British American Tobacco (BAT) is likely to begin a phased sale of its stake in ITC Hotels, following the hospitality company’s demerger from ITC Limited earlier this year, sources told ET NOW. The sale could...
Nasdaq-bound Hotel101 eyes expansion into Latin America, Oceania, CEO says
Hotel101 Global, a unit of Philippine-listed real estate company DoubleDragon (DD.PS), is looking to expand into Latin America and Oceania in addition to growing its presence in existing regions including Asia, its CEO...
Sahyadri Hospitals buyout: EQT, Blackstone-backed Quality Care, IHH & Manipal Hospitals may submit binding bids post
EQT, Blackstone- and TPG-backed platform Quality Care India, Temasek- and Dr Ranjan Pai-led Manipal Hospitals and Malaysia’s IHH are expected to submit final bids post the third week of June for the proposed...
Ireland’s Dalata Hotel rejects $1.5 bln buyout proposal from Pandox and Eiendomsspar
Ireland’s largest hotel group Dalata (DHG.I) on Tuesday rejected a 1.3 billion euro ($1.48 billion) buyout proposal from Scandinavian property companies Pandox AB (PANDXb.ST) and Eiendomsspar AS (EISP.NFF) for...
Apeejay Surrendra Park Hotels to acquire majority stake in Zillion Hotels and Resorts
Apeejay Surrendra Park Hotels has entered into binding Memorandum of Understanding today for acquisition of 90% stake of Zillion Hotels and Resorts from its existing shareholders (namely Handa Family Shareholders and...
Juniper Hotels gain 4% on acquiring 100% stake in Jenipro Hotels; Details
Juniper Hotels shares advance 4 per cent in trade on BSE, logging an intraday high at Rs 287 per share. The buying in the stock sparked after the company entered into a share purchase agreement with Jenipro Hotels...
Juniper Hotels Board approves acquisition of Jenipro Hotels
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...
