Study Hotels is continuing their expansion into prominent university markets with its third property, The Study at University of Chicago. The new hotel plans to open its doors to guests in the first quarter of 2021.
Net loss attributable to Vail Resorts, Inc. was $107.8 million for the first fiscal quarter of 2019 compared to a net loss attributable to Vail Resorts, Inc. of $28.4 million in the same period in the prior year. Fiscal 2019 first quarter net loss included the after-tax effect of acquisition and integration related expenses of $4.9 million and an incremental loss of $3.6 million from off-season operations at the resorts acquired during the quarter, as well as approximately $1 million of headwind from currency translation related to operations at Perisher.
Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
Hyatt Hotels Corporation (NYSE: H) and UEM Sunrise Berhad yesterday celebrate the opening of the Hyatt House Kuala Lumpur, MontKiara, marking the brands entry into the extended stay hotel segment in Malaysia and the Southeast Asian region.