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Resort operator Club Méditerranée has received a hostile takeover bid from Global Resorts amounting to $28.74 per share. Shareholders Fosun International and AXA Private Equity in May last year made a buyout offer for the company amounting to $761 million, or $23.95 per share, and Club Med’s board of directors had favored this plan. Global Resorts is 90 percent owned by Investindustrial, which is led by Club Med majority shareholder Andrea Bonomi. Read the HotelsMag.com story here
The 2024 virtual Men’s Round Table will be held Q4, 2024, date TBD.
2023 Virtual Men’s Round Table was held on November 7th, 2023 via Zoom.
Alfred Sanzari Enterprises, a preeminent family-owned and operated commercial and residential real estate firm, announces the completion of a capital improvement project at the Glenpointe Marriott, a 351-room full-service hotel located on the company’s Glenpointe corporate campus in Teaneck, N.J. The capital improvement project transformed the hotel’s 39,317-square-foot
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