Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.
The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.
Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.
Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.
With very expansive top and bottom line growth expected over the next few years, investors may be wondering why Sun Country Airlines (Nasdaq: SNCY) stock is down -5% year to date.
The answer to this question lies in the trend of earnings estimate revisions which have largely declined landing Sun Country’s stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
Riyadh, Saudi Arabia – As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Hilton has accelerated its growth strategy in Saudi Arabia in recent years, announcing multiple signings as the company works towards its plans to increase its portfolio to more than 75 trading properties across the country.
The latest of these signings include Conrad Hotels & Resorts entry into the heart of the Saudi capital with Conrad Riyadh Laysen Valley, which is set to open in 2025. Hilton’s growth continues in secondary cities, with the recent signings in Abha, Hilton The Point Residences and Canopy by Hilton The Point, both due to open in 2026.
Conrad Riyadh Laysen Valley
Conrad Riyadh Laysen Valley
In partnership with Mashareq Investment, Hilton plans to bring its second Conrad Hotels & Resorts property to Saudi Arabia. The 170-key Conrad Riyadh Laysen Valley will bring the brand’s bold design, impactful experiences, and curated contemporary art to inspire travellers throughout their stay. Featuring world-class amenities, purposeful service and guest facilities, the modern, luxury hotel is expected to open in 2025 opposite the city’s diplomatic quarter at the heart of the Laysen Valley development, one of Riyadh’s most prominent high-end, mixed-use real estate projects.
Latest Hotel Signings for Saudi Arabia include:
Waldorf Astoria Riyadh Diriyah – the iconic 200-room hotel, expected to open in 2028, will be located in a prime position within Diriyah, surrounded by high-end restaurants, luxury retail stores, residences, art galleries and museums.
Wadi Hanifah,LXR Hotels & Resorts – this secluded retreat, expected to open in 2026, will house 80 immaculately designed guest rooms and enchanting villas, offering Diriyah visitors a lush escape of tranquility and relaxation.
Canopy by Hilton Al Khobar Ajdan Waterfront – The 120-guest room hotel, expected to open in 2026, is ideally located on the corniche, adjacent to Boulevard Ajdan, the high-end shopping and entertainment destination.
DoubleTree by Hilton Jeddah Al Andalus Mall – the 164–guest room hotel attached to the Jeddah Al Andalus Mall is due to open next year.
DoubleTree by Hilton Jeddah Al Marwah – this 178-guest room hotel will be located within close proximity to the King Abdulaziz International Airport, and on the corner of the bustling Hira Street.
Hampton by Hilton NEOM Community – expected to open later this year, Hampton by Hilton NEOM Community will feature 201 guest rooms.
Hampton by Hilton Hafr al-Batin – will feature 150 guest rooms and is due to open in 2026.
Hilton currently operates 16 hotels in Saudi Arabia, including Waldorf Astoria Jeddah – Qasr Al Sharq, Conrad Makkah, and Hilton Riyadh Hotel & Residences. Its development pipeline of more than 50 properties includes the introduction of new brands like LXR Hotels & Resorts, Canopy by Hilton, Embassy Suites by Hilton, and Hampton by Hilton.
MCLEAN, Virginia – Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported its fourth quarter and full year 2020 results. The following results reflect the material impact that the novel coronavirus (“COVID-19”) pandemic has had on Hilton’s business. Highlights include:
Diluted EPS was $(0.80) for the fourth quarter and $(2.56) for the full year, and diluted EPS, adjusted for special items, was $(0.10) for the fourth quarter and $0.10 for the full year
Net loss was $225 million for the fourth quarter and $720 million for the full year
Adjusted EBITDA was $204 million for the fourth quarter and $842 million for the full year
System-wide comparable RevPAR decreased 59.2 percent and 56.7 percent on a currency neutral basis for the fourth quarter and full year, respectively, from the same periods in 2019
Approved 18,700 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to 397,000 rooms as of December 31, 2020
Opened 22,900 rooms in the fourth quarter, reaching the one million room milestone and contributing to 47,400 net additional rooms in Hilton’s system for the full year, which represented approximately 5.1 percent net unit growth from December 31, 2019
As of February 10, 2021, 97 percent of Hilton’s system-wide hotels were open
In December 2020, issued $1.9 billion of senior notes consisting of: (i) $800 million aggregate principal amount of 3.750% Senior Notes due 2029 and (ii) $1.1 billion aggregate principal amount of 4.000% Senior Notes due 2031; and used the net proceeds to redeem: (i) $1.0 billion in aggregate principal amount of outstanding 4.250% Senior Notes due 2024 and (ii) $900 million in aggregate principal amount of outstanding 4.625% Senior Notes due 2025
In January 2021, repaid $250 million of the outstanding debt balance under the $1.75 billion senior secured revolving credit facility
In February 2021, issued $1.5 billion aggregate principal amount of 3.625% Senior Notes due 2032 and used the net proceeds to redeem $1.5 billion in aggregate principal amount of outstanding 5.125% Senior Notes due 2026
Click the link below to view the full press release!
