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Saturday, November 21, 2009 1:39 PM

Swissôtel

Type: Company
Name: Swissôtel
First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents (in Market News)
CEO positive with acquisition of SwissotelKUALA LUMPUR: TA Enterprise Bhd expects earnings from its hotel operations to triple next year following the completion this month of the acquisition of its fourth hotel, the Swissotel Merchant Court Singapor ... [thestar.com.my - 11/19/2009]
First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents (in Internet & IT)
FINANCIAL services and property development group TA Enterprise Bhd (TAE) (4898) expects to acquire another hotel by next month, said its group managing director and chief executive officer Datin Alicia Tiah.The planned acquisition comes on the heels ... [Business Times Malaysia - 11/19/2009]
First Reported 10/29/2009 - Updated 10/30/2009 - 3 Documents
Swissôtel to Open Swissôtel Makkah in Saudi ArabiaIts First Hotel in the Middle East:30 October 2009, ZURICH – Construction is under way on Swissôtel Hotels & Resorts’ first hotel in the Middle East: Swissôtel Makkah in Saudi Arabia. The international ... [HotelExecutive.com - 10/30/2009]
First Reported 10/28/2009 - Updated 10/29/2009 - 3 Documents
Breaking newsThe full details of the prizes available this week in Tallinn have just been released. From the starting field of 307, 32 players will be paid. The top nine will get the following:1 - €76,750 (1,197,300 EEK)2 - €48,505 (756,693 EEK)3 - €30 ... [Mirror.co.uk - 10/29/2009]
First Reported 10/29/2009 - Updated 10/29/2009 - 1 Documents
Swissotel Hotels & Resorts has announced it expects its first hotel in the Middle East, Swissotel Makkah in Saudi Arabia to open in January 2011. The new hotel is going to have 1571 guest rooms, including 88 suites, spread over 53 floors, with half of ... [AME Info - 10/29/2009]
First Reported 10/29/2009 - Updated 10/29/2009 - 1 Documents
SINGAPORE: The inaugural Singapore Experience Awards will recognise excellent product and service delivery for customers. The 28 awards will replace three annual awards organised by the Singapore Tourism Board.Theresa Shui, a 21-year-old concierge at ... [InSing.com - 10/29/2009]
First Reported 10/26/2009 - Updated 10/26/2009 - 1 Documents
After 52,000 votes and 2,800 nominations, Swissôtel Sydney has been awarded the HotelClub Awards premier accolade of Top 3 Hotels in Australia, New Zealand and Pacific Islands at the 4th HotelClub Hotel Awards ceremony held recently in Sydney. Swissôtel ... [e-Travel Blackboard - 10/26/2009]
First Reported 10/27/2009 - Updated 10/27/2009 - 1 Documents
Construction is under way on Swissôtel Hotels & Resorts’ first hotel in the Middle East: Swissôtel Makkah in Saudi Arabia. The international hotel chain expects the hotel to open in January 2011.The new Swissôtel Makkah is going to have 1571 guest rooms, ... [BreakingTravelNews - 10/27/2009]
First Reported 10/27/2009 - Updated 10/27/2009 - 1 Documents
Summary: Experience and variety are the noticeable attributes in this year’s speaker line-up at the Sales and Marketing in Travel Asia-Pacific Conference to be held from November 18 to 19 at the Swissotel Sydney.Tags: EyeForTravel SalesMarketing ... [Travel Weekly Web - 10/27/2009]
First Reported 10/29/2009 - Updated 10/29/2009 - 1 Documents
Swissôtel has signed a 10-year management contract with Bengal Ambuja Housing Development Limited Pvt. Ltd. (BAHDL), part of the Ambuja Realty Group in India, for a Swissôtel in Kolkata. The hotel is scheduled to open early 2010.The upcoming five-star ... [Asia Travel Tips - 10/29/2009]
First Reported 10/29/2009 - Updated 10/29/2009 - 1 Documents
Swissôtel Krasnye Holmy is proud to announce the receipt of the award of the World Travel Association (WTA), one of the world’s comprehensive travel trade polls. For the third year in a row the hotel was voted “Russia’s Leading Hotel” and the trophy ... [BreakingTravelNews - 10/29/2009]
Entities: Swissôtel, Russia, Portugal
First Reported 10/30/2009 - Updated 10/30/2009 - 1 Documents (in Corporate Deals)
KUALA LUMPUR, Oct 30 (Bernama) -- The listing of TA Global Bhd on the Main Market of Bursa Malaysia on Nov 23, 2009, will position it as one of the largest listed property companies in Malaysia.TA Global launched its prospectus here today for an initial ... [Yahoo! Malaysia - 10/30/2009]

