It comes as no surprise that Donald Trump’s latest Caribbean venture happens to be one of the largest in the region. Mr. Trump already has his name on the golf course and casino at the high-end Raffles Resort in the Grenadines, but the Cap Cana project in the Dominican Republic will go beyond putting and roulette.
Top stockholders from Occidental Hotels -Cartera Hotelera and La Caixa- have formally accepted a £706 million bid made by BBVA and Pontegadea for the purchase of the hotel chain, Spain’s National Stock Exchange Commission (CNMV is the Spanish acronym) reported.
The board of directors for Four Seasons Hotels & Resorts has unanimously approved a $3.8 billion bid from Cascade Investment, a company owned in part by Microsoft co-founder Bill Gates, and Kingdom Hotels International to acquire control of the luxury chain.
Accor signed a $921 million agreement to sell a portfolio of 30 hotels in the U.K. that are operated under its Ibis and Novotel brands to Land Securities, a London-based company which owns and manages properties in England, Scotland and Northern Ireland.
The stock market showed tentative signs of recovery yesterday, recouping some of its losses after suffering its steepest drop in nearly four years on Tuesday.
American Airlines parent AMR might be a buyout target of a group including Goldman Sachs and British Airways, according to the February 26 edition of BusinessWeek magazine.




