The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd’s petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels. The appellate tribunal...
SKFS acquires Mirah Hospitality to grow its food services business pan-India
Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet – which owns restaurant brands Rajdhani, Bayroute and Hitchki – for Rs 80 crore. “We are looking to scale up...
SKFS acquires Mirah Hospitality to grow its food services business pan-India
Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet-which owns restaurant brands Rajdhani, Bayroute and Hitchki-for ₹80 crore. “We are looking to scale up...
Everstone puts off plan to sell stake in Restaurant Brands Asia
Everstone Capital has put on hold plans to sell its 13.17% holding in Restaurant Brands Asia (previously Burger King India) after deal talks with Advent International and General Atlantic did not go through and no new...
BAT to check out of ITC’s demerged hotels business
British American Tobacco Plc (BAT), the single-largest shareholder in ITC, plans to sell its stake in the soon-to-be demerged hotel business of the Indian conglomerate, said chief executive Tadeu Marroco. He said BAT is...
CITIC to sell stake in McDonald’s China, HK operations for $430.3 mln
China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business. It will...
Tellado Realty divests its hospitality business to StayVista
Tellado Realty, one of the luxury developers in Goa with projects like Tellado Villas (Siolim) and Baia Villas (Mandrem) has divested its hospitality business to villa rental brand StayVista. StayVista said it will be...
SAMHI Hotels acquires Innmar Tourism and Hotels private Ltd
Branded hotel ownership and asset management platform SAMHI announced the completion of execution of the Share Purchase Agreement (“SPA”) for the acquisition of Innmar Tourism and Hotels Private Limited (“ITHPL”). The...
OYO parent Oravel Stays to acquire Motel 6, Studio 6 from Blackstone paying $525 million in an all-cash deal
Oyo’s parent, Oravel Stays, has agreed to acquire American budget hotel chain G6 Hospitality, owner of the “iconic” Motel 6 and Studio 6 brands, from Blackstone Real Estate in a $525 million all-cash deal, PTI...
NCLAT stays order to re-run Rajesh Business’ bankruptcy process
The National Company Law Appellate Tribunal (NCLAT) has stayed a lower court’s order asking creditors of Rajesh Business & Leisure Hotels to restart a bankruptcy process after an appeal by lead lender ICICI...
BCM Group acquires five star property The Golden Palms Resorts and Spa
BCM Group has acquired Bengaluru’s five-star hotel, The Golden Palms Resorts and Spa, the diversified group’s managing director Rajesh Mehta told ET without disclosing the financial details of the deal. The resort...
BCM Group acquires five star property The Golden Palms Resorts and Spa
BCM Group has acquired Bengaluru’s five-star hotel, The Golden Palms Resorts and Spa, the diversified group’s managing director Rajesh Mehta told ET without disclosing the financial details of the deal. The resort...
