Morgan Stanley Real Estate is set to acquire real estate investment trust CNL Hotels & Resorts (CHR) for US$6.6bn (£3.3bn, 5bn euro).
Under the terms of the agreement, CNL will sell another 51 properties to Ashford Hospitality Trust for US$2.4bn (£1.2bn, 1.8bn euro) immediately before the Morgan Stanley transaction.
Morgan Stanley’s portfolio will comprise three properties from the Hilton’s Waldorf–Astoria collection -– The Grand Wailea Resort Hotel & Spa in Hawaii, The La Quinta Resort & Club in California and The Arizona Biltmore Resort & Spa in Arizona -– as well as three JW Marriott resorts and The Claremont Resort & Spa in California.
Morgan Stanley will pay CHR’s shareholders US$20.50 (£10.40, 15.80 euro) per share.
The transaction is expected to close in the second quarter of 2007. Details: www.cnlhotels.com
Morgan Stanley Real Estate is set to acquire real estate investment trust CNL Hotels & Resorts (CHR) for US$6.6bn (£3.3bn, 5bn euro).
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
Collaborations with the medical profession and greater aspirations around wellbeing are creating a need for more experts in our sector. It’s time to reboot our thinking around the workforce
For every member with a tripod and a big following, there are others irritated at the way equipment is being hogged or wary they’ll be in the background on someone’s Insta feed. Do influencers offer valuable, free marketing or are they just a nuisance? Kath Hudson finds out how operators are responding
Celebrating its milestone 5th anniversary, W3Fit EMEA returns in 2026 with an unmissable
gathering of the Health & Fitness industry’s most influential leaders.
CoverMe, the global leader in fitness workforce management, today launches CoverMe PT, an
on-demand personal training platform that connects the right personal trainer to the right
client in under 10 seconds.
UK Active has announced the next phase of its Digital Futures programme, supporting organisations
across the physical activity sector to develop their digital capability.
The Fitness Group, the UK's leading fitness education training provider, has announced a
strategic partnership with Serco Leisure, one of the UK's leading national operators of
leisure centres, destination venues and elite sporting facilities.
Morgan Stanley Real Estate is set to acquire real estate investment trust CNL Hotels & Resorts (CHR) for US$6.6bn (£3.3bn, 5bn euro).
Under the terms of the agreement, CNL will sell another 51 properties to Ashford Hospitality Trust for US$2.4bn (£1.2bn, 1.8bn euro) immediately before the Morgan Stanley transaction.
Morgan Stanley’s portfolio will comprise three properties from the Hilton’s Waldorf–Astoria collection -– The Grand Wailea Resort Hotel & Spa in Hawaii, The La Quinta Resort & Club in California and The Arizona Biltmore Resort & Spa in Arizona -– as well as three JW Marriott resorts and The Claremont Resort & Spa in California.
Morgan Stanley will pay CHR’s shareholders US$20.50 (£10.40, 15.80 euro) per share.
The transaction is expected to close in the second quarter of 2007. Details: www.cnlhotels.com
Morgan Stanley Real Estate is set to acquire real estate investment trust CNL Hotels & Resorts (CHR) for US$6.6bn (£3.3bn, 5bn euro).
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
Collaborations with the medical profession and greater aspirations around wellbeing are creating a need for more experts in our sector. It’s time to reboot our thinking around the workforce
For every member with a tripod and a big following, there are others irritated at the way equipment is being hogged or wary they’ll be in the background on someone’s Insta feed. Do influencers offer valuable, free marketing or are they just a nuisance? Kath Hudson finds out how operators are responding
As the entrepreneur who started Wexer, Fresh Fitness, Fitness DK and Repeat, as well as being a former elite athlete, Rasmus Ingerslev’s life looked perfect from the outside, but onthe inside it was a different story. He talks to Kath Hudson about healing old wounds
Strength training is evolving,
driven by changing consumer
preferences. Julie Cramer talks
to innovators about how their
products are meeting this demand
Record market penetration in the UK
fitness sector masks a deeper shift
around consumer engagement, according
to a report from Grant Thornton and
UK Active, as Liz Terry reports
Celebrating its milestone 5th anniversary, W3Fit EMEA returns in 2026 with an unmissable
gathering of the Health & Fitness industry’s most influential leaders.
CoverMe, the global leader in fitness workforce management, today launches CoverMe PT, an
on-demand personal training platform that connects the right personal trainer to the right
client in under 10 seconds.
UK Active has announced the next phase of its Digital Futures programme, supporting organisations
across the physical activity sector to develop their digital capability.
The Fitness Group, the UK's leading fitness education training provider, has announced a
strategic partnership with Serco Leisure, one of the UK's leading national operators of
leisure centres, destination venues and elite sporting facilities.