Other Travel

Amex GBT to Acquire CWT

Retrieved on:

Monday, March 25, 2024

Professional Services, Technology, Other Travel, Software, Finance, Travel, Banking, GBT, Acquisition, Adjustment, Retirement, CWT, Fine chemical

Based on CWT estimated 2024 revenue of approximately $850 million, Amex GBT acquiring CWT for 0.7x revenue multiple.

Key Points:

Based on CWT estimated 2024 revenue of approximately $850 million, Amex GBT acquiring CWT for 0.7x revenue multiple.
Strong balance sheet and leverage profile: Amex GBT maintains a strong balance sheet and post-deal leverage stays within Amex GBT’s target range of 1.5x–2.5x.
Amex GBT acquiring CWT for pre-synergy multiple of 7.6x and post-synergy multiple of 2.5x Adjusted EBITDA, based on CWT estimated 2024 Adjusted EBITDA of $70 million –$80 million and $155 million identified synergies.
Amex GBT acquiring CWT for 0.7x revenue multiple, based on CWT estimated 2024 revenue of approximately $850 million.

LuxUrban Hotels Appoints Kimberly K. Schaefer, Former CEO of Great Wolf Resorts, to Board of Directors

Retrieved on:

Monday, March 25, 2024

Ms. Schaefer was instrumental in the expansion of Great Wolf Resorts, growing the company from one cabin to 13 mega indoor waterpark resorts.

Key Points:

Ms. Schaefer was instrumental in the expansion of Great Wolf Resorts, growing the company from one cabin to 13 mega indoor waterpark resorts.
Prior to being appointed Chief Executive Officer, Ms. Schaefer served as Chief Operating Officer/Chief Brand Officer from 2005 to 2009.
Ms. Schaefer has served as Chief Executive Officer and a director of Alpine Acquisition Corporation and as an Advisor to merchant bank Alpine Consolidated since 2018.
“Kim has spent her career building brands into premier destinations and growing businesses in a creative, structured, and forward-thinking manner.

Global Social Commerce Market Intelligence 2024: Access to Over 20 Data-Centric Driven Reports with Updates - ResearchAndMarkets.com

Retrieved on:

Monday, March 25, 2024

Global social commerce industry is expected to grow by 14.8% on annual basis to reach US$737.2 billion in 2023.

Key Points:

Global social commerce industry is expected to grow by 14.8% on annual basis to reach US$737.2 billion in 2023.
The global social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 12.7% during 2024-2029.
With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics.
In-depth Understanding of Social Commerce Market Dynamics: Understand market opportunities and key trends along with forecast (2020-2029).

Selina Hotels to Participate in Earth Hour on March 23 by Hosting Tech-Free Events Across Latin America

Retrieved on:

Friday, March 22, 2024

This is the second consecutive year Selina will participate in Earth Hour.

Key Points:

This is the second consecutive year Selina will participate in Earth Hour.
Many of the Selina hotels in Latin America will support global efforts to raise awareness while offering guests and the local communities a unique opportunity to show their appreciation for the planet.
Earth Hour encourages individuals, companies, organizations and other entities worldwide to devote one hour to our Earth, symbolizing a pledge to reconnect, restore, and nurture our planet.
With only one Earth, Selina is dedicated to doing our part at every opportunity," said Rafael Museri, co-founder and CEO of Selina.

Hilton Announces Pricing of Senior Notes Offering

Retrieved on:

Friday, March 22, 2024

Vacation, Other Travel, Lodging, Destinations, Travel, Hilton Worldwide, HLT, Sale, Regulation, Investment, Note, Debt-to-GDP ratio, Issuer, Person, Security (finance)

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the “Issuer”) finalized the terms of the Issuer’s offering of $550 million aggregate principal amount of 5.875% Senior Notes due 2029 (the “2029 Notes”) and $450 million aggregate principal amount of 6.125% Senior Notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).

Key Points:

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the “Issuer”) finalized the terms of the Issuer’s offering of $550 million aggregate principal amount of 5.875% Senior Notes due 2029 (the “2029 Notes”) and $450 million aggregate principal amount of 6.125% Senior Notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).
The Issuer anticipates that consummation of the offering will occur on March 26, 2024, subject to customary closing conditions, and intends to use the net proceeds of the offering for general corporate purposes, including the repayment of $200 million of indebtedness under the senior secured revolving credit facility, investments and acquisitions.
The Notes offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws.
The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Combatting Tuberculosis in the Workplace: International SOS Shares Key Actions for Businesses

Retrieved on:

Friday, March 22, 2024

In the lead-up to World Tuberculosis (TB) Day on 24 March, International SOS , the world's leading health and security risk services company, highlights the importance of safeguarding employees from TB.

