Search Results For Acquisition
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ASCOTT REIT FORAYS INTO THE U.S WITH ACQUISITION OF PRIME NY PROPERTY
Press Release: Hotels — July 2nd, 2015
Ascott Residence Trust is expanding its footprint to the United States of America by acquiring the 411-key Element New York Times Square West hotel located in Midtown Manhattan for USD163.5 million (approximately S$220.7 million). The accretive acquisition at an EBITDA yield of 6.2% is expected to increase Ascott Reit’s distribution income in FY 2014 by USD0.8 million, translating to a rise in distribution per unit from 8.44 cents2 to 8.51 cents on a pro forma basis. This acquisition comes hot on the heels of Ascott Reit’s purchase of three quality serviced residences and four rental housing properties in Australia and Japan.. |
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LUCINTEL PROJECTS THE GLOBAL AIRLINE INDUSTRY TO REACH $767BILLION BY 2018
Press Release: Airlines — July 9th, 2014
The global airline industry is expected to reach $767 billion by 2018. The industry is fragmented with top three and top five players. The Companies’ main strategy is focused on expanding their services globally as many of the airlines that are US based have international routes and are expanding overseas. The airline Companies are focusing on environmental sustainability programs to provide eco-efficient airlines with less carbon emissions.. |
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DISCOVER TRAVEL & TOURS EXPANDS US BUSINESS
Press Release: Tours — August 20th, 2013
Leading UK inbound tour operator, Discover Travel & Tours, has announced the full acquisition of California based tour operator In Quest of the Classics (IQOTC).. | |
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