JERSEY CITY, N.J., /PRNewswire/ — WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts (NASDAQ: WYNN), announces that it received conditionally approved last week for sports gaming in Tennessee. The Sports Wagering Committee of the Tennessee Education Lottery Corporation’s Board of Directors approved WynnBET to operate its online sports betting app throughout the state, pending fulfillment of statutory and regulatory requirements to go-live.
Tennessee marks the ninth state that WynnBET has gained market access to as the Company fast-tracks its growth plan to meet the demands of the quickly moving online and mobile sports betting industry.
Inspired by Wynn Resorts unmatched expertise in customer service and sophisticated brand experience, the WynnBET app offers an ultra-intuitive and highly responsive interface that delivers hundreds of sports betting options to delight both aficionados and beginners alike. With its acquisition of BetBull in 2020, WynnBET is built on a foundation of highly social sports-betting technology and one-of-a-kind experiences so that wagering and winning can be a celebrated and shared experience.
WynnBET is currently available in New Jersey, Colorado, and Michigan. In addition, WynnBET has market access opportunities in Indiana[1]*, Iowa*, Massachusetts*, Nevada, Ohio*, and now Tennessee; and has submitted for licensure in Virginia. Such market access and licensure are subject to legalization and required approvals by regulatory authorities in each jurisdiction.
LAS VEGAS, Nov. 17, 2020 /PRNewswire/ — MGM Growth Properties Operating Partnership LP (the “Operating Partnership”) and MGP Finance Co-Issuer, Inc. (together, the “Issuers”), consolidated subsidiaries of MGM Growth Properties LLC (NYSE: MGP) (the “Company”), have priced $750 million in aggregate principal amount of 3.875% senior notes due 2029 (the “notes”) at par. The $750 million aggregate principal amount of the notes represented an increase of $250 million from the original offering size of $500 million. The offering is expected to close on November 19, 2020, subject to customary closing conditions.
The Issuers plan to use the net proceeds of the offering for general corporate purposes, which may include the redemption of up to $700 million of the Operating Partnership units held by MGM Resorts International (“MGM”) should MGM elect to exercise certain rights it holds to cause the redemption of such units for cash.
Hyatt Hotels Corporation (NYSE: H) today announced the opening of three different distinct hotels across the United States. The new properties include the Grand Hyatt Nashville, Hotel Kansas City, part of The Unbound Collection, and the Hyatt Centric Center City Philadelphia.
The Grand Hyatt Nashville
“Hyatt remains committed to thoughtfully growing our full-service portfolio of brands across the United States,” said Pete Sears, Americas group president, Hyatt. “Hyatt’s purpose of care and our ability to offer guests a customized experience is at the center of these exciting new openings. We believe there is a strong pent-up demand for travel and these new Hyatt hotels are well positioned to offer locally inspired programming, curated experiences and elevated services which our loyal members and guests expect from Hyatt.”
Hotel Kansas City, part of the Unbound Collection
The Hyatt Centric Center City Philadelphia is a brand new built 332-room upscale lifestyle hotel that includes 22 suites centrally located in the heart of downtown Philadelphia. The hotel features contemporary guest rooms and amenities, with more than 5,000 square feet worth of meeting space, a lobby bar and restaurant with American cuisine, and a grab and go market.
Located in Philadelphia’s desirable Rittenhouse Square neighborhood, the location is steps away from tree-filled parks, outdoor gardens, splendid architecture, upscale dining, boutique shops, and a robust nightlife. Located eight miles from Philadelphia International Airport, Hyatt Centric Center City Philadelphia connects travelers with popular Philadelphia historical and cultural attractions in the museum district and Independence National Historic Park.
“Viva Las Office” features luxury accommodations, comfortable workspace, resort perks and air travel partnership with JSX
ARIA (pictured here) and Bellagio unveil “Viva Las Office” packages – the ultimate home-away-from-the home office experience to give employees working remotely a change of scenery.
LAS VEGAS, Aug. 6, 2020 /PRNewswire/ — As millions of employees continue to work from home for the foreseeable future, MGM Resorts International is unveiling a much-needed change of scenery with “Viva Las Office,” the ultimate home-away-from-the-home office experience at Bellagio and ARIA.
With three tiered packages, “Viva Las Office” offers elevated amenities and benefits to fit every working traveler’s needs. Whether looking for a three-, four- or five-night stay, guests can fully maximize their workdays with flexible check-in and check-out times and a dedicated Executive Assistant who will handle all reservations and experiences throughout their stay. And when it is time for a break, visitors can take advantage of a daily food and beverage credit and a discount to activities around the city including helicopter and jeep tours.
