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Marathon Petroleum Corp. to buy Andeavor
for US$ 23 bn
Marriott Vacations Worldwide to acquire ILG
for US$ 4.7 bn
30 April - 05 May 2018
Prologis to acquire DCT Industrial Trust for US$ 8.4 bn
LG to acquires automotive lighting company ZKW Group
for $1.3 bn
T-Mobile and Sprint to combine in a US$ 26 bn deal
Boeing to acquire aerospace parts distributor KLX Inc.
for US$ 4.2 bn
Walmart to sell British Unit Asda to Sainsbury in
US$ 9.1 bn deal
T-Mobile US and Sprint Corporation announced they have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share.
The combined company will be named T-Mobile, and it will be a force for positive change in the U.S. wireless, video, and broadband industries. The combination of spectrum holdings, resulting network scale, and expected run rate cost synergies of $6+ billion, representing a net present value (NPV) of $43+ billion will supercharge T-Mobile’s Un-carrier strategy to disrupt the marketplace and lay the foundation for U.S. companies and innovators to lead in the 5G era.
The New T-Mobile will have the network capacity to rapidly create a nationwide 5G network with the breadth and depth needed to enable U.S. firms and entrepreneurs to continue to lead the world in the coming 5G era, as U.S. companies did in 4G. The new company will be able to light up a broad and deep 5G network faster than either company could separately. T-Mobile deployed nationwide LTE twice as fast as Verizon and three times faster than AT&T, and the combined company is positioned to do the same in 5G with deep spectrum assets and network capacity.
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Accenture has entered into an agreement to acquire Certus Solutions, one of the UK’s top Oracle Cloud implementation service providers. Certus Solutions will become part of Accenture’s Oracle practice, further strengthening its capabilities in delivering digital transformation on Oracle Cloud. The acquisition is subject to customary closing conditions. The terms of the deal were not disclosed.
Accenture and Certus Solutions have a track record of working together, including on one of the largest Oracle Cloud implementations for a UK government department to-date. As the number of organisations looking to move to the cloud grows, the acquisition of Certus Solutions will enable Accenture to broaden its Oracle Cloud services and support for clients.
Certus Solutions has extensive experience in the government and health and public services industries, in addition to clients in the financial services, logistics and telecommunications sectors. Together, Accenture and Certus Solutions will combine deep cloud experience, transformational expertise and industry knowledge to better serve clients on their journey to Oracle cloud.
Accenture to acquire Certus Solutions
SentryOne announced the acquisition of Pragmatic Works Software (PWS) the Jacksonville, FL based leader in solutions for developing, testing, documenting, and monitoring the Microsoft Data Platform. The addition of the PWS product suite gives SentryOne the most robust and comprehensive offering available for the Microsoft data professional, both on premises and in the cloud.
Through this acquisition, SentryOne will offer significantly broader coverage of database systems—from the beginning of the development cycle through production deployment and monitoring—and will provide scale to meet the demands of enterprise environments. SentryOne solutions now include powerful development capabilities for Microsoft SQL Server, SQL Server Analysis Services (SSAS), SQL Server Integration Services (SSIS), and SQL Server Reporting Services (SSRS), such as data and schema comparison and synchronization, package and report comparison, best practices analysis, and integration with Visual Studio and SQL Server Data Tools (SSDT). Unique features for data lineage tracking and unit testing round out the portfolio, enabling advanced scenarios for DevOps as well as GDPR.
SentryOne acquires Pragmatic Works Software
Cisco, announced its intent to acquire Accompany, a privately held company based in Los Altos, Calif. The company provides an AI-driven relationship intelligence platform for finding new prospects, navigating the selling process, and strengthening relationships. Accompany Founder and CEO Amy Chang will join Cisco as senior vice president in charge of the Collaboration Technology Group.
The acquisition of Accompany will enable Cisco to take collaboration to the next level with even more intelligence. Accompany's AI technology and talent will help Cisco accelerate priority areas across its collaboration portfolio, such as providing user and company profile data in Webex meetings. Together, Cisco and Accompany will continue to power the future of work in a smarter way to enhance customer experiences.
