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Marriott International to Take Over Management of U.K. Hotels and Form Joint Venture With Whitbread to Sell 46 Hotels (PR Newswire via Yahoo! Finance)
Marriott International, Inc. announced today that it has signed an agreement with Whitbread PLC to establish a 50/50 joint venture to acquire Whitbread's portfolio of 46 franchised Marriott and Renaissance hotels of over 8,000 rooms, and for Marriott to take over management of the entire portfolio of hotels upon the transfer of the hotels to the new joint venture.
GlobeSt.com UPDATE: Whitbread Forms JV with Marriott for B Hotel Sale (GlobeSt.com)
LONDON-Whitbread has formed a 50/50 joint venture with Marriott International to handle the sale of its euro 1.4-billion (.92 billion) luxury hotel portfolio in the UK. The idea is for the joint venture to hold the luxury hotels until they are sold and means Whitbread will receive an initial payment of euro 1 billion (.4 billion) from Marriott International on May 5. More than half would be
(AFX UK Focus) 2005-03-14 06:49 GMT: AFX UK at a glance share guide - 2 (Interactive Investor)
MARKETS FTSE 100 4,982.0 up 19.9 FTSE 250 7,266.60 up 35.2 DJIA 10,774.36 down 77.15 Nasdaq Comp 2,041.60 down 18.12 S&P 500 1,200.08 down 9.17 Gold 446.32 usd (441.05 usd) Oil - Brent Apr 53.10 usd (52.66 usd) BREAKING NEWS - WEEKEND * 'UK will run out of gas if cold snap returns' as manufacturers fear forced shutdowns, analysts warn prices will soar 30 pct - Sunday Telegraph * BRITISH AIRWAYS
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International Portfolio Management
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Free Teleseminar: Powerhouse Investor Presentations
Businesses that want to connect with VCs, Angel Investors, traditional bankers, and internal stakeholders are invited to attend the free "How to Bullet-Proof Investor Presentations" teleseminar from 9:00am to 10:00am PST Thursday, March 17, 2005. [PRWEB Mar 14, 2005]
Your Questions Answered - Can You Stretch a 401(k)?
A reader recently asked if his 401(k) could be rolled over, by his beneficiary, to a 'stretch' IRA after his death. Read on to discover an answer that will protect your beneficiaries from tens of thousands of dollars in unnecessary taxes and keep your gift to them alive for generations to come. “Guarding Your Wealth” is a nationally syndicated weekly personal finance column written by Jeffrey D. Voudrie, CFP. Mr. Voudrie is the President of Legacy Planning Group, a private wealth management firm that employs sophisticated proprietary strategies designed to protect and grow its clients' investments. Please visit our website, www.guardingyourwealth.com to read past articles in our archive. [PRWEB Mar 14, 2005]
Student Loan Rates to Increase 35% July 1 - Consolidating Now May Save Students Thousands of Dollars
On July 1, 2005, Federal Student loans rates will increase by 35-40%. Students who have graduated or are about to graduate need to act now to consolidate their loans to lock in the current interest rates which are the lowest in over 38 years. Rates are expected to increase by 1 1/2 % or more. Students with a debt of ,000 could pay as much as ,500 more over the life of their loans in a 20-year period. [PRWEB Mar 12, 2005]
Winners Bank200: The Gaming Industry is Banking on It
New patented invention helps gambling addicts save their winnings and possibly their marriage and family. Winners Bank200 is helping thousands of people to become responsible gamblers. [PRWEB Mar 12, 2005]
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