Key Points:

In the lead-up to World Tuberculosis (TB) Day on 24 March, International SOS , the world's leading health and security risk services company, highlights the importance of safeguarding employees from TB.
While TB occurs worldwide, South-East Asia experiences the highest burden.2 International SOS data further highlights this, reporting a consistent trend over the past four years of TB-related cases in Asia, particularly in Indonesia and Vietnam.
International SOS offers the following key actions organisations can take to help end the TB epidemic:
Awareness campaign: Raise awareness and educate employees about TB symptoms, transmission and prevention measures.
Risk assessment: Organisations should perform a risk assessment for employees working with individuals at an increased risk of TB infection.

Experience the Beauty of Alaska on a Top-Rated Fitness Retreat Aboard the Sophomore Club Pilates at Sea: An Alaska Retreat

Retrieved on:

Thursday, March 21, 2024

Club Pilates , the world’s largest Pilates brand, has partnered with Princess Cruises for a second time to offer Club Pilates at Sea: An Alaska Retreat.

Key Points:

Club Pilates , the world’s largest Pilates brand, has partnered with Princess Cruises for a second time to offer Club Pilates at Sea: An Alaska Retreat.
View the full release here: https://www.businesswire.com/news/home/20240321888192/en/
Club Pilates at Sea: An Alaskan Retreat returns this August 18-25.
Guests are welcomed to participate in Club Pilates classes with glaciers, mountains, and the rugged Alaska landscape as the backdrop for a truly remarkable experience.
Exclusive events include Restore Club - a spa-themed class and experience, private Club Pilates group excursions in the Alaska wilderness, an 80’s themed class experience, and many more.

GoChengdu: Paris ushers in "Giant Pandas" and invites French tourists with enthusiasm to take a walk on the street corners of Chengdu, China

Retrieved on:

Friday, March 22, 2024

The event was attended by distinguished guests and media reporters from the tourism, mass media, cultural and creative sectors of Paris.

Key Points:

The event was attended by distinguished guests and media reporters from the tourism, mass media, cultural and creative sectors of Paris.
This press release features multimedia.
"Sincerely invite French friends to walk and see on the street corners of Chengdu and personally experience the unique charm of 'Park City Under Snow Mountains and Happy Chengdu amidst Fireworks'!"
A jewel of the Southwest Silk Road, it is nowadays one of the most vibrant and happy cities in China.
Chengdu's giant pandas and unique humanistic charm will appeal to more French tourists for tours and sightseeing.

Travel + Leisure Co. Completes $350 Million Term Securitization

Retrieved on:

Thursday, March 21, 2024

Vacation, Other Travel, Lodging, Destinations, Travel, Note, Class, Regulation, Sale

“Our first public term offering of the year received considerable interest from the investment community, which led to strong execution and a blended interest rate of 112 basis points below our October 2023 transaction and an increase in the advance rate of 350 basis points,” said Mike Hug, Chief Financial Officer of Travel + Leisure Co.

Key Points:

“Our first public term offering of the year received considerable interest from the investment community, which led to strong execution and a blended interest rate of 112 basis points below our October 2023 transaction and an increase in the advance rate of 350 basis points,” said Mike Hug, Chief Financial Officer of Travel + Leisure Co.
Sierra Timeshare 2024-1 Receivables Funding LLC issued $143 million of Class A Notes, $90 million of Class B Notes, $85 million of Class C Notes, and $32 million of Class D Notes.
The Class A Notes have a coupon of 5.15%, the Class B Notes have a coupon of 5.35%, the Class C Notes have a coupon of 5.94%, and the Class D Notes have a coupon of 8.02%.
Sierra Timeshare 2024-1 Receivables Funding LLC is an indirect subsidiary of Travel + Leisure Co.
All of such securities having been sold, this announcement of their sale appears as a matter of record only.

Carlos Mencia Bringing Comedy to Rivers Casino Philadelphia

Retrieved on:

Thursday, March 21, 2024

Comedian Carlos Mencia has been selling out shows across the country, and he’s bringing his stand-up to Philadelphia.

Key Points:

Comedian Carlos Mencia has been selling out shows across the country, and he’s bringing his stand-up to Philadelphia.
View the full release here: https://www.businesswire.com/news/home/20240321645687/en/
Comedian Carlos Mencia and his “No Hate No Fear” tour are coming to Rivers Casino on Saturday, April 20, at 8 p.m. (Photo: Business Wire)
Mencia’s “No Hate No Fear” tour is coming to Rivers Casino on Saturday, April 20, at 8 p.m. From social commentary to personal anecdotes, get ready to laugh at Mencia’s smart, edgy and long-awaited stand-up comedy.
Mencia is best known for his raw and unfiltered style of comedy, which he has showcased to great success on comedy stages and in television shows and movies.
As a comedian who finds the hilarious irony in both day-to-day and newsworthy events, Mencia is never lacking in material.