Cisco to acquire Accompany
Marathon Petroleum Corp. to buy Andeavor for
US$ 23 billion
Marathon Petroleum Corp., and Andeavor announced that they have entered into a definitive merger agreement under which MPC will acquire all of ANDV's outstanding shares, representing a total equity value of $23.3 billion and total enterprise value of $35.6 billion. The transaction was unanimously approved by the board of directors of both companies and is expected to close in the second half of 2018, subject to regulatory and other customary closing conditions, including approvals from both MPC and ANDV shareholders. The headquarters will be located in Findlay, Ohio, and the combined business will maintain an office in San Antonio, Texas.
"This transaction combines two strong, complementary companies to create a leading U.S. refining, marketing, and midstream company, building a platform that is well-positioned for long-term growth and shareholder value creation," said Gary R. Heminger, MPC chairman and chief executive officer. "Each of our operating segments are strengthened through this transaction, as it geographically diversifies our refining portfolio into attractive markets, increases access to advantaged feedstocks, enhances our midstream footprint in the Permian basin, and creates a nationwide retail and marketing portfolio that will substantially improve efficiencies and enhance our ability to serve customers.
At closing, Greg Goff, ANDV chairman and chief executive officer, will join MPC as executive vice chairman. As executive vice chairman and an executive of MPC following closing, Goff will provide leadership and be integrally involved in the strategy for the combined company. Goff, along with three other Andeavor directors, will also join the board of directors of Marathon Petroleum. "With significantly increased scale, a strong platform for our midstream businesses and a leading nationwide retail and marketing distribution portfolio, the combined company presents tremendous value enhancement and growth opportunities for all shareholders," said Goff. "This strategic combination provides our shareholders with a premium for their shares and the opportunity to benefit from substantial future value creation at MPC. As the largest refiner by capacity in the U.S., with a best-in-class operating capability and a strong capital structure, the combined company will be exceptionally well-positioned to deliver on its synergy and earnings targets. We look forward to working together to deliver on the full potential of this powerful combination."
Heminger and Goff added that MPC and ANDV are not only complementary from operational and financial standpoints, but also share similar core values. They said that both MPC and ANDV have been committed to safety, environmental stewardship, and community involvement. Together, the alignment on these values will enable the combined company to remain an excellent corporate citizen wherever it has the privilege to operate, they added.
EDF Group commissions its first renewable energy facility in UAE
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, accompanied by His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), the EDF Group’s Chairman & Chief Executive Officer, in the presence of His Excellency Ludovic Pouille, inaugurated 200 MW of solar capacity in the Emirate of Dubai
This plant is the first unit of the 800-MW Dewa III facility in which EDF acquired a stake along with Masdar and the Dubai Electricity & Water Authority (DEWA). DEWA III is the third phase of one of the world’s most powerful solar projects – the Mohammed bin Rashid Al Maktoum solar park.
Amounting to a total investment of 14 billion US dollars (50 billion AED), the solar park will have a total installed capacity of 5000 MW, creating more than 1000 jobs during its development phase and cutting down on CO2 emissions by up to 6.5 million tons a year once it is fully operational in 2030.
The DEWA III project had been awarded at a highly competitive price of 2.99 US cents per kilowatt-hour for the generation of solar power. The currently installed 200 MW of generating capacity will be followed by the consecutive commissioning of two 300-MW units in 2019 and 2020. The facility will thus be used to power Dubai’s World Expo in 2020, according to the Dubai Clean Energy Strategy 2050, to increase the share of clean energy in Dubai, with a total power output to 75% by 2050.
Larsen & Toubro, India’s leading engineering, technology and construction conglomerate signed, subject to regulatory approvals, definitive agreements with Schneider Electric, a global player in energy management and automation for strategic divestment of its Electrical and Automation (E&A) business for an all-cash consideration of ₹ 14,000 crore.
L&T’s E&A business offers a wide range of low and medium voltage switchgear, electrical systems, marine switchgear, industrial and building automation solutions, energy management systems and metering solutions. Its manufacturing facilities are located at Navi Mumbai, Ahmednagar, Vadodara, Coimbatore and Mysore in India as well as in Saudi Arabia, UAE (Jebel Ali, Dubai), Kuwait, Malaysia, Indonesia, and the UK. Over the years, the E&A business has built strong research and development capabilities and has a wide network of channel partners across India and international markets.
