Federico J. González
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Immediate Plans for NH Hotel Group
Minor International NH Hotel Group’s Proposed Tender Offer July 2018 STRICTLY PRIVATE & CONFIDENTIAL Disclaimer Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are "forward-looking statements" within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. MINT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. MINT makes no representation whatsoever about the opinion or statements of any analyst or other third party. MINT does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement. This presentation (the Presentation) has been prepared by Minor International Public Company Limited (the Company) in connection with the proposed tender offer (the VTO) to be carried out by MHG Continental Holding (Singapore) Pte. Ltd., a wholly owned subsidiary of the Company, over the shares of NH Hotel Group, S.A. (NH) in accordance with the VTO public announcement published on June 11, 2018, on the website of the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores or CNMV) as hecho relevante with registry number 266649. -
The World's Biggest Hotel Companies. Old Trends and New Tendencies
MISCELLANEA GEOGRAPHICA – REGIONAL STUDIES ON DEVELOPMENT Vol. 19 • No. 4 • 2015 • pp. 26-33 • ISSN: 2084-6118 • DOI: 10.1515/mgrsd-2015-0020 The world’s biggest hotel companies. Old trends and new tendencies Abstract Many hotels are owned by a few dozen so-called hotel chains or hotel Andrzej Kowalczyk systems. The rapid growth of big hotel companies can be regarded as proof of the entrance of hotel systems into the globalisation phase. Since 2006, companies from the People’s Republic of China (PRC) have been among the world’s top hotel systems. This year can be considered Department of Geography of Tourism & Recreation as the symbolic beginning of a new stage in the history of the largest Institute of Socio-Economic Geography & Spatial Management hotel systems. This paper shows two main trends. On the one hand, the Faculty of Geography & Regional Studies processes that could be observed in the market of the major global hotel University of Warsaw Poland systems from the 1990s are still discernible (for example, the position of e-mail: [email protected] the so-called hotel megasystems). On the other hand, new trends have come to the fore in recent years, notably the emergence of systems from the People’s Republic of China among the world’s largest hotel systems. Keywords Hospitality • hotel megasystems • Chinese hotel chains Received: 30 September 2014 © University of Warsaw – Faculty of Geography and Regional Studies Accepted: 18 August 2015 Introduction A large proportion of hotels worldwide are owned by a few systems, non-cash settlements, launching new services for clients dozen so-called chains or systems, many of which operate and new technological solutions in catering, and so on. -
U.S.-Cuba Trade and Economic Council, Inc. New York, New York Telephone (917) 453-6726 • E-Mail: [email protected]
U.S.-Cuba Trade and Economic Council, Inc. New York, New York Telephone (917) 453-6726 • E-mail: [email protected] Internet: http://www.cubatrade.org • Twitter: @CubaCouncil Facebook: www.facebook.com/uscubatradeandeconomiccouncil LinkedIn: www.linkedin.com/company/u-s--cuba-trade-and-economic-council-inc- If NH Hotel Group Is Sued Using Libertad Act, One Defendant Would Be Former U.S. Citizen Who Now Controls Company Madrid, Spain-based NH Hotel Group (2018 revenues approximately US$1.8 billion), which is 94.13% owned by Bangkok, Thailand-based Minor International Public Company Limited (2018 revenues approximately US$2 billion). LINK: https://www.minor.com/en NH Hotel Group manages two properties in the Republic of Cuba: 220-room NH Capri La Habana and 31- room NH Collection Victoria La Habana and one property in the United States: 288-room NH Collection New York Madison Avenue. “William Heinecke is the chairman and CEO of