United Kingdom
United States
Asia Pacific
Osmond waits for decision on hostile 6C bid
Hugh Osmond should learn tomorrow (Wednesday) if his hostile £6.5billion bid for hotels group Six Continents has been successful.
Shareholders will meet at an extraordinary general meeting to decide if the company’s plans to demerge into separate hotel and pub companies should go-ahead. Mr Osmond has said he will withdraw his Capital Management & Investment (CMI) group bid if the demerger plans are given the green light.
According to the Sunday Telegraph private equity firm CVC is also planning a bid backed by Starwood and Marriott.
Meanwhile, the IAHI – the Owners’ Associations of Six Continents Hotels – has denounced the hostile bid by CMI. According to IAHI chairman Jay Fishman the deal “could result into the company being busted into pieces..brand by brand.”
He added that the Osmond deal, if given the go-ahead, could result in many franchisees departing to other hotel brands.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’