News Newest News On Hotel Sustainability
The Company has pay-fixed/receive-variable interest rate swaps in place to hedge $600 million of the Term Loan B Facility, set to run out in the second quarter of 2024. During the third quarter of 2023, the Company executed $600 million of new ahead beginning interest rate swaps on the Term Loan B Facility, which can start in second quarter 2024 and expire in 2028. As of September 30, 2023, the Company had $2.2 billion of long-term debt excellent with a weighted common Hotels News interest rate of four.9%. The Company borrowed $110 million on its revolving credit facility during the third quarter and had an available borrowing capacity of $631 million after considering $9 million of outstanding letters of credit score as of September 30, 2023. The Company ended the quarter with a money balance of $79 million and roughly $710 million in complete liquidity.
- The sprawling website is a beacon of modern hospitality that’s as much a hangout for locals as it’s visitors, thanks partially to its alluring design and welcoming aura.
- Last yr, the BSE-listed co had launched 1,375 new rooms across 14 hotels, together with India’s largest hotel – the 669-room Aurika Mumbai Skycity.
- Guests have responded positively to the comfort of having access to room service across the clock, and the hotel has reported vital reductions in labor costs.
- The 450-room resort will embody 9 specialty restaurants; unique daily pop-up experiences; thrilling water options, similar to a lazy river and water slides.
- In addition, it’ll ship plenty of new choices for event planners, with over 1,four hundred sq m of perform house, together with two ballrooms and 6 meeting rooms.