Guests who book any of the “Viva Las Office” packages also will receive special access to discounted airfare through JSX, the revolutionary hop-on jet service, providing working travelers with a seamless experience from wheels up to wheels down.
“We understand that working from home every day can become taxing and monotonous, and we are excited to offer a safe and curated experience here at Bellagio and ARIA that combines work and play,” said Atif Rafiq, President of Commercial and Growth for MGM Resorts. “These packages are designed to offer the best of both worlds. A safe, spacious work setting while still allowing guests to enjoy the amenities and experiences Las Vegas is known for through a single offering.”
“Viva Las Office” requires a three-night stay minimum with packages starting at $100 per night, including the following options:
Five-Star Resort Returns With Full Array of Luxury Amenities and Industry-Leading Health & Safety Plan
LAS VEGAS, May 27, 2020 /PRNewswire/ — Wynn Las Vegas (Nasdaq: WYNN) announced today a reopening date of Thursday, June 4, under phase two of the Nevada United: Roadmap to Recovery plan from Governor Steve Sisolak. As the largest five-star resort in the world, Wynn Las Vegas plans to offer guests a complete Las Vegas experience by opening every amenity and outlet available. Both hotel towers and the casino as well as all restaurants will reopen on June 4, followed by the resort’s newest restaurant, Elio, later in the month. Every effort has been made to present Wynn’s complete luxury experience and provide guests with the peace of mind needed to enjoy a fun and relaxing return.
In preparation, the Company has created a comprehensive new Health & Safety Plan that is now considered the gold standard in the hospitality industry.
“We are ready to provide our guests with a full Las Vegas experience with a collection of luxury amenities and unmatched service,” said Wynn Resorts CEO Matt Maddox. “At the same time, our extensive Health & Safety Plan, validated by the nation’s leading public health experts, will enable a safe environment for our guests. The entire Wynn team is looking forward to welcoming our guests back.”
Wynn will reopen withthe full Las Vegas experience guests expect and deserve, with everything conveniently and safely available under one roof, allowing for the perfect getaway. From lounging by pristine pools to lively late-night betting – and most everything in between – the very best of Wynn’s renowned glamour, excitement, and luxury will be available, including:
Both Wynn and Encore hotel towers
Two 24-hour casinos with a variety of table games and slots as well as the Race & Sports Book
The resort’s full portfolio of fine-dining restaurants, lounges, and casual eateries, several with outdoor seating on open verandas and patios
Expansive resort pools with private cabanas
Wynn’s 18-hole championship golf course
Nightly entertainment at the Lake of Dreams
Three retail esplanades
Full-service beauty salons, barber shop, spa treatments and fitness centers
In addition, several thoughtful new measures in social distancing, touchless technologies, and cleaning protocols have been incorporated throughout the resort in a clear and transparent effort to protect the well-being of all guests. Most notable among the enhancements are:
Non-invasive thermal temperature checks and face coverings provided at all entrances
Automatic hand sanitizer stations, UV Technology, and electrostatic sprayers will be utilized throughout the resort
Sealed guest rooms after meticulous sanitization by Wynn’s professional housekeeping staff
Amenity kits including sanitizing wipes, hand sanitizer, and face coverings in each guest room
Dedicated team of cleaning professionals sanitizing public guest areas 24 hours a day
Wynn employees are required to wear face coverings at all times, and most importantly, have all been tested for COVID-19 before returning to work.
The Wynn Resorts Health & Safety Plan was created in consultation with leading public health medical professionals from Georgetown and Johns Hopkins Universities in addition to recommendations from the U.S. Centers for Disease Control and Prevention (CDC), the Southern Nevada Health District (SNHD) and the Gaming Control Board (GCB). The full plan can be viewed on www.wynnlasvegas.com.
I always love to read stories about the generosity of great corporations. Especially during times when self-centered politicians love to bash them so that they can profit from the potential graft a pending victory can bring. -WB
PRNewswire/ — Wynn Resorts (Nasdaq: WYNN), the world’s leading resort company based in Las Vegas, Nevada, announced today that the Company will extend paying all salaried, hourly and part-time employees through May 15, for a total of 60 days of payroll continuance. The Company decided to take this action as part of its shared responsibility for the health and safety of its employees, their families and the Las Vegas and Greater Boston communities during this pandemic.
Payroll coverage will include more than 15,000 current Wynn and Encore employees. For tipped employees, it includes the average tip compliance rate or distributed tips/tokes since the beginning of the year.
“It is our shared responsibility to follow the direction of health and safety professionals to stay home, and limit social contact,” said Wynn Resorts CEO Matt Maddox. “We owe it to each other, our families and to our community.”
For more information on Wynn’s health and safety measures, please visit www.WynnInfo.com.
The Encore Boston Harbor Casino in Everett seen from Somerville. (Jesse Costa/WBUR)