L&T sell its electrical & automation business to Schneider Electric
for $2.1 billion
The Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG's largest acquisition to date. Under the terms of the transaction, LG Electronics will acquire a 70 percent stake in ZKW Group with parent company LG Corp. purchasing the remaining 30 percent.
The strategic merger is expected to result in synergies that allow the combined companies to lead the global lighting sector in autonomous vehicle components. Headquartered in the Lower Austrian town of Wieselburg, ZKW Group is a high-tech leader in automotive lighting systems with a presence in markets throughout Europe in addition to China, Mexico and the United States.
ZKW's lighting business, which has focused on premium vehicle components and related accessories, will have a much greater market presence through LG's extensive global sales network. As the industry transitions from traditional halogens to LEDs and lasers, ZKW sees itself in the enviable position of being only one of the first companies1 worldwide that produces matrix LED headlamps and laser headlights. An industry innovator throughout its history, ZKW Group was an early investor in laser headlights. LG and ZKW will focus on developing intelligent lighting solutions that display high-resolution information and warnings on roads collected from sensors, including autonomous driving cameras and automotive communications
ZKW Group will continue to be managed by the current team led by CEO Oliver Schubert, who will be responsible for all operations around the world which includes more than 9,000 employees. LG is committed to maintaining ZKW's autonomy and workplace culture. In particular, production in Austriawill remain unchanged for at least five years.
LG to acquires automotive lighting company ZKW Group for $1.3 billion
Grupo Simec to acquire Steel Products Plants of Cariacica and Itauna, both in Brazil
Grupo Simec, S.A.B de C.V., (Simec) reports that it has entered to a contract with Arcelor Mittal Brasil, S.A. for the acquisitions of the steel products plants of Cariacica and Itauna, both in Brazil and for steel wire drawn equipment for the production of wires and derivatives.
The production capacity of Cariacica plant is 600,000 mt/year of liquid steel and 450,000 mt/year of rolled steel products. This plant has more than 500 employees and produces light structural rods and profiles. The factory is located in the city of Cariacica, next to the city of Victoria, in Espirito Santo State, on a land of more than 1,200,000 m2.
The production capacity of Itauna plant is 120,000 mt/year of rolled steel products, being able to produce light structural profiles and rods. This plant has 94 employees and it is located in the city of Itauna of Minas Gerais State, less 100 kilometers away from the city of Belo Horizonte. Currently, the Itauna plant is leased, which will expire on August 2020.
Prologis to acquire DCT Industrial Trust for
US$ 8.4 billion
Prologis, Inc. and DCT Industrial Trust Inc. announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire DCT for $8.4 billion in a stock-for-stock transaction, including the assumption of debt. The boards of directors of both companies have unanimously approved the transaction.
The 71 million square foot operating portfolio deepens Prologis' presence in high-growth markets including Southern California, the San Francisco Bay Area, New York/New Jersey, Seattle and South Florida. The acquisition also includes:
7.1 million square feet of development, redevelopment and value-added projects
195 acres of land in pre-development, predominantly in Seattle, Atlanta, South Florida and Southern California with build-out potential of over 2.9 million square feet
215 acres of land under contract or option, predominately in New York/New Jersey, Southern California, Northern California and Chicago, with a build-out potential of over 3.3 million square feet
"This transaction underscores the exceptional quality of DCT's portfolio, platform and customer relationships, which our talented team has worked hard to create," said DCT Industrial president and chief executive officer Philip L. Hawkins. "Our shared commitment to quality, exceeding expectations and enhancing customer experience makes this a perfect combination."
"DCT's team is as good as it gets, and we expect a number to join us to help manage the portfolio, execute on capital deployment activities and make long-term contributions to the Prologis platform," said Prologis chief executive officer for the Americas Eugene F. Reilly. "This deal also diversifies our customer roster through the addition of some 500 new relationships."
Boeing to acquire aerospace parts distributor KLX Inc
for US$ 4.2 billion
Boeing announced it has entered a definitive agreement to acquire KLX Inc. to enhance its growing services business. The agreement comprises an all-cash transaction for $4.25 billion.
