Fortress Investment Group, a U.S. investment firm owned by SoftBank Group, will offer to buy Japanese hotel operator Unizo Holding, launching a counter bid against travel agency H.I.S. Co, the Nikkei reported. Fortress...
Norwegian investor buys Helsinki’s Kamp Collection Hotels
Norwegian investor Petter Stordalen’s Nordic Choice Hospitality Group has acquired Kamp Collection Hotels, a prestigious chain of hotels in Helsinki, from asset manager Capman, the seller’s Capman Buyout fund said on...
Tata Taj Hotel chain to sell assets as economy weakens
The luxury hotel chain controlled by India’s Tata Group is looking to sell some assets and avoid owning new properties in an effort to further pare debt, as it braces for a slump in consumer spending. Indian Hotels Co...
Coffee Day Enterprises Board to discuss whether to rope in strategic investors or sell assets
The Coffee Day Enterprises (CDEL) will hold its board meeting in Bengaluru on Thursday where it is expected to discuss the two immediate options: whether to rope in strategic investors with managerial expertise to run...
Coffee Day appoints interim chairman, plans to sell assets to reduce debt
The board of Coffee Day Enterprises Ltd (CDEL) is planning to selectively sell assets of the V.G. Siddhartha-founded company to pare debt incurred by the group’s 52 units, said two people, including a director at the...
KKR still owns over 6% in CCD; HDFC says had no exposure since January
Global buyout major KKR has said it is “deeply saddened” by the disappearance of VG Siddhartha, the promoter of its investee company the coffee chain Cafe Coffee Day since Monday evening. In a purported...
NCLT gives Hotel Leelaventure two months to comply with new Sebi directives
Hotel Leelaventure Thursday got two months time from NCLT to comply with the latest Sebi directives asking the hospitality company to make additional disclosures to shareholders to proceed with its proposed sale to...
Sebi order clears way for proposed Brookfield Deal: Leela promoters
Promoters of Hotel Leelaventure said a Sebi order has held that its proposed transaction with Brookfield was not a ‘related party transaction’ as the latter is simultaneously entering into a separate contract with the...
Sebi directs Hotel Leela to share details