hospitality group Minor International, the company he founded as a cleaning business when he was 17 — still a minor — four years after relocating to Bangkok with his family. Throughout his 20s and 30s, it evolved into one of Thailand’s leading hospitality chains, and Heinecke said he felt he owed it to the country that “adopted” him to show his dedication to doing business there. Eight years after becoming a naturalized Thai citizen in 1991, William Heinecke was 42 when he did something drastic: He walked into the U.S. embassy in Bangkok, handed over his passport and renounced his citizenship.” “He holds an Honorary Doctorate of Business Administration in Management from Yonok University, Lampang. -
Quarterly Newsletter – Q2 2014
30 Warwick Street London W1B 5NH www.jll.com/hospitality EMEA Quarterly Newsletter – Q2 2014 Industry Trends • According to the World Travel & Tourism Council (WTTC), demand for international tourism remained strong in the first four months of 2014. International tourism arrivals grew 5%, the same rate as full year 2013. Prospects for the current peak tourism season remain very positive with over 450 million tourists expected to travel abroad in the May-August 2014 period. • Destinations worldwide received 317 million international overnight visitors between January and April 2014, 14 million more than in the same period of 2013. This 5% growth consolidates the strong increase registered for 2013 and is well above the long-term trend projected by the UNWTO for the period of 2010-2020 (3.8%). • The strongest growth was seen in Asia and the Pacific and the Americas (both up 6%), followed closely by Europe and Africa (up 5%). By sub-region, Northern Europe, South and Mediterranean Europe, North Africa and South Asia (all up 8%) were the star performers. • In terms of tourism expenditure, growth continues to be strong from emerging markets, in particular China, the Russian Federation, Saudi Arabia and India. Furthermore, demand from advanced economies is strengthening as the global economic situation gradually improves, with encouraging growth posted for Italy, Australia, the Republic of Korea, the Netherlands, Norway and Sweden. • According to the UNWTO confidence index, prospects remain very positive for the period May- August 2014. Confidence has picked up, particularly among the private sector, and improved further in Europe, the Americas, Asia and the Pacific and the Middle East. -
Proposed Homewood Suites Atlanta Airport
SUMMARY MARKET STUDY Proposed Homewood Suites Atlanta Airport 3405 BOBBY BROWN PARKWAY ATLANTA, GEORGIA SUBMITTED TO:PR OPOSED PREPARED BY: Mr. Sachin Patel HVS Consulting and Valuation Services American Life Inc Division of Hotel Appraisals, LLC 2100 Parklake Drive North East, Suite P 369 Willis Avenue Atlanta, Georgia 30345 Mineola, New York 11501 +1 770 938-2060 +1 516 248-8828 December - 2013 December 20, 2013 Mr. Sachin Patel American Life Inc 2100 Parklake Drive North East, Suite P Atlanta, Georgia 30345 HVS NEW YORK Re: Proposed Homewood Suites Atlanta Airport 369 Willis Avenue Atlanta, Georgia Mineola, New York 11501 HVS Reference: 2013010798 +1 516 248-8828 +1 516 742-3059 FAX www.hvs.com Dear Mr. Patel: Atlanta Boston Pursuant to your request, we herewith submit our summary market study Boulder pertaining to the above-captioned property. We have inspected the real estate and Chicago analyzed the hotel market conditions in the Atlanta, Georgia area. We have studied Dallas the proposed project, and the results of our fieldwork and analysis are presented Denver in this report. We have also reviewed the proposed improvements for this site. Our Houston report was prepared in accordance with the Uniform Standards of Professional Las Vegas Appraisal Practice (USPAP), as provided by the Appraisal Foundation. Mexico City Miami Minneapolis We hereby certify that we have no undisclosed interest in the property, and our Nassau employment and compensation are not contingent upon our findings. This study is New York subject to the comments made throughout this report and to all assumptions and Newport limiting conditions set forth herein. -