Boeing's acquisition of KLX Inc. will include KLX Inc.'s Aerospace Solutions Group, and is conditional upon the successful divestment and separation of KLX Inc.'s Energy Services Group.
KLX Inc. is a major independent provider of aviation parts and services in the aerospace industry. Its capabilities include global parts distribution and supply chain services for aerospace and defense industries worldwide. KLX Inc. will be part of Boeing Global Services and fully integrated with Aviall.
KLX Inc. is also a leading supplier of chemical composites, with this combination broadening the scope of what Aviall can offer to customers in this space.
Spirit AeroSystems to acquire EU-based supplier Asco Industries for $650 million
Spirit AeroSystems Holdings, Inc. announced a definitive agreement to acquire S.R.I.F. N.V., the parent company of Asco Industries, N.V. (Asco), for $650 million in cash, subject to customary closing adjustments, including foreign currency adjustments. Asco is a leading supplier of high lift wing structures, mechanical assemblies and major functional components to major OEMs and Tier-1 suppliers in the global commercial aerospace and military markets. Spirit expects to finance the acquisition through new debt.
"Asco is a compelling fit for Spirit that aligns extremely well with the strategic priorities we have been communicating. Specifically, it expands our Airbus content on A320 and A350 wings, adds new defense content on the F-35 and broadens our commercial capabilities to help grow our fabrication business," said Spirit President and CEO Tom Gentile. "We are pleased to acquire a business of this scale that has such an outstanding reputation with its customers dating back to 1954 and a strong management team led by CEO Christian Boas, who will remain with the business following the closing."
IFC Invests in Mandaê to support the growth of Parcel Logistics Sector in Brazil
IFC, a member of the World Bank Group, announced an investment in Mandaê, a technology company providing high-quality and efficient parcel shipment service for small- and medium-sized e-commerce enterprises in Brazil. IFC’s investment in Mandaê will help the parcel logistics sector in Brazil to grow and gain more efficiency.
IFC is leading a Series B investment round in Mandaê, along with other investors. Other participants include UPS Strategic Enterprise Fund, Mercado Libre Fund, Tekton Ventures, FJ Labs, and existing investors Performa Investimentos, Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Monashees, and Icon Holding Company. Total investment in the Series B round is of US$ 7.1 million.
Brazil has one of the largest e-commerce markets in Latin America, representing approximately 5% of the country’s retail sales. However, there remain opportunities for growth to reach levels observed in developed markets where some countries register e-commerce penetration rates of 10-12% of total retail sales. To facilitate this growth, small- and medium-sized ecommerce companies need access to more affordable and efficient shipping options to support the robust consumer demand.
United Therapeutics to acquire SteadyMed Ltd.
United Therapeutics Corporation and SteadyMed Ltd. announced the signing of a definitive merger agreement under which United Therapeutics will acquire SteadyMed for $4.46 per share.
SteadyMed is a specialty pharmaceutical company focused on the development and commercialization of drug product candidates to treat orphan and high-value diseases with unmet parenteral delivery needs. SteadyMed's product portfolio includes Trevyent, a development-stage drug-device combination product that combines SteadyMed's two day, single use, disposable PatchPump technology with treprostinil, a vasodilatory prostacyclin analogue, for the subcutaneous treatment of pulmonary arterial hypertension (PAH). United Therapeutics is a leading biotechnology company focused on the development and commercialization of therapies for the treatment of PAH and other orphan diseases.
The Board of Directors of SteadyMed has unanimously approved the merger agreement and unanimously recommends that SteadyMed shareholders adopt the merger agreement. SteadyMed shareholders owning approximately 43.3 percent of the ordinary shares of SteadyMed have entered into an agreement to vote their shares in favor of the transaction.
The transaction is subject to customary closing conditions, including approval by SteadyMed's shareholders and the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to be completed in the third quarter of this year.
