Kingdom Holdings Seeks Rest of Hotel Unit (New York Times)
Its $5 a share offer for the 44 percent stake in Kingdom Hotel that it doesn’t already own has already received the stamp of approval from an independent committee at Kingdom Hotel, the company said in a statement . The bid represents a premium of roughly 37 to 40 percent to the property group’s average trading price over the last three months, Kingdom Holding said.
Sit-in hotel sale being finalised (BBC News)
The sale of a 200-year-old hotel that suddenly closed prompting staff to stage a sit-in is expected to be completed.
Honest guest’s guide to free hotel amenities (MSNBC)
When you’re staying at a hotel, is it OK to pocket the bottles of shampoo and lotion? How about the magazines? Bathrobes? Furniture? It all depends on who you ask.
Prince Alwaleed’s Kingdom Bids for Rest of Hotel Unit (Update2) (Bloomberg)
March 15 (Bloomberg) -- Prince Alwaleed bin Talal ’s investment company offered to buy the shares of Kingdom Hotel Investments it doesn’t already own for as much as $375 million.
Shuaa Capital Hospitality Fund Acquires Land in Jeddah for Hotel (Bloomberg)
March 15 (Bloomberg) -- Shuaa Capital Saudi Arabia PJSC said its hospitality fund bought land to develop a 35-floor hotel in the Red Sea coastal city of Jeddah, Saudi Arabia.
Kingdom Holding Makes Offer to Fully Own Hotel Unit (Update1) (Bloomberg)
March 15 (Bloomberg) -- Kingdom Holding Co. , the investment company owned by Saudi billionaire Prince Alwaleed bin Talal , offered to buy the shares it doesn’t already own in Kingdom Hotel Investments, valuing the lodging firm at $843 million.
Hotel sets out on green mission (The Star)
OBSERVING an hour of darkness for Earth Day alone is not enough for the Dorsett Hotels and Residences in Malaysia. In addition to switching off non-essential lights at their five properties for an hour on March 27, the hotel group is also playing a more active role in educating its employees and the community about going green.
Inter Milan coach Jose Mourinho listens to a question during a news conference at a hotel next to Stamford Bridge ... (Reuters via Yahoo! UK & Ireland News)
Inter Milan coach Jose Mourinho listens to a question during a news conference at a hotel next to Stamford Bridge before their Champions League match against his old club Chelsea in London March 15, 2010. REUTERS/Andrew Winning
Inter Milan coach Jose Mourinho pouts during a news conference at a hotel next to Stamford Bridge before their ... (Reuters via Yahoo! UK & Ireland News)
Inter Milan coach Jose Mourinho during a news conference at a hotel next to Stamford Bridge, March 15, 2010. REUTERS/Andrew Winning
High-end hotel may replace empty lot in Buena Park (Orange County Register)
BUENA PARK - A Beach Boulevard lot that has sat vacant for years may be the site of a new high-end hotel. The City Council recently approved an exclusive agreement with developer Bruce Orr & Associates to analyze the feasibility of developing a hotel...