All Securities Law, Franchise Law, and Take-Over Law Filings for 3/28/2021 Through 4/3/2021
All Securities Law, Franchise Law, and Take-Over Law Filings for 3/28/2021 through 4/3/2021 Securities Law Registration Filings Made with DFI’s Securities Division Firm Name Location Date File Number Status Received Capital Impact Partners Arlington, VA 3/30/2021 863527-02 Registered Number of Registration Filings: 1 Securities Law Exemption Filings Made with DFI’s Securities Division Firm Name Location Date File Number Status Received Life Point Christian Fellowship San Tan Valley, 3/31/2021 863617-08 Not Disallowed D/B/A Lifepoint Church AZ Number of Exemption Filings: 1 Securities Law Federal Covered Security-Investment Company Filings Made with DFI’s Securities Division Firm Name Location Date File Number Status Received AMG Funds III AMG GW&K High Greenwich, CT 4/2/2021 863525-03 Filed Income Fund Class I Ei. Ventures, Inc. Kihei, HI 4/2/2021 863624-25 Filed Epilog Imaging Systems, Inc. San Jose, CA 4/2/2021 863623-25 Filed 1WS Credit Income Fund Class New York, NY 4/1/2021 863521-59 Filed A-2 Shares Advisors Series Trust First Milwaukee, WI 4/1/2021 863520-03 Filed Sentier American Listed Infrastructure Fund Class I FS Series Trust FS Real Asset Philadelphia, PA 4/1/2021 863523-03 Filed Fund Class A FS Series Trust FS Real Asset Philadelphia, PA 4/1/2021 863524-03 Filed Fund Class I Morgan Stanley Institutional New York, NY 4/1/2021 863522-03 Filed Fund, Inc. Emerging Markets Leaders Portfolio Class IR Aspiriant Risk-Managed Capital Milwaukee, WI 3/30/2021 863622-59 Filed Appreciation Fund Aspiriant Risk-Managed Real Milwaukee, -
Information on the Proposed Candidates for Election at The
Information on the proposed candidates for election at the Extraordinary General Meeting on 10 December 2018 Following completion of a previously announced transaction of shares in the Company by a consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through its joint acquisition vehicle Aplite Holdings AB (the “Consortium”), the Consortium holds 50.21 percent of the shares and votes in the Company. The Consortium has requested that the Board of Directors summons an Extraordinary General Meeting, which will be held on 10 December 2018. The below information regarding the candidates proposed for election at the Extraordinary General Meeting by the Consortium has been provided to the Company by the Consortium. MA MINGJU Nationality: Chinese Born: 1961 Education: Senior accountant with a master's degree in business administration from the Asia International Open University (Macau). Shares: 0 Mr. Ma joined Jinjiang International Holdings Co., Ltd. in 2005, and formerly served as Supervisor of Shanghai Jin Jiang International Hotels (Group) Company Limited and Director of Jinjiang Inn Co., Ltd. Mr. Ma is now Vice President and General Manager of Finance Business Division of Jinjiang International Holdings Co., Ltd., Chairman of Shanghai Jinjiang International Investment and Management Co,. Ltd., CEO of Shanghai Jin Jiang International Hotels (Group) Company Limited, Supervisor of Shanghai Jin Jiang International Hotels Development Co., Ltd., Director of Shanghai Jin Jiang International Industrial Investment Co., Ltd., Director of Beijing Kunlun Hotel Co., Ltd., and Chairman of Jin Jiang International Finance Co., Ltd. JIN CHEN Nationality: Chinese Born: 1971 Education: Master degrees in LLM both from China University of Politics and Law in Beijing and University of Warwick in the UK, as well as an MBA (International) from University of Hong Kong. -
Board of Directors' Report
