Court Clears ACM-Braemar Merger

first_imgzoom Shipbroker ACM announced that the Scheme relating to the recommended merger of ACM with Braemar was approved on July 7 at the Court Meeting and that the Special Resolution was approved at the general meeting.Completion of the Scheme remains subject to the satisfaction or waiver of the remaining conditions of the Scheme set out in the scheme document dated 12 June 2014, according to ACM.The Scheme Court Hearing to sanction the Scheme is expected to take place on 23 July 2014 and the Reduction Court Hearing to confirm the Capital Reduction is expected to take place on 25 July 2014. It is expected that dealings in ACM Shares will be suspended at 7.30 a.m. on 24 July 2014 and the Scheme will become effective on 25 July 2014. Braemar Shipping Services has begun planning for the merger with ACM Shipping Group plc, announced in May 2014, Braemar’s Chief executive James Kidwell said. “The clear objective of the merger is to be the “best in class” in our shipbroking business and provide clients with a top quality service based on strong teams with excellent market coverage,” as explained by Kidwell.The company recorded early signs of improvement in the shipping markets for the three months to 31 May 2014 that have led to an increase in the total forward order book of Braemar Shipping Services’ shipbroking division compared with the forward order book at 31 May 2013, the company said.Press Release, July 10th, 2014last_img read more

OPENINGS Hampton by Hilton Celebrates Rapid Global Expansion to 2500 Open Hotels

first_imgMCLEAN, Va. – This month, Hampton by Hilton continues to lead the upper-midscale category worldwide as the brand celebrates its 2,500th open hotel with Hampton by Hilton Lima San Isidro in Peru. The milestone opening demonstrates Hampton’s successful global growth strategy over the past 35 years – high-quality and thoughtfully designed accommodations, award-winning customer service culture and value-added amenities – all backed by the industry-leading 100 percent Hampton Guarantee™. Hilton’s largest brand now offers nearly 260,000 rooms worldwide across 27 countries and territories. And, with more than 700 properties and more than 93,000 rooms in its pipeline – the largest ever in brand history and within the Hilton enterprise – Hampton is helping propel Hilton’s growth during its dynamic 100th anniversary year. “Hampton by Hilton’s enduring global success as a guest favorite is a testament to the brand’s pioneering nature, high guest service standards and robust expansion efforts,” said Shruti Gandhi Buckley, global head, Hampton by Hilton. “The opening of Hampton’s 2,500th property demonstrates the brand’s winning growth strategy, based on three core pillars: commitment to delivering unparalleled customer service, category leading product and amenity innovation and Hilton’s ongoing investment in the brand.” A key to Hampton by Hilton’s global success is the brand’s regionalization of hotel prototypes and room designs to meet the diverse needs of its customers. Though each property is unique based on local market-based variations, each stay comes with consistent friendly and thoughtful service, complimentary hot breakfast, free WiFi and a passionate commitment to guest satisfaction backed by the 100 percent Hampton Guarantee, making the brand a favorite for travelers worldwide. Caribbean and Latin America Hampton by Hilton is experiencing growth and entering new markets in the Caribbean and Latin America, with four first-in-country openings in the region this year alone. The brand’s celebrated milestone property, Hampton by Hilton Lima San Isidro, is the first Hampton in Peru, situated in the exclusive San Isidro business district and just minutes from the Pacific Ocean. Earlier this year, Hampton debuted in Chile with Hampton by Hilton Antofagasta, featuring spectacular panoramic views of the Pacific Ocean, and Brazil with Hampton by Hilton Guarulhos Airport in São Paulo, conveniently located near Brazil’s busiest airport. Hampton by Hilton Bariloche is set to become Hampton’s first property in Argentina in Q3 and will boast incredible mountain and Nahuel Huapi Lake views at this all-season resort town. Hampton now offers more than 50 properties and nearly 7,000 rooms across nine countries and territories in the Caribbean and Latin America and aims to add nearly 15 properties and more than 1,750 rooms by 2022, including a first-in-country location in El Salvador, set to open in 2021. Hampton’s growth in the region supports the company’s larger expansion strategy across the Caribbean and Latin America, where Hilton has nearly 150 open properties welcoming guests across 23 countries and more than 90 projects in the development pipeline. Europe, Middle East and Africa Hampton by Hilton’s growth extends to Europe with nearly 90 open properties. The brand recently expanded into Belgium with Hampton by Hilton Antwerp Central Station and France with Hampton by Hilton Paris Clichy. Hampton also just announced a partnership with Alshaya Group, where the international franchise operator will develop 70 Hampton properties in nine countries across the Middle East, North Africa and Russia. With the first hotel expected to open in 2021, the Alshaya Group will deliver 50 hotels in the next eight years, with another 20 in the pipeline, significantly expanding Hampton’s presence across three continents. Asia Pacific The brand’s tremendous international growth has also occurred in the Asia Pacific region where Hampton by Hilton has achieved 180 percent year-over-year growth, with China catalyzing this rapid expansion, including the recently opened Hampton by Hilton Changsha South Station and Hampton by Hilton Guangzhou Dongxiaonan. Hampton, which opened its first Chinese property in 2015, is now the No.1 fastest-growing international hotel brand in the country just four years later and is set to open its 100th hotel later this year. The brand has a strong pipeline of over 260 signed hotels and 40,000 rooms in China alone.North America Hampton by Hilton remains the No. 1 hotel brand across the U.S. and Canada, offering more than 2,250 hotels in all 50 U.S. states, nine Canadian provinces and territories, D.C. and Puerto Rico. On average, major interstate travelers are never more than 30 minutes away from their next Hampton stay in the continental U.S, and with a pipeline of more than 300 properties and 32,000 rooms, that time is sure to shrink. Hampton’s properties stretch to the four corners of the continent with new properties from Hampton Inn & Suites by Hilton Beauport Quebec, down to Hampton Inn & Suites by Hilton Atlanta Decatur/Emory, over to Hampton Inn & Suites by Hilton San Diego Airport Liberty Station and up to Hampton Inn & Suites by Hilton Snoqualmie, Washington. Hampton has been recognized as the No. 1 ranked lodging franchise for the past 10 years, and one of the top five franchise brands of the 21st century, according to Entrepreneur® magazine.  Hampton continues to lead the category in guest satisfaction as well, awarded top rankings by several consumer, travel and trade publications worldwide. Hampton is part of Hilton Honors®, the award-winning guest-loyalty program for Hilton’s 17 distinct hotel brands, which offers members who book directly through preferred Hilton channels access to instant benefits. Members also enjoy popular digital tools available exclusively through the industry-leading Hilton Honors mobile app, where Hilton Honors members can check-in, choose their room and access their room using a Digital Key. Read more about Hampton by Hilton’s global expansion at newsroom.hilton.com/hampton or hampton.com. *Release includes data as of June 30, 2019  About Hampton by Hilton As the number one ranked lodging franchise for the past 10 years, according to Entrepreneur®, Hampton by Hilton, including Hampton Inn by Hilton and Hampton Inn & Suites by Hilton, serves value-conscious and quality-driven travelers at more than 2,490 properties in 27 countries and territories. High-quality accommodations and amenities, such as complimentary WiFi, free hot breakfast, and On The RunTM breakfast bags, contribute to Hampton by Hilton ranking as a leader in its segment. Hampton by Hilton Team Members deliver friendly, authentic, caring, and thoughtful service defined as Hamptonality, with guest happiness being the number one priority, backed by the 100% Hampton Guarantee. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. For more information about Hampton by Hilton, visit www.hampton.com or newsroom.hilton.com/hampton, and connect on Facebook, Twitter, YouTube, and Instagram. About Hilton Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 17 world-class brands comprising nearly 5,900 properties with more than 939,000 rooms, in 114 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton earned a spot on the 2018 world’s best workplaces list, and has welcomed more than 3 billion guests in its 100-year history. Through the award-winning guest loyalty program Hilton Honors, more than 94 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.last_img read more

