Langham Hospitality Investments, an investment trust controlled by property developer Great Eagle Holdings Ltd, raised about US$550 million in an IPO on Thursday, the first of several issuers looking to benefit from a surge in investors’ demand for commercial property and high-yield securities in Hong Kong. The investment trust offered 852.2 million share stapled units at HK$5 each, putting the total deal at HK$4.26 billion ($549 million), said sources with direct knowledge of the deal, who were not authorised to speak publicly on the matter. The offering was marketed at a range of HK$4.65-5.36 per unit.
Once we are out of the somewhat carefree college and university days we end up spending a major chunk of our lives in professional organizations, quite until it is time to hang up our boots and retire to a slow-paced, less hectic twilight years. Hence it is essential to understand what are these buildings all about where we spend anywhere between 10-12 hours of our waking hours and 5-6 days of our week (depending on which part of the world you work in).
Before graduating in June from Emirates Academy of Hospitality Management, a school in Dubai that is in academic association with the renowned École Hôtelière de Lausanne and part of the Jumeirah Group, Samuel Moult is busy filing applications to work in one of Jumeirah’s global hotels. He is hoping to get a placement in Dubai.
TP Vision's announces its new portfolio of Philips hotel TVs. With Philips Studio, Philips EasySuite, Philips MediaSuite and Philips Signature, hoteliers can chose the LED sets that best suit their needs. Screen sizes span between 48cm (19'') and 140cm (55'). The Philips hospitality TV offering suits any room and ambience; from smaller standard rooms up to spacious suites; from budget hostels to design hotels.
Leading boutique Asian hotelier Alila Hotels & Resorts will more than double its portfolio of boutique hotels and resorts by 2015, with ambitious plans to add up to 10 new properties in the next two years.
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