Showing posts with label Luxury Hotel. Show all posts
Showing posts with label Luxury Hotel. Show all posts

Monday, January 27, 2014

Nobu Hotel to open at City of Dreams Manila


MANILA, Philippines - Macau casino giant Melco Crown Entertainment Ltd. announced on Monday that Nobu Hotel will be the second major hotel brand at the casino it is building in Pagcor City.

The luxury hotel chain will be located at the City of Dreams Manila, an integrated casino, resort, hotel, retail and entertainment resort that is slated to open in mid-2014. Hollywood chef Nobu Matsuhisa and acting legend Robert de Niro are among the investors behind Nobu restaurants and hotels.

Nobu Hotel follows Crown Towers Hotel at the City of Dreams Manila. The 260-room Crown Towers hotel will cater to high-end VIP and premium mass market segments in Manila.

City of Dreams Manila is being developed and operated by Melco Crown, in alliance with the SM group's Belle Corp.

At present, there are Nobu Hotels in Riyadh and Las Vegas, with plans to open in Bahrain and London. - With ANC

source: www.abs-cbnnews.com

Tuesday, October 2, 2012

Ayala buys Saudi firm's stake in Makati hotel

MANILA, Philippines - An Ayala Land Inc. (ALI) subsidiary bought the stake owned by a Saudi Arabian conglomerate in the luxury Fairmont Hotel and Raffles Suites and Residences project in Makati City.

In a disclosure to the stock exchange, ALI said AyalaLand Hotels and Resorts Corp. acquired the interests of Kingdom Hotel Investments (KHI) in the luxury project for $24.11 million (around P1 billion).

KHI is a subsidiary of Saudi Arabian conglomerate Kingdom Holding Company (KHC), which is chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud.

"The acquisition is in line with the company's thrust to grow its commercial leasing business," the property developer said.

The acquisition will add 32 Raffles suites and 280 Fairmont Hotel rooms to AHRC's hotel portfolio.

ALI said the continuing sale of units in the Raffles Residences will generate immediate cash. The operations of the hotel and serviced apartments will add to its recurring revenues.

The Fairmont Hotel, located at 1 Raffles Drive, Makati Avenue, is expected to open in December.

source: abs-cbnnews.com

Friday, February 17, 2012

Kim's eldest son in financial trouble in Macau: report

MOSCOW -- The eldest son of North Korea's late leader Kim Jong-Il is having financial problems after being cut off by the Stalinist state for doubting his country's succession policy, a Moscow newspaper said Friday.

The Argumenty i Fakty weekly said in its Internet addition that Kim Jong-Nam was recently kicked out of a luxury hotel in the Chinese gambling mecca of Macau over a $15,000 debt.

It cited Macau administration sources as saying that the eldest Kim -- seen as the likely successor until being caught entering Japan on a fake passport in 2001 -- had lived a luxurious lifestyle that included gambling and dinners at exclusive restaurants.

But a source at the prestigious Grand Lapa Hotel that Jong-Nam reportedly frequented told the paper that the eldest Kim was recently expelled from his 17th-floor room because of a cancelled credit card.

"He gave us his Visa Gold card but it ended up having no money" on the account, the mass-circulated paper quoted an unnamed source at the hotel as saying.

Argumenty i Fakty speculated that Jong-Nam's latest problems began when he told Japan's Tokyo Shimbun newspaper in January that his father had been opposed to a third-generation succession.

"(Heredity succession) does not fit socialism and my father was against it," he was quoted as saying at the time.

The late Kim handed over power to 40-year-old Jong-Nam's younger half-brother Kim Jong-Un upon his death in December.

"It looks like the Politburo has decided to punish the 'Communist playboy' and stopped sending him money," Argumenty i Fakty quoted The Macau Post Daily director Harald Bruning as saying.

The weekly cited an unnamed Macau administration as saying that the local authorities were generally nervous about the eldest son's presence in the region.

"Who knows what might happen to him. What if there is an assassination attempt against him, a blast or a contract killing? We do not need problems."

The same official said Jong-Nam's luxury apartment that he rented for his wife was paid for by the Chinese secret service while his spending money came primarily from North Korea.

source: interaksyon.com