News & Stories
Toronto. Fairmont Hotels & Resorts has formed a Special Committee of four independent directors to advise the Board of Directors with respect to the partial take-over bid by affiliates of Carl Icahn. This way, the announcement to take over 51% by shareholder Icahn two weeks ago gains new and serious importance.
Frankfurt/M. The hotel group Innside, Duesseldorf, has this year again shown positive development. Following new openings in Munich and Frankfurt, Hamburg and Vienna are now on the cards.
Hamburg/Munich. Travelchannel.de, Travel Overland and Flug.de, market leaders amongst online travel companies, are now to merge fully with Otto Freizeit und Touristik Ltd. Up until now, the three companies had operated under the joint venture initiative Travelvelocity Europe under the shared control of OFT and partner company Travelocity.
Trebesing. The Kinderhotels Austria is a luxury model of the country's group of independent providers. The requirements are stricter than in some other franchise models. Nearly twenty businesses have left in five years. The influx of guests is just the reverse: For 17 years now, it has been confirming the spirit of the consistent brand policy, which is carried out with expensive marketing.
Toronto. Fairmont Hotels & Resorts Inc. acknowledged the announcement by Icahn Partners LP and Icahn Partners Master Fund LP, affiliates of Carl Icahn, of their intention to make a partial takeover bid for 51% of the outstanding common shares of the company. These affiliates currently hold approximately 9.3% of the Company's common shares.
Nuremberg. With the opening of the NH Nuremberg-City this week, the Spanish hotel group now has 53 hotels. At the moment, only one further hotel is planned in Germany. However, despite all the disputes, NH Hoteles clings to the agreement with the NH flagship, the Schlosshotel Buehlerhoehe near Baden-Baden. Economically, the German hotels continue to be on course for success.
Madrid/Nuremberg. The Spanish NH Hoteles, Europe's third largest business hotel chain is beginning a whole new chapter in its development. In future, it will be developing resorts consistently. Apart from this, it will develop a new "luxury fashion brand": the first project opens in Milan as early as next year. In the course of the opening of the NH Hotel Nuremberg last Tuesday, the management revealed lots of news and numerous details.
White Plains. Starwood Hotels & Resorts Worldwide has acquired the Le Méridien brand and the related management and franchise business for the portfolio of 130 hotels and resorts globally for approximately 225 million USD, roughly equal to the amount of Starwood's current investment, including accrued interest, in the debt of Le Méridien.
Munich. German Ibis Hotels are giving away 10,000 rooms for just one Euro as a little "thank you" to their guests. This "Christmas present" will be available to book online as from this coming Sunday.