The Indian Hotels Company (IHCL) said on Tuesday it had signed a binding agreement for the acquisition of the balance 14.28% equity interest in ELEL Hotels and Investments Limited (ELEL) from the Nanda family, which...
IHCL inks pact to acquire balance 14.28% stake in ELEL
Hospitality major Indian Hotels Company on Tuesday said it has inked pact to acquire the remaining 14.28% stake in ELEL Hotels and Investment from the Nanda family. The deal will make the company a 100% leasehold owner...
Radisson Hotel Group partners with EazyDiner for table booking & home delivery services
Radisson Hotel Group South Asia announced on Thursday that it has partnered with table reservation and food discovery platform EazyDiner and that the partnership is a step towards strengthening the chain’s food...
Japan’s Ootoya says to formally oppose Colowide’s takeover bid
Restaurant chain Ootoya Holdings said it would oppose a takeover offer from its top shareholder, Colowide Co, turning the bid into the Japan’s latest hostile deal. In an emailed statement, Ootoya said it would announce...
After sealing a deal with Swiggy, ITC Hotels announces food partnership with Zomato
After announcing its partnership with Swiggy in May, ITC Hotels said on Monday it was partnering with Zomato to offer customers dining experiences in the comfort of their home. The hotel chain said Zomato, as an online...
Chilean investment firm to buy 50% stake in South Africa’s Sun International
Chile’s Nueva Inversiones Pacifico Sur (IPS) has made a proposal to Sun International to buy 50.1% of the South African hotel and casino operator for 22 rand ($1.27) a share, it said on Wednesday. The proposed offer...
Brazilian restaurant operator IMC considers share offering: filing
Brazilian restaurant operator International Meal Company Alimentacao SA is considering a share offering to raise money, according to a securities filing. The company, known as IMC, said it has hired investment banking...
Thai hotelier Minor plans $782 million funding in pandemic-hit market
Thailand’s Minor International Pcl, which operates brands such as Marriott and Four Seasons, plans to raise a total of 25 billion baht ($782.5 million) through perpetual bonds, a rights issue and 3-year warrants...
Lone Star succeeds in $1.9-billion buyout of Japan hotel chain Unizo
U.S. buyout fund Lone Star has struck a $1.9-billion deal for hotel chain Unizo Holdings Co Ltd, the Japanese firm said on Friday, ending a nine-month bidding war among global investors such as Blackstone Group and...
German restaurant chain Vapiano files for insolvency
German restaurant franchise company Vapiano said on Thursday it had applied to start insolvency proceedings, becoming another high street casualty of a national coronavirus lockdown that is expected to remain in force...
Dave & Buster’s explores stake sale to buyout firms: sources
Dave & Buster’s Entertainment Inc is in talks with private equity firms about a potential stake sale, after the coronavirus forced the U.S. restaurant and arcade chain to shut its venues, people familiar with the...
JCP Partners asks Dine Brands to spin off IHOP in shareholder proposal
Activist investment firm JCP Investment Partnership is urging Dine Brands Global Inc to spin off its IHOP pancake house restaurant chain at a time restaurants have largely been ordered to shut in order to help slow the...
