Shareholders may soon shift their attention from electric companies to hospitality-management firms for income considerations. Hoteliers have long mothered their profits to accommodate capital investment. Yet in a curious turn of tradition, InterContinental Hotels Group, the UK-based owner of the Crowne Plaza and Holiday Inn brands, declared a special dividend this week for investors based … Continue reading For Investors, Hotels Become Utilities
Island risk is less of a problem for Chinese investors, than traditional Western names. One reason may be their limited legacy exposure to Caribbean deals. Hong Kong-based Chow Tai Fook Enterprises just committed an undisclosed sum, likely in the billions, to buy the still-unopened Baha Mar. The Bahamian resort is the largest in the region. … Continue reading Chinese Investors Luxuriate in Caribbean
The question is not as flippant as it sounds. According to hotel-industry sources, there may be more than 10,000 branded hotel rooms being rolled out in Egypt over the near-to-medium term. Local executives claim that the outsized building boom represents a commitment to tourism-industry potential, especially from markets like China and India. But the travel … Continue reading Would You Invest in an Egyptian Hotel?
Even for those not interested in the hotel business, this news is important. Beijing-based insurer Anbang just cancelled its whopping all-cash bid for Starwood. That leaves Marriott and Starwood to iron-out details of a merger that was first announced last November. The Chinese firm obviously decided there are better targets for its cash resources. In … Continue reading Chinese Firm Takes Money Elsewhere