WuXi Biologics will invest $392 million to build largest Biomanufacturing facility
An Taoiseach Leo Varadkar, Prime Minister of Ireland announced that WuXi Biologics, a Hong Kong-listed global open-access biologics technology platform company, is to invest €325 million and create 400 new jobs over five years in a new biologics drug substance manufacturing facility on the Industrial Development Authority's (IDA) greenfield site in Mullagharlin, Dundalk, Co. Louth.
Headquartered in Wuxi city, Jiangsu province, China, WuXi Biologics is a leading global platform company providing end-to-end solutions for biologics with a mission to accelerate and transform biologics discovery, development and manufacturing to benefit patients around the world.
This state-of-the-art "facility of the future" will be built upon the novel approach WuXi Biologics has pioneered deploying multiple single-use bioreactors for commercial biomanufacturing and is also designed to be able to run continuous bioprocessing, a next generation manufacturing technology to be first implemented globally in this campus. A total of 48,000 L fed-batch and 6,000 L perfusion bioreactor capacity will be installed, representing the world's largest facility using single-use bioreactors.
The manufacturing project in a 26-hectare campus, the company's first site outside of China, is supported by the Irish Government through IDA Ireland.
ATL Technology & Biomerics to acquires Catheter
Biomerics and ATL Technology, in a joint venture, announced that they have entered into an agreement under which together they will acquire Catheter Research Inc. (CRI)'s assets in the Indianapolis and Costa Rica divisions.
CRI is a manufacturer of interventional catheters, tube sets, and other assemblies for medical devices with expertise in tube extrusion, catheter assembly and final FDA product packaging for sterilization. CRI services OEM customers as well as sell their own catheter line under the brand Thomas Medical.
"Through the addition of CRI, we are in a position to serve the medical device industry at an even higher level," stated Brad Brown, CEO at ATL. "This expansion of our global network offers numerous benefits to both national and international OEMs. Now, combining ATLs connector know-how with CRI's catheter capabilities, we will make optimal use of our expertise and specialties relating to catheters and custom engineering in delivering a best-in-class product."
"This acquisition is consistent with Biomerics' overall strategy to expand and invest in additional production and engineering capabilities to develop a global competitive advantage," said Travis Sessions, CEO, Biomerics. "CRI's products and technology complement our current portfolio in the medical space and will broaden our product offering for suppliers around the world."
CRI has manufacturing both domestically (Indianapolis, IN) and internationally (Costa Rica). The employees at these locations will be working closely with teams from ATL and Biomerics throughout the integration process and as they work to expand the Costa Rica operation.
Avery Dennison to expand Medical Product Manufacturing Capabilities in Longford Ireland
Avery Dennison Corporation, a global materials science and manufacturing company, announced plans to expand its medical product manufacturing operations in Longford, Ireland, increasing the Finesse Medical Ltd., facility’s end-to-end medical device manufacturing capacity and capabilities for its customers.
Avery Dennison’s Industrial and Healthcare Materials business unit serves customers globally in the development, manufacture and conversion of pressure-sensitive adhesives for medical applications through its Vancive Medical Technologies and Finesse Medical Ltd. businesses.
Project construction is targeted to begin in September 2018, with an expected completion by mid-year 2019. The 6,000 square-meter facility expansion will include a new clean room, integrated converting and manufacturing capabilities. Avery Dennison’s newly expanded facility will enable the company to serve its customers more efficiently with an enhanced array of products and services, and collaborate more effectively with medical OEMs in the development of product innovations.
The project is supported by the Irish Government through IDA Ireland. Avery Dennison expects the capacity expansion to increase employment at the Longford operations over a four-year period.
Nestlé Purina PetCare has acquired a majority stake in Tails.com, a direct-to-consumer, tailor-made dog nutrition business based in the UK. With the rapid growth of personalised pet nutrition, as well as subscription services, Nestlé Purina’s shareholding in this digital first business offers significant growth opportunities for both companies.
Launched in 2014, Tails.com has brought tailored dog nutrition to consumers at competitive prices. The company was early to identify changes in the way consumers want to shop and care for their pets, and married digital technology, food innovation and new manufacturing techniques to provide food individually tailored according to factors such as a dog’s age, breed, size and level of activity. Powered by a proprietary nutritional algorithm developed by vets, nutritionists and software engineers, the company now feeds more than 100,000 dogs in the UK. Tails.com customers also benefit from a convenient subscription service with home delivery, as well as access to an in-house nutrition support team.
