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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

On July 10, InterContinental Hotels Group announced it agreed to sell ownership interest in InterContinental Hong Kong to Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners, for $938 million. Supreme Key Limited expects to ...

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Update on Mandarin Oriental Credit Card Breach

Update on Mandarin Oriental Credit Card Breach

In March, Mandarin Oriental confirmed a malware attack on its credit card systems in a number of its hotels. After launching an investigation, the company now knows more about the incident and is notifying affected guests. In a press release, ...

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Hyatt to Bring Open-Source Learning to Colleagues, Communities

Hyatt to Bring Open-Source Learning to Colleagues, Communities

CHICAGO—Hyatt Hotels Corporation and Hyatt Hotels Foundation announced today that they are deepening their global commitment to empowering Hyatt colleagues and communities to reach their full potential. Hyatt is developing a new, multi-year partnership with Khan Academy, a non-profit organization ...

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IHG to Sell InterContinental Hong Kong for $938 million

IHG to Sell InterContinental Hong Kong for $938 million

InterContinental Hotels Group has agreed to sell IHG’s ownership interest in InterContinental Hong Kong to Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners, for a gross purchase price of $938 million. Supreme Key Limited ...

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