On Thursday, Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), gained 1.54% to $28.36.
Hilton Worldwide Holdings, declared the signing of a administration agreement with Pinnacle Nexus Sdn. Bhd. (a member of Cornerstone Partners) to open DoubleTree Resort by Hilton Penang. Located in the northern beach area of Penang near the UNESCO World Heritage Site of George Town, DoubleTree by Hilton Penang Resort will add to the existing pipeline of five hotels in Malaysia where Hilton Worldwide presently operates six hotels under the Hilton and DoubleTree by Hilton brands.
“We are very happy to be working with a well-respected partner such as Pinnacle Nexus to introduce the DoubleTree by Hilton brand to Penang. The signing of this agreement underscores our commitment to developing Hilton Worldwide’s portfolio of brands in Malaysia. DoubleTree Resort by Hilton Penang will be a tremendous addition to the brand’s rapidly-expanding global portfolio across six continents and at the same time, bolster the country’s tourism profile to attract more travelers to Malaysia,” said Andrew Clough, senior vice president of development, Middle East & Asia Pacific, Hilton Worldwide.
Penang is one of the top three economic centers amongst the states of Malaysia, as the country’s manufacturing hub for major international high-tech electronics companies. Well known for being a tourist destination, Penang has tremendous potential as it continues to develop its MICE infrastructure in addition to medical tourism offerings.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
Shares of The Coca-Cola Company (NYSE:KO), inclined 0.94% to $40.65, during its last trading session.
The Coca-Cola Company, will release second quarter 2015 financial results on Wednesday, July 22, 2015 before the stock market opens. The Company will host an investor conference call at 9:30 a.m. EDT on July 22.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
Finally, SandRidge Energy, Inc. (NYSE:SD), ended its last trade with -2.68% loss, and closed at $1.09.
SandRidge Energy, has closed its formerly declared private offering of $1.25 billion in aggregate principal amount of senior secured notes due 2020 (the “Notes”). The Notes were issued at par and bear interest at a rate of 8.75% per annum. The Notes are secured on a second-lien precedingity basis and guaranteed by each of the Company’s auxiliaries that guarantee the Company’s revolving credit facility.
The Company used a portion of the net proceeds from the offering of the Notes to repay all borrowings under its existing revolving credit facility and will use the remainder for general corporate purposes.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
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