Santa Engracia, 120, 7 Main Building 28003 Madrid, Spain www.nh-hotels.com In compliance with the provisions of Article 17 of Regulation (EU) 596/2014 of 16 April 2014 on Market Abuse and Article 228 of the Securities Market Act, approved by Royal Legislative Decree 4/2015, of 23 October, and its complementary regulations, NH Hotel Group, S.A. (hereinafter, “NH Hotel Group” or the “Company”) hereby notifies the National Securities Market Commission (Comisión Nacional del Mercado de Valores) the following RELEVANT EVENT Reference is made to the Relevant Facts dated 2 and 5 October 2018 (under registration numbers 270,111 and 270,236, respectively) in which the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores) disclosed the authorisation and acceptance period of the mandatory takeover bid (the “Bid”) launched by MHG Continental Holding (Singapore) Pte. Ltd (the “Bidder”) (a company fully owned by Minor International Public Limited) for all the shares representing the share capital of NH Hotel Group at an initial price of 6.30 euros per share. In accordance with article 134.4 of the restated text of the Spanish Securities Market Act, approved by Royal Legislative Decree 4/2015 of 23 October and articles 24 and 31.6 of Royal Decree 1066/2007 of 27 July on the rules applicable to takeover bids for securities, the Company submits the mandatory Report from the Board of Directors of NH Hotel Group in relation to the mandatory takeover bid, approved at the meeting held on the date hereof by the majority vote of the directors in attendance. -
Radisson Hotel Group Builds on Successful 2020 Signings; Looks Ahead to a Dynamic 2021 with 30 Openings Across EMEA
Brussels, March 1st 2021 Radisson Hotel Group builds on successful 2020 signings; looks ahead to a dynamic 2021 with 30 openings across EMEA Radisson Hotel Group looks ahead to 2021 with 30 planned hotel openings or 5,000 rooms across EMEA, building on the Group’s 40+ signings announced in 2020. The Group’s 2020 expansion included the introduction of the Radisson Individuals brand and the announcement of ambitious plans to double its portfolio of Serviced Apartments by 2025. 2021 expected openings also include seven exciting new openings of the Group’s premium lifestyle Radisson Collection brand in France, Italy, Spain, Turkey, and Saudi Arabia. In 2020, Radisson Hotel Group signed over 40 new hotels, resorts and serviced apartments across EMEA with 7,700 rooms and opened over 20 properties as the group continues to optimize its new brand architecture. Key signings included Radisson Blu Sheffield in the UK, Radisson RED Innsbruck in Austria, Radisson RED Cologne, Radisson Blu Resort Santorini in Greece, Radisson Hotel & Convention Centre Johannesburg in South Africa, Radisson Residences Heidelberg in Germany Radisson Beach Resort The Palm in Dubai, the UAE, Cour des Loges Lyon, A Radisson Collection Hotel in France and Henrietta House, a member of Radisson Individuals in Bath, UK. In 2020 Radisson Hotel Group also launched a new brand, Radisson Individuals, a conversion brand offering independent hotels and local, regional chains the opportunity to be part of the global Radisson Hotel Group platform, benefiting from the Group’s international awareness and experience, with the freedom to maintain their own uniqueness and identity. In addition, 2020 marked the Group’s expansion of its Serviced Apartment portfolio which will be developed as a brand extension to cater to the different segments from midscale to luxury. -
Global Hospitality Monitor
Global Hospitality Monitor July 26, 2021 LTM Share Price Performance Weekly Movers North American Hotel REITs Top 5 Performers One Week % Change NH Hotel Group SA 5.8% 200 Avingstone North America Hotel REIT Index Hilton Worldwide Holdings Inc. 4.6% S&P REIT Index 180 Whitbread Plc 3.7% Marriott International Inc. 3.1% 160 Playa Hotels & Resorts NV 2.7% 140 Top 5 Laggards One Week % Change 120 Central Plaza Hotel Public Co Ltd (9.9%) 100 Banyan Tree Holdings Ltd (9.0%) Ashford Hospitality Trust Inc. (6.7%) 80 Hong Kong & Shanghai Hotels/The (5.6%) Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Huazhu Hotels