The art deco-designed Raleigh Hotel in South Beach has a fashionable new owner.» Read More
Oct 30- Shares of Brixmor Property Group Inc, a shopping center company owned by Blackstone Group LP, rose as much as 4 percent in their market debut as investors were drawn to the second-largest U.S. retail real estate company offering. The New York- based company's shares were up 2.5 percent at $20.49.
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.
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.
Carnival, the world's largest cruise line operator, saw profits sink 30 percent after mishaps on its Triumph, Dream and Legend ships.
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.
Hotel operator Hilton Worldwide Holdings plans to raise $1.25 billion from an initial public offering of its common stock.
A 100-foot sinkhole opened under the Summer Bay Resorts outside Disney World, forcing guests to flee their rooms. CNBC's Diana Olick reports.
Vacationers evacuated a central Florida resort building before a sinkhole caused a section of the villa to partially collapse early Monday.
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.
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.
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.
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.
Sam Shank, CEO of HotelTonight, explains how its new app lets impulsive travelers and procrastinators book same-day hotel reservations from their mobile phones and at a discount.