Tails.com will continue to operate as a stand-alone entity, with co-founder and CEO James Davidson at the helm. The current management team and employees will remain shareholders and continue to run the business from its base in Richmond, West London. Both companies have a mutual desire to help make pets and their owners’ lives better, with Purina’s extensive pet nutrition expertise, industry leading research and new technologies complementing Tails.com’s own existing capabilities.
Nestlé Purina PetCare has acquired a majority stake in Tails.com
Walmart Inc. and J Sainsbury plc announce the combination of Sainsbury’s and Asda Group Limited ("Asda"), Walmart’s wholly owned UK retail subsidiary (the "Combined Business"). At a time of significant and rapid change in the retail sector, the Combination will create one of the UK’s leading grocery, general merchandise and clothing retail groups. Bringing together two distinctive customer propositions will create a more competitive, adaptable and resilient business - better placed to invest in price, quality, range and more flexible ways for customers to shop.
Under the terms of the Combination, which is subject to various approvals, including from the Competition and Markets Authority, Walmart would hold 42 percent of the share capital of the Combined Business. Walmart would receive approximately £2.975 billion in cash, subject to customary closing adjustments, valuing Asda at approximately £7.3 billion on a debt-free, cash-free and pension-free basis.
Walmart is embracing technology and thinking differently to serve customers and drive growth. That includes developing partnerships like this one to unlock value for shareholders and customers in the UK.
As a strategic long-term partner, Walmart will share its global retail network and knowledge. The Combined Business will have enhanced capabilities and a strengthened balance sheet to help deliver value and opportunities for customers, colleagues, suppliers and shareholders of both businesses.
Walmart to sell British Unit Asda to Sainsbury in
US$ 9.1 billion deal
Marriott Vacations Worldwide to acquire ILG for US$ 4.7 billion
Marriott Vacations Worldwide Corporation and ILG announced that they have entered into a definitive agreement under which MVW will acquire all of the outstanding shares of ILG in a cash and stock transaction with an implied equity value of approximately $4.7 billion.
ILG is a leading provider of premier vacation experiences with over 40 properties and over 250,000 owners in its Vistana Signature Experiences and Hyatt Vacation Ownership portfolios, as well as exchange networks that comprise nearly two million members and over 3,200 resorts worldwide. As a combined entity, MVW and ILG will be a leader in the vacation experiences industry with significant scale, an expanded presence in key leisure destinations, the largest portfolio of upper-upscale and luxury brands in the industry and world-class exchange networks.
The combined company will be the global licensee of seven upper-upscale and luxury vacation brands, including Marriott Vacation Club, Grand Residences by Marriott, Ritz-Carlton Destination Club, Sheraton Vacation Club, Westin Vacation Club, St. Regis Residence Club, and Hyatt Residence Club. It will also have exclusive access for vacation ownership to the Marriott Rewards, Starwood Preferred Guest and Ritz-Carlton Rewards loyalty programs for its six Marriott vacation ownership brands. With respect to its Hyatt business, the combined company will have rights to develop, market and sell under the Hyatt Vacation Ownership programs, including access to the almost 10 million members of the World of Hyatt loyalty platform.
IHG to open a dual-branded Hotel Indigo and Holiday Inn in the heart of Melbourne
IHG will open its first Australian dual-branded hotel by 2022 with the signing of Hotel Indigo Melbourne Little Collins and Holiday Inn Melbourne Bourke Street Mall, in the heart of the CBD.
Currently trading as The Walk Arcade, the site is arguably Melbourne CBD’s most strategic retail destination and will allow the hotels to form a symbiotic relationship and capitalise on Melbourne’s booming corporate and leisure demand. The property will front onto Bourke Street Mall on one side and Little Collins St on the other, allowing Holiday Inn to make the most of the pedestrianised retail haven and Hotel Indigo to bring the edgy laneway neighbourhood to life.