Group (5.2%) North American Hotel Stocks Ind ustry Intelligence & Commentary 200 Avingstone North America Hotel Index 23 Jul: Star Entertainment, the Australia-listed hotel and casino group, S&P 500 Index 180 announced that it withdrew a A$9 billion (US$6.6 billion) buyout proposal for Crown Resorts, the Australia-listed hotel and casino group, over concerns that 160 Crown could lose its license to run its Melbourne casino property. Star said it might consider a tie-up with Crown but was concerned about the impact on its 140 value “including whether it retains the license to operate its Melbourne casino 120 or the conditions under which its license is retained”. 100 22 Jul: Pebblebrook Hotel Trust, the US-listed hospitality real estate investment trust, announced the acquisition of the 200-key Jekyll Island Club 80 Resort in Georgia for US$94 million (approx. -
Corporate 300 Ranking
HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325 TELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HO 325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325/HOTELS’325CORPORATE 300 RANKING Rank Company Rooms Hotels Rank Company Rooms Hotels 2007 Headquarters 2007 2007 2007 Headquarters 2007 2007 2006 2006 2006 2006 2006 2006 1 IHG (InterContinental Hotels Group) 585,094 3,949 31 IBEROSTAR Hotels & Resorts 31,000 97 1 Windsor, England 556,246 3,741 30 Palma de Mallorca, Spain 32,000 100 2 Wyndham Hotel Group 550,576 6,544 32 Millennium & Copthorne Hotels plc 29,987 111 2 Parsippany, N.J. USA 543,234 6,473 32 London, England 29,408 111 3 Marriott International 537,249 2,999 33 Tharaldson Lodging Cos. 28,878 372 3 Washington, D.C. USA 513,832 2,832 34 Fargo, N.D. USA 26,246 351 4 Hilton Hotels Corp. 502,116 3,000 34 Club Méditerranée 28,000 80 4 Beverly Hills, Calif. USA 501,478 2,935 33 Paris, France 28,027 80 5 Accor 461,698 3,871 35 Shangri-La Hotels and Resorts 26,434 55 5 Paris, France 486,512 4,121 35 Hong Kong, China 23,956 49 6 Choice Hotels International 452,027 5,570 36 Columbia Sussex Corp. 24,809 71 6 Silver Spring, Md. USA 435,000 5,376 29 Fort Mitchell, Ky. -
Service Guarantees and Strategic Service Quality Performance Metrics at Radisson Hotels Worldwide,” by Arthur V
Reprinted with permission of Journal of Strategic Performance Measurement, “Service Guarantees and Strategic Service Quality Performance Metrics at Radisson Hotels Worldwide,” by Arthur V. Hill, Susan Geurs, Julie M. Hays, George John, David W. Johnson, and Richard A. Swanson (December 1998), pp. 27-31. Copyright © by RIA/WG&L; all rights reserved. SERVICE GUARANTEES AND STRATEGIC SERVICE QUALITY PERFORMANCE METRICS AT RADISSON HOTELS WORLDWIDE Arthur V. Hill*, Susan Geurs, Julie M. Hays, George John, David W. Johnson, and Richard A. Swanson Radisson Hotels Worldwide recently pilot tested a service guarantee in twenty-eight of its hotels. The pilot hotels implemented the guarantee with a complete training program but with no advertising. The guarantee read simply: Our goal at Radisson is 100% guest satisfaction. If you are not satisfied with something, please let us know, we'll make it right or you won't pay. The response in the pilot hotels was amazing. In just three months, many of Radisson's service quality performance metrics in these hotels improved significantly. Customer satisfaction, measured by Radisson's own metrics and by a market research firm, showed increased “willingness to return” and “percent advocates.” Radisson also found that the guarantee decreased employee turnover, increased utilization, and increased profitability for the pilot hotels. A group of researchers at the University of Minnesota administered a survey to both management and front-desk hotel employees before and after the guarantee was implemented in the test hotels. The survey found statistically significant correlation between a new service quality metric called “employee motivation and vision” (EMV) and Radisson's service quality performance metrics.