Britain’s Whitbread Plc said on Monday it bought three independent hotels in Germany for an undisclosed sum, as the company expands in Europe as part of its focus on the hotel business following the sale of its Costa...
Blackstone to buy five hotels in Greek islands
Blackstone Real Estate Partners Europe, a unit of U.S. private equity firm Blackstone Group, agreed to buy five hotels in Greece from Louis Group in a deal valued at 178.6 million euros ($197 million), the firm said on...
Consortium led by South Korea’s Mirae Asset to buy 15 U.S. hotels from China’s Anbang
A consortium led by South Korea’s Mirae Asset Global Investments said on Wednesday it agreed to buy 15 hotels in the United States from Chinese troubled insurer Anbang Insurance Group. Anbang is in the process of...
Café Coffee Day sale plan on hold, owners to hunt for new funds
Promoters of Coffee Day Enterprises Ltd and its lenders have temporarily shelved a plan to sell a controlling stake in the unit that owns the Café Coffee Day (CCD) chain, two people directly aware of the development...
3G Capital selling $3 billion shares in Burger King owner
Brazilian private equity firm 3G Capital Partners Ltd sold shares in Restaurant Brands International Inc for $3 billion in the past month, regulatory filings showed. An affiliate of 3G Capital Partners Ltd is selling...
Hilton Grand Vacations to explore sale following takeover interest – sources
Hilton Grand Vacations Inc has decided to explore strategic alternatives, including a potential sale, following acquisition interest in the U.S. timeshare operator from private equity firms, people familiar with the...
Burger King’s China franchisee hires Citi for stake sale: sources
Tab Food Investments, the biggest worldwide franchisee of Burger King, has asked Citigroup to help to sell a minority stake in the business in China and Turkey, a deal which could fetch at least $200 million, two...
TPG in early talks to buy Coffee Day Global
Private equity firm TPG is in preliminary discussions on a possible acquisition of Coffee Day Global Ltd, which owns the Café Coffee Day (CCD) chain founded by the late VG Siddhartha, two people familiar with the...
Oyo buys Las Vegas Hooters Hotel in its first US purchase
In what is its first property purchase in U.S., SoftBank-backed Oyo Hotels and Homes, has bought the Hooters Casino Hotel Las Vegas. While, Oyo did not divulge the financial terms of the transaction, a person close to...
Mexican restaurant firm CMR says agreed to buy Grupo Dasi
Mexican restaurant operator CMR said on Thursday it has agreed to buy local firm Grupo Dasi and its associated businesses in a cash and stock deal, without disclosing the price. Grupo Dasi, based in Mexico City, runs...
Japanese investor Ichigo latest to disclose stake in Unizo
Japan’s Ichigo Asset Management disclosed a 5.56% stake in hotel chain Unizo Holdings Co Ltd on Tuesday, days after a SoftBank Group firm swooped in with a $1.3 billion ‘white knight’ bid that investors see going higher...
SoftBank’s Fortress emerges as white knight for hotel chain Unizo with $1.3 billion bid
Japanese hotel chain Unizo Holdings said it received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group investment firm, a deal that will help it fend off a rare hostile takeover bid from travel...
