Host Hotels to sell up to $400 mln shares

NEW YORK, Aug 20 (Reuters) - Host Hotels & Resorts (HST.N) plans to sell up to $400 million of shares, which it expects to use for future acquisitions, repaying debt and general purposes, the hotel owner said in a filing on Thursday.
Based on its Wednesday closing price of $9.67, Host, which owns 113 luxury and upper-upscale properties, could sell slightly more than 41 million shares.

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http://uk.reuters.com/article/idUKN2051204720090820?rpc=401&

Militants behind Indonesia hotel bombs plotted to shoot Barack Obama

Militants behind the hotel bombings in Jakarta also planned to use snipers to attack Barack Obama’s convoy, according to an intelligence expert.
A link between the suicide bombings at the JW Marriott and Ritz-Carlton hotels on July 17, which killed nine people and wounded 53, and funding from a group linked to al-Qaeda is also being investigated, Dynno Chressbon, from the Centre for Intelligence and National Security, said.

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http://www.timesonline.co.uk/tol/news/world/asia/article6804565.ece

Rotherham seeks minimum price for pubs

Rotherham licensees are being asked to sign up to a “voluntary” code of conduct that includes a form of minimum pricing at £1 per drink.

The code, drawn up by the police and local council with the help of licensees, will also outlaw all-inclusive deals and ensure door prices aren’t connected to the sale of alcohol. It also commits venues to abide by Challenge 21, mirroring “contracts” signed by hosts in Bexley, Kent

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http://www.morningadvertiser.co.uk/news.ma/article/84136

New Issue-Yum Brands sells $500 mln in two parts

Aug 20 (Reuters) - Yum Brands Inc (YUM.N) on Thursday sold$500 million of senior notes in two parts, said IFR, a ThomsonReuters service.

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http://www.reuters.com/article/marketsNews/idINN2055059820090820?rpc=44

Egypt's Travco buys German hotel firm Steigenberger

CAIRO, Aug 20 (Reuters) - Egyptian tourist company Travco said on Thursday it had acquired Germany's Steigenberger Hotels as part of efforts to expand its international operations.
Travco, which values its assets in excess of 1.25 billion euros ($1.78 billion), did not disclose a value for the deal, citing an agreement between the two family-owned firms.

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http://in.reuters.com/article/consumerproducts-SP/idINLK69273620090820

Sandals Resorts International Purchases Four Seasons In Great Exuma, Bahamas

MONTEGO BAY, Jamaica, Aug. 20 /PRNewswire/ -- Sandals Resorts International (SRI), parent company of Sandals Resorts, Beaches Resorts, The Royal Plantation Collection and Grand Pineapple Beach Resorts, today announced the purchase of the recently shuttered Four Seasons Resort Great Exuma at Emerald Bay for an undisclosed sum. According to Sandals Resorts Founder and Chairman, Gordon "Butch" Stewart, the 500-acre property, which features a championship Greg Norman golf course and world-class marina, is set to become a Sandals Resort and will be called Sandals Emerald Bay, Great Exuma, Bahamas. Following certain enhancements customary to the Sandals Resorts brand, including an expansive new pool complex and additional dining establishments, the resort will open January 22, 2010.

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http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/08-20-2009/0005081017&EDATE=