Hotel Job Resource - Peninsula Hotel News

Earnings before interest, tax, depreciation and amortisation increased by 19% to HK$490 million.

Ms. Rainy Chan will be promoted to be Area Vice-President, Hong Kong and Thailand while retaining her role as General Manager, The Peninsula Hong Kong. Mr. Nicolas Beliard, currently Resident Manager of The Peninsula Hong Kong, will be promoted to be General Manager of The Peninsula Bangkok. Both promotions are effective on 1 May, 2010. Mr. Beliard is replacing Mr. Charles Morris, who will be leaving his post at the end of April.

Mr. David Williams as General Manager, Corporate Responsibility and Sustainability; and Mr. Ian Longbon as General Manager, Audit & Risk Management. Both appointees are based in Hong Kong and the appointments took effect on 1 December, 2009.

Peninsula Hotels unveils its most technologically advanced hotel

Following the completion of the agreement in Chicago, HSH Chicago, Inc. now assumes full ownership control of The Peninsula Chicago. HSH has opted to pay for the US$11.7 million purchase price in full with surplus cash.

Turnover decreased by 18% to HK$1,962 million.

The Hongkong and Shanghai Hotels, Limited (HSH), a hotel and property company listed on the Hong Kong Stock Exchange (00045), announced that its wholly-owned subsidiary, HSH Financial Services Limited, has signed a HK$1.225 billion Four Year Term Loan Facility with a group of seven international banks. The Facility, which matures in 2013, is guaranteed by HSH.

Profit before non-operating items fell by 10% to HK$978 million (2007: HK$1,088 million)

The Hongkong and Shanghai Hotels, Limited (HSH) and Qatari Diar Real Estate Investment Company (Qatari Diar) announced today that negotiations have been concluded and formal sets of agreements have been signed for the purchase by HSH of a 20% interest in a subsidiary of Qatari Diar which owns the building that currently houses the Centre International de Conferences on Avenue Kleber, Paris, France for a total cash consideration of approximately Euro 100 million (approximately HK$1,024 million).

The Hongkong and Shanghai Hotels, Limited (HSH) has announced the promotion of Mr. Jonathan Crook to be General Manager of The Peninsula Manila, effective 3 November 2008.