Womens Volleyball Ohio State hosts trio at Covelli Center

Ohio State’s women’s volleyball starting lineup stands together prior to the game against No. 5 Minnesota on Oct. 18., 2017. Credit: Lantern File PhotoOhio State women’s volleyball is seeking a more consistent lineup in its final nonconference games ahead of Big Ten play.Coming off a 1-2 weekend, the Buckeyes (4-5) will take on Miami (Ohio) (4-4) Thursday, and Illinois State (7-2) and Dayton (5-5) on Friday.With injuries causing lineup changes this past weekend, Ohio State is looking to define its chemistry on the court going into its next games. Utilizing the depth of its bench, practice this week has been important in determining the starters.“I think there are some key positions where there’s a good battle going on and there’s a competitiveness in our gym that I really enjoy,” head coach Geoff Carlston said. With the battle for positions in practice comes an eye for who plays well together, and Carlston is using this practice time to play out gamelike six-on-six situations to find that connection. Ohio State seeks to establish solid game play that stands up to high-pressure situations, Carlston said. Playing against strong teams requires a level of rhythm that the team has yet to establish. “We just want to play consistently, no going up and down in intensity,” sophomore opposite side hitter Vanja Bukilic said. “We want to play constant volleyball.”Ohio State also needs to increase its number of kills immediately following an opposing serve and control the offense, Carlston said. This issue, however, comes with a sense of urgency as the Buckeyes look to fix this before the weekend’s Big Ten matches, which Carlston said is necessary for the upcoming tournament. And moments of pressure are sure to arise this weekend. The Thursday match will hold the added intensity of being a night game against an in-state opponent. With a .500 record so far this season, Miami is supplying a threat at the net with senior middle hitter Margaret Payne, who already has 70 kills on the season. The pressure will continue, as the Buckeyes have a quick turnaround when they play Illinois State the next morning. “It’s a lot of volleyball in a short amount of time,” Carlston said. “We play at 10 a.m. against Illinois State who just beat Illinois. They beat Central Florida so they’re really playing great volleyball right now.”The Redbirds’ winning record is supported by junior outside hitter Kaylee Martin, who leads her team with 140 kills, and junior libero Kendal Meier, who has racked up 153 digs so far this season.Yet the morning game against Illinois State does not have the added weight of a Friday night match. That sort of pressure belongs to the Buckeyes’ 8 p.m. match against Dayton.“I think that Friday night is going to be more interesting than Thursday,” Bukilic said. “We always play with Dayton in five sets, and it’s always intense so I expect Friday to be more pumping.”Dayton has just one more win than Ohio State, but the Flyers will come into Friday night with a strong presence at the net in the form of redshirt sophomore outside hitter Jamie Peterson, who has 162 kills in the season. The 6 p.m. game Thursday and the 10 a.m. and 8 p.m. games Friday will conclude the Buckeye’s nonconference regular season before they head into Big Ten matches. read more