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Budapest City Council to sell stake in Kempinski Hotel. The Budapest City Council announced on Wednesday that it is offering for sale its 9.92pc stake in Kempinski Hotel Budapest. The Kempinski Hotel Budapest had pre-tax profit of HUF 695m on revenue of HUF 4.686bn in 2005. Net assets were HUF 3.408bn and total assets came to HUF 8.819bn at the end of 2005, the City Council said. The owners of the five-star Kempinski Hotel Corvinus declined to reveal the hotel's most recent figures. (HUF 100 = EUR 0.3946) Source: The Financial Times Limited
Dubai hotels register high occupancy ratings during ongoing DSS. Radisson SAS Hotel, Dubai Deira CreekWith the tenth edition of Dubai Summer Surprises (DSS) in full swing offering attractive sales and shopping discounts and top-notch entertainment facilities to boot, Dubai is being increasingly seen as a destination of choice for travellers from around the world. Supporting Dubai government’s initiative to make Dubai a year-round tourist destination is the hospitality industry that offers several incentives to attract visitors to enjoy the leisure facilities in the emirate. With Dubai’s rising popularity on the tourism graph, the hospitality industry in the emirate is reaping rich dividends and Dubai hotels are busy throughout the year owing to the influx of inbound tourists. Catering to a wide spectrum of visitors, Dubai hotels have been receiving a good turnout of leisure as well as business travellers since the beginning of this year and the trend continues even in summer, boosted further by the holiday season and the DSS. Source: The Mena Report
The Millennium Hotel flag is set to soar once again in China with the latest addition to the Millennium & Copthorne global chain of hotels – the five-star Millennium Chengdu – which will open in mid-2008. The 363-room Millennium Chengdu is located in Chengdu in the Sichuan province. The Sichuan province is famous for its World Heritage Site – the Dujiangyan Irrigation System which is one of the world’s oldest functioning irrigation systems; the Wolong Panda Reserve; the scenic lakes and lush green forests in Jiuzhaigou Valley; and the Yangtze River which cuts through Mount Wushan bordering Chongqing and Hubei to create the famous Three Gorges.
Holland America Line ships are renowned for their collections of fine art and antiques from around the globe. Now selections from the premium line’s art treasures have been assembled in “The Art of Cruising: Fine Art and Antiques of Holland America Line.” The 176-page full-color hardcover coffee-table book features a diverse collection that ranges in scale from contemporary pieces such as a saxophone signed by former President Bill Clinton and Waterford® crystal atrium centerpieces, to pre-Columbian artifacts and original paintings from a variety of artists and epochs. Renowned cruise photographer Michel Verdure meticulously captured images of the vast art and antiques collection, and travel journalists Paul Lasley and Elizabeth Harryman provide accompanying text. Source: BusinessWire.com
LEGOLAND California’s guide to healthy eating at Theme Parks. Heading to a theme park this summer, yet want to stay on track and keep your family eating healthy? Although long associated with pizza, burgers and ice cream, many theme parks are now offering healthier fare for families. All it takes to steer clear of the temptation, yet still enjoy the ride are a few simple strategies, says Executive Chef, Paul Geasland. Executive Chef, Paul Geasland, has been working at LEGOLAND California since the family theme park opened in Carlsbad, California in 1999. While he enjoyed the fine dining experience, it was his fascination with family dining that brought him to LEGOLAND California, the first theme park on the West Coast to use trans-fat free oils and the menu is 100% free of trans fats. Geasland likes the challenge of not only discovering what a child likes and dislikes but also helping them take steps towards making healthy choices when they eat. As a father of two young girls ages three and six, Geasland understands the need to make the theme park experience one the entire family can enjoy. Source: BusinessWire.com
Orient-Express Hotels Ltd., has confirmed that it has signed an agreement to purchase 185,000 sqm parcel of land in Buzios, one of the most popular up-market destinations in Brazil, 180km north-east of Rio de Janeiro. The land will be used for the development of an all suite boutique resort of 40 rooms, along with a real estate development of 17 villas varying in size from 200-400sqm. Once the necessary permits have been granted, it is estimated that the resort will take 20 months to construct. The site is called Azeda, which means ‘bitter lime’ in Portuguese and has its own beachfront. The original owner’s house is on the beach and will be preserved as part of the resort.
Accor sells Italian Food Services business for 135 Million Euro. As part of the disposal of its non-strategic assets, and as presented during its 2006 yearly results, Accor announces the sale of its Italian food services business to Barclay's Private Equity for 135 million euros. In 2006, this business contributed 312.3 million euros to Accor's consolidated revenue. The disposal of the non-strategic Italian food services assets is part of the strategy of refocusing on Accor's two core businesses, Services and Hotels. In line with the commitment to optimizing the Group's financial structure, proceeds from the sale will be returned to shareholders.
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