Political risks may take the buoyancy out of markets as t…
These include a failure to pass tax reforms in the U.S. as well as developments in North Korea, Russia or even Iran, says Frank Lavin, CEO at Export Now.
One of Trump’s most vocal supporters left CNN to make a pro-Trump news video that’s been compared to state TV
Former CNN commentator Kayleigh McEnany hosted a pro-Trump news segment on the president's...
Two of UK's largest hotels snapped up in £500m deal
Property investor Henderson Park, founded by former Goldman Sachs executive Nick Weber last year, has confirmed the acquisition of two of the UK's largest hotels in a deal thought to be worth around £500m. The deal for the Hilton London Metropole and Hilton Birmingham Metropole marks the investor's first move into UK hotels, and takes its buying spree to date to roughly $1.3bn (£1bn) of assets. The 790-room Birmingham hotel is the country's largest outside of the capital, while the 1,059-room London property is the city's second largest by room count. They were sold by property modul Edward Wojakovski's Tonstate property group Weber has a track record in hotel investment having previously bought and later sold the Jury's Inn hotel chain in 2015 for £680m, a deal thought to have made a 3.25x equity return. Henderson Park has previously bought Le Méridien Étoile, the largest hotel in Paris, for €365m (£329m), and The Ledra, a 5-star hotel in Athens. Hilton will remain the operator of the two acquired UK hotels while Henderson Park's asset management team looks to enhance profitability over the longer term. Jones Day acted for Henderson Park. CBRE acted for the seller.
DBS CEO Gupta Says Digitization Is Driving Revenue
Aug.06 -- DBS Group CEO Piyush Gupta discusses the company's performance and technological transformation. He speaks with Bloomberg's Haslinda Amin on "Bloomberg Daybreak: Asia."
HK&S Hotels CEO Sees Good Outlook for Hong Kong
Aug.06 -- Hongkong and Shanghai Hotels CEO Clement Kwok discusses the earnings, performance and growth of the company. He speaks on "Bloomberg Daybreak: Asia."
Kellyanne Conway makes mindblowing pivot to Benghazi when grilled about Trump Jr.’s Russia meeting
"This Week" host George Stephanopoulos put Kellyanne Conway on the spot Sunday morning when the...
Buffett's Berkshire Hathaway Struggles to Find Profits
Aug.06 -- Berkshire Hathaway is finding it hard to grind out higher profits this year, in large part because of slumping results at its insurance businesses. Gardner Russo Gardner Managing Member Tom Russo and Bloomberg's Noah Buhayar speak on "Bloomberg Daybreak: Australia."