Quotes

On the return on investment on the asset acquisition, Tiah said TAE bought Swissotel with a yield of 7.6 per cent. "There is guaranteed ebitda (earnings before interest depreciation taxes and amortisation) of S$19 million (RM46.17 million) over the next four years. I believe Singapore will recover and room rates will move upwards next year. These will enhance earnings" Tiah said. Last year, Swissotel made a net operating profit of S$20 million (RM48.6 million) on revenue of S$53 million (RM128...
...He added: "Muslim visitors are important to Singapore tourism, with many coming from our top key markets Indonesia and Malaysia, and increasingly from the Middle East." Hotels like Fairmont Singapore and Swissotel the Stamford, among the first to sign upup to be rated, said that in today's wired world, being listed on...

More Content

All (44) | News (43) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0)
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TA Enterprise to acquire another hotel next month [Business Times Malaysia - 11/19/2009]
TA sees jump in hotel earnings [thestar.com.my - 11/19/2009]
EyeforTravel discusses the social media phenomena [e-Travel Blackboard - 11/19/2009]
TA Enterprise sees hotel earnings triple [Malaysia Edge - 11/18/2009]
Avis Nigeria wins We Try Harder Award [Daily Sun - 11/13/2009]
Give me beef brisket noodles, anytime — Ong Sor... [Malaysian Insider - 11/12/2009]
Avis Nigeria Wins Quality Service Award [AllAfrica.com - 11/09/2009]
Singapore ready for APEC meetings [Xinhua News Agency - 11/07/2009]
Web portal set up for Muslim travellers [Asiaone - 11/07/2009]
Hotels in Singapore make preparations for APEC ... [InSing.com - 11/06/2009]
News in Brief: November 5 2009 [Air & Business Travel News - 11/05/2009]
Mukti Projects to set up Rs 265 crore five─star... [TravelBizMonitor.com - 11/03/2009]
Pipe seeks to settle out of court with Market C... [IT News Australia - 11/03/2009]
Swissôtel Krasnye Holmy Becomes Russia's L... [e-Travel Blackboard - 11/02/2009]
AOOD2009- Asia Offshore Operation Development 2009 [Upstreamonline.com - 11/02/2009]
Swissôtel signs first hotel in India [Travel Weekly Web - 11/02/2009]
TA GLOBAL TO BE AMONG LARGEST PROPERTY COMPANIE... [Yahoo! Malaysia - 10/30/2009]
Swissôtel to Open Swissôtel Makkah in... [HotelExecutive.com - 10/30/2009]
Swissôtel to open first hotel in Middle East [Travel Weekly Web - 10/30/2009]
News: Swissôtel Krasnye Holmy becomes Russ... [BreakingTravelNews - 10/29/2009]
Swissôtel signs Hotel in India [Asia Travel Tips - 10/29/2009]
Swissôtel to Open 1571-Room Makkah Hotel i... [Asia Travel Tips - 10/29/2009]
Baltic Festival: A whole post of tournament hou... [Mirror.co.uk - 10/29/2009]
Finalists of inaugural Singapore Experience Awa... [InSing.com - 10/29/2009]
Baltic Festival: Packing them in for day 1b [Mirror.co.uk - 10/29/2009]
Swissotel Makkah to open in Q1 2011 [AME Info - 10/29/2009]
Baltic Festival: The latest fashions [Mirror.co.uk - 10/28/2009]
Experience and variety - speaker attributes at ... [Travel Weekly Web - 10/27/2009]
News: Swissotel Hotels & Resorts to open it... [BreakingTravelNews - 10/27/2009]
Swissôtel Sydney is voted best in Australi... [e-Travel Blackboard - 10/26/2009]
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April 16 2009 1: Fake Feel Good [The Automatic Earth - 04/16/2009]
National Photo Co. Tax (B)racket 1920Lining up at the Internal Revenue Service, checkbook in hand Ilargi: The true nature and character of US government economic ...
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