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Italian Investor Makes $1.1B Bid for Club Med

Italian Investor Makes $1.1B Bid for Club Med

Italian investor Andrea Bonomi offered 21 euros per share for French resort operator Club Mediterranée on Monday, a 22 percent premium to an existing 17.50 euro-a-share offer by French private equity firm Ardian and Chinese conglomerate Fosun International, according to ...

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Westgate Resorts Purchases LVH

Westgate Resorts Purchases LVH

The Las Vegas Hotel & Casino (LVH) is changing hands again. Florida-based timeshare company Westgate Resorts has purchased the property from Goldman Sachs and Gramercy Capital and is renaming it Westgate Las Vegas Resort & Casino. According to this report ...

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Caesars to Close Showboat Atlantic City

Caesars to Close Showboat Atlantic City

Caesars Entertainment Corp. said Friday that it plans to close the Showboat casino-hotel in Atlantic City later this summer. It will be the second Atlantic City casino to close this year, joining the Atlantic Club, which shut down in January. ...

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Florida Resort Hotel Doubles as Military Test Site

To the tourists who frolic in the crystal-blue surf of this picturesque, white-sand beach, the Fort Walton Beach Holiday Inn Resort looks like, well, a Holiday Inn with a large beach ball statue on top. But to military officials, it ...

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