BERLIN, March 6- Europe's hotel sector is finding its financing options are the best in years as investors seek better returns in a low interest rate environment and economies emerge from bruising recessions, fanning optimism for the rest of the year.» Read More
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.
TOKYO, Oct 22- A Tokyo court has dismissed a defamation lawsuit filed by Japanese billionaire Kazuo Okada against U.S. casino operator Wynn Resorts and some of its top executives, saying the case should not be handled by a Japanese tribunal.
NEW YORK, Oct 17- Brixmor Property Group Inc, a shopping center company owned by Blackstone Group LP and Blackstone's first property company to become publicly traded could raise more $905.6 million in its intitial public offering and value the company at more than $4.7 billion, according to regulatory filing on Thursday.
NEW YORK, Oct 17- Brixmor Property Group Inc, a shopping center company owned by Blackstone Group LP, said on Thursday it expected its initial public offering to be priced between $19 and $21 per share. Brixmor, which first filed for an IPO in July, is offering 37.5 million shares, according to a filing with the U.S. Securities and Exchange Commission.
Oct 17- Brixmor Property Group Inc, a shopping center operator owned by Blackstone Group LP, said it expected its initial public offering to be priced between $19 and $21 per share, raising about $790 million. It filed in September to take U.S. hotel operator Hilton Worldwide Inc public and also registered hotel chain Extended Stay America Inc for an IPO.
*Europe's earnings momentum improves, but still negative. *Philips, Accor, Whitbread gain after upgrades. LONDON, Oct 11- European stocks edged higher on Friday, building on a rally in the previous session, as investors hoped an agreement would finally be reached in Washington on the U.S. debt ceiling which would avoid a chaotic default.
*Europe's earnings momentum improves, but still negative. *Philips, Accor, Whitbread gain after upgrades. LONDON, Oct 11- European stocks edged higher on Friday, building on a rally in the previous session, as investors hoped that an agreement would finally be reached in Washington on the U.S. debt ceiling.
French hotel group Accor topped the FTSEurofirst 300 leaderboard with a 2 percent rise after investment bank Citigroup's upgraded the stock to a "buy".
HONG KONG, Oct 10- Chinese conglomerate Fosun International Ltd and South Africa's Sun City casino king plan to build a $1.6 billion resort on China's Hainan holiday island, joining a pack of players betting on a surge in upscale tourism in the country.
C. Patrick Scholes, SunTrust lodging and cruise line analyst, explains why he has a "sell" rating on the cruise line and whether the company will be able to turn the tide.
Oct 1- La Quinta Inns& Suites has attracted interest from a number of potential suitors that could value the Blackstone Group LP- owned budget hotel chain at as much as $4.5 billion, three sources with knowledge of the matter said this week.
LONDON, Sept 25- European shares edged lower early on Wednesday, with a sharp decline in shares of the world's largest cruise operator, Carnival Corp, dragging down the European travel and leisure sector.
Carnival, the world's largest cruise line operator, saw profits sink 30 percent after mishaps on its Triumph, Dream and Legend ships.
*Telecom Italia up as Telefonica agrees to raise stake. LONDON, Sept 24- European shares crept up on Tuesday as merger and acquisition activity in the telecoms sector outweighed downbeat U.S. and German data and a drop in profits for cruise operator Carnival.
Arnold Donald, Carnival Corp. president and CEO, explains why he sees a slowdown in the first half of next year, as the company tries to recover from some of the fallout from incidences that occurred earlier in the year with several of its passenger ships.