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).
Speaking on the LIFTS podcast recently, Xponential Fitness CEO Anthony Geisler said participation in studio cycling is down globally. Kath Hudson decided to investigate
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of
innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of
excellence.
Complaints about group exercise have become a thing of the past for the Reynolds Group
thanks to its partnership with CoverMe, a digital platform that simplifies group exercise
and PT management for clubs and instructors.
A charity dedicated to narrowing the gender and ethnic diversity gap in physical activity
has launched a community wellbeing space aimed at extending the lives of people with some of
the UK’s poorest health outcomes.
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).
Speaking on the LIFTS podcast recently, Xponential Fitness CEO Anthony Geisler said participation in studio cycling is down globally. Kath Hudson decided to investigate
The European fitness sector is beating pre-pandemic numbers according to the 11th annual European Health & Fitness Market Report 2024 from Deloitte and EuropeActive, as Karsten Hollasch reports
Consumers’ growing love of strength training is to be welcomed, as this long-neglected modality has a renaissance, however, it’s vital we continue to make the case for cardio
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of
innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of
excellence.
Complaints about group exercise have become a thing of the past for the Reynolds Group
thanks to its partnership with CoverMe, a digital platform that simplifies group exercise
and PT management for clubs and instructors.
A charity dedicated to narrowing the gender and ethnic diversity gap in physical activity
has launched a community wellbeing space aimed at extending the lives of people with some of
the UK’s poorest health outcomes.