Hospitality consultancy firm HVS expects mergers and acquisitions in the hospitality space to exceed $ 800 million in 2020, besides a revenue per available room growth in the range of 4.7%-5.4%. In its new report titled...
Blackstone raises offer for Japan’s Unizo, tops Lone Star’s bid
Blackstone Group has raised its proposed offer to buy Japanese hotel chain Unizo Holdings to 6,000 yen ($53.78) from 5,600 yen per share, the U.S. private equity firm said on Monday, topping a bid by U.S. investment...
KFC owner reports ‘exceptional quarter’, picks up stake in DIL
Yum! Restaurants India, owner of KFC, Pizza Hut and Taco Bell, had an ‘exceptional quarter-basis value innovation and expanding digital channels’, the restaurant chain’s global chief executive David Gibbs said in a post...
Mahindra Holidays keen to acquire stressed assets across country, including Kashmir
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd, told...
CITIC to sell 22% stake in McDonald’s China business to PE arm: sources
CITIC Ltd, the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald’s Corp’s mainland China and Hong Kong business, which is likely to be bought by the group’s private...
Lone Star emerges as white-knight bidder for Japanese hotel chain Unizo
Japanese hotel chain Unizo Holdings said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group, Fortress...
Blackstone awaits Unizo response on $1.6 billion buyout proposal
Blackstone Group said on Friday it is waiting for Japanese hotel operator Unizo Holdings to respond to its $1.6 billion takeover proposal. Blackstone in October emerged as a bidder for Unizo and told the hotel chain it...
Blackstone says Unizo has not agreed to its $1.6 billion takeover offer
Blackstone Group Inc said on Thursday it has been unable to obtain an agreement from Japanese hotel operator Unizo Holdings Co Ltd for its $1.6 billion takeover bid proposal. Blackstone last month offered to buy the...
Japanese hotel group Unizo gets six new buyout offers
Japanese hotel operator Unizo Holdings said on Sunday it had received six more buyout offers at a price competitive with an existing $1.6 billion bid proposed by Blackstone Group. Unizo said it had received offers from...
Yes Bank invokes pledge to take 20.6% stake in Tulip Star Hotels
Yes Bank has acquired about 20.6% stake in Tulip Star Hotels Limited by invoking 949,930 pledged equity shares of the company. The private lender exercised its right after Ezeego One Travel, a company that had pledged...
Blackstone to continue takeover talks with Unizo
Blackstone said on Monday it will continue talks with Japanese hotel chain Unizo Holdings on its proposed $1.6 billion takeover bid and plans to make an announcement by Nov. 22. The U.S. asset manager last month emerged...
Private equity firms want a big sip of Café Coffee Day
Private equity firms KKR, TPG Capital and Bain Capital have signed non-disclosure agreements (NDAs) with Coffee Day Enterprises (CDEL), initiating discussions on buying a significant stake in the group’s coffee...
