The Board of Directors of Juniper Hotels at its meeting held today, 11 February 2025, has approved the acquisition of 100% of the equity share capital of Jenipro Hotels (Jenipro) from its existing shareholders (Sale...
Chalet Hotels to buy Westin Resort in Rishikesh for Rs 530 crore
Chalet Hotels said on Monday it has received the approval of the board of directors for the acquisition of Mahananda Spa and Resorts, the owning company of The Westin Resort and Spa, Himalayas in Rishikesh. It said it...
Hyatt Hotels to acquire Playa Hotels & Resorts for about $2.6 billion
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean. The acquisition follows rising...
With no revival plan in place, NCLT orders liquidation of Tulip Hotels
The Mumbai bench of the National Company Law Tribunal has ordered the liquidation of the once-iconic Tulip Hotels after the creditors of the company failed to receive any viable resolution plan. The tribunal also...
NCLAT sets aside EIH plea against NCLT order approving sale of Golden Jubilee Hotels
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...
