post Co said on Monday it has sold its flagship newspaper to Jeff Bezos, the founder of Amazon.com Inc for $250 million.
NEW YORK, Aug 6- Blackstone Group LP is exploring a sale of La Quinta Inns& Suites, a budget hotel chain it values at around $4.5 billion, a person familiar with the matter said on Tuesday.
LONDON, Aug 6- InterContinental Hotels Group, the world's biggest hotelier, posted a big rise in first-half profits on the back of strong demand in the United States and said it would return $350 million to shareholders via a special dividend.
*Marriott 2nd- qtr EPS $0.57 in line with analysts' estimates. Marriott cuts 2013 EPS outlook to $1.92 to $2.03 from $1.93 to $2.08. July 31- Marriott International Inc, which runs the Marriott and Ritz-Carlton hotels, cut its 2013 earnings outlook to reflect lower-than-expected conference revenue, sending its shares down 3 percent in trading after the bell.
July 31- Hyatt Hotels Corp's quarterly profit topped Wall Street estimates as increased travel in the United States allowed the company to charge more for rooms. Shares of rivals Starwood Hotels& Resorts Worldwide Inc and Marriott International Inc also rose.
July 31- Hyatt Hotels Corp's results topped Wall Street estimates in a traditionally strong second quarter, helped by an increase in both business and leisure travel in the United States.
Participants in a guests survey say that a rise of 20 cents to 30 cents in gas prices won't deter them from taking a trip, the chief of Choice Hotels told CNBC.
*Wynn Resorts reports slower Macau revenue growth on hotel renovations. HONG KONG, July 30- Gambling magnate Steve Wynn said he would open his first casino resort on Macau's prime Cotai strip earlier than expected in first-quarter 2016, sending shares in the Macau unit of his U.S. firm at least 3 percent higher despite lower quarterly earnings.
*RevPAR up 5.2 pct in North America. *Sees 2013 adj EPS $2.81- $2.88, up from $2.75- $2.83. Starwood, which also owns the Westin, W and Le Meridien brands, said occupancy at its hotels in North America in the second quarter reached 76 percent, the highest ever.
Those staying in hotels this year are happier with their visit than they have been in the past 7 years. Here are tips to make you even more satisfied.
CNBC's Simon Hobbs shares a preview of earnings out of the hotel sector; and Patrick Scholes, SunTrust Robinson Humphrey, discusses the impact of government sequestration on the industry, and why he likes Wynn Resorts and Felcor Lodging.
NEW YORK, July 18- Blackstone Group LP's Brixmor Property Group Inc, owner of neighborhood shopping centers, on Thursday filed with federal regulators for an initial public offering in what will likely be one of the largest real estate IPOs in years.
In the period after hotels open, expect deals at the new properties as well as at local competitors, says Dave Kolankarai, senior director of market management for Hotels.com, a subsidiary of Expedia Inc..
PARIS, July 5- At least one French tour operator has postponed trips to Egypt, while German and Swiss firms halted visits to Cairo as protests erupted following the military overthrow of Islamist President Mohamed Mursi.
TPG sees potential value in Seibu's businesses, which include its Prince Hotel chain in Japan, and approached Seibu management earlier this year through an intermediary, according to the sources, who asked not to be named. TPG would only make the offer if Seibu management agreed to its involvement, they added.
PARIS/ LONDON, June 26- Their birth heralded the longest phase of economic growth in living memory. A small but fast-growing class of mutual funds is buying shares in firms with most to gain from ageing populations, from drugmaker Roche and Norwegian Cruise Line to funeral operator Service Corporation International.
FRANKFURT, June 25- Europe's cruise lines managed to eke out growth in 2012 despite a difficult economy and lingering memories of the Costa Concordia disaster, luring new customers with bigger ships and even heavy metal concerts.
TOKYO, June 25- Private equity giant Cerberus Capital Management LP and Japan's Seibu Holdings will square off in a shareholder vote on Tuesday over the U.S. firm's drive to shake up the board and win more influence.
Too much hassle to plan a trip? One online travel booker says to just go—you'll find accommodation through its mobile app when you arrive at your destination.