The $200 million mixed-use development will include international retail flagship stores and a combined 453-room hotel (181 in Hotel Indigo and 272 in Holiday Inn), which will feature F&B outlets, a gym, meeting spaces and a unique and distinct guest lobby and room experience for each brand. The overall development will enjoy shared back-of-house services and facilities that create common-sense efficiencies.
IHG to open design-led Holiday Inn in Melbourne’s Coburg
IHG has signed a deal with Barnes Capital to open a striking Holiday
Inn in Coburg, Melbourne’s up-and-coming northern suburb, in 2020.
When it opens in 2020, Holiday Inn Melbourne Coburg will enjoy views across the town and its surrounding landscape, including Coburg Lake Reserve. It will feature a gym and large meeting facilities, as well as a bar and all-day dining, establishing it as the destination to sip, dine and unwind.
The 150-room new-build hotel will show off a bold, new design statement for Holiday Inn, created by architects Hachem, with its mirrored glass design destined to become a landmark in the heart of Coburg.
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Little Projects for a Hyatt Centric hotel in Melbourne, Australia. Hyatt Centric Melbourne will boast a prime location on Downie Street, providing a launch pad for guests looking to explore everything Melbourne has to offer. The hotel will also join 20 Hyatt Centric brand hotels worldwide and soon-to-open hotels in Santiago, Chile and Lima, Peru.
Located minutes from the city’s Docklands and Southbank precincts, home to key entertainment and sporting venues, guests will also be in close proximity to the Melbourne Convention & Exhibition Center and the Crown Entertainment Complex. The expansions and continued development of the Melbourne Convention & Exhibition Center, Etihad Stadium, and the Docklands office precincts are expected to further attract local and international travelers alike.
Slated to open in 2020, the hotel will feature 280 guestrooms and suites, a restaurant infused with locally inspired fare and a rooftop bar fit for celebration, featuring hand-crafted signature cocktails and spectacular views of Melbourne’s Yarra River and Southbank.
Hyatt announces plans for Hyatt Centric Melbourne
Grand Hyatt Kochi Bolgatty opens in Kerala, India
Hyatt Hotels Corporation announced the opening of Grand Hyatt Kochi Bolgatty, the third Grand Hyatt branded hotel in India. The 264-room luxury hotel is a waterfront urban resort situated in Kochi in the south Indian state of Kerala, known for its palm-lined beaches, backwaters and historic Spice Route in India. With its striking architecture, dramatic landscapes, opulent guestrooms and suites, dining destinations, and one of the largest event spaces in South India, Grand Hyatt Kochi Bolgatty is expected to be an iconic destination for impressive views, unforgettable experiences and grand events in the city.
Designed by architects from Wimberly Allison Tong and Goo UK Limited, Grand Hyatt Kochi Bolgatty is located near the historic and picturesque town of Fort Kochi. The resort is owned by Lulu Group International and is adjacent to the sprawling Lulu Bolgatty International Convention Center, the largest in South India.
Together, the hotel and convention center offer an abundance of authentic experiences for guests, helping them create moments of more through several offerings, including:
Marriott International debuts eco-conscious Element Brand
in the Middle East
Marriott International announced the debut of Element Hotels in the Middle East and Africa with the opening of Element Me'aisam in Dubai (United Arab Emirates). Owned and developed by Dubai Properties, Element Me'aisam presents a fresh, appealing concept for short and long stays in the city with its eco-conscious ethos and innovative programming.
"A recognized industry leader in the eco-space, Element promotes a life in balance with its emphasis on wellness and sustainability and we are excited to debut the brand in a city like Dubai where sustainability remains a key focus across all sectors," said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International. "With the debut of Element, the United Arab Emirates is now home to 16 of our brands across more than 50 hotels."
Designed for today's healthy, active traveller, Element continues to redefine the longer stay experience with its nature-inspired design philosophy that is clean, modern and bright. Certified as a LEED related building, Element Me'aisam was built green from the ground up and adopts natural light, open spaces and healthier lifestyle options.
The property features 168 light-filled studios and one-bedroom suites with a fluid design, fully-equipped kitchens, spa-inspired bathrooms and signature Heavenly® Beds. Rooms at Element Me'aisam are equipped with SPG Keyless, the industry's first truly mobile check-in system where guests can utilise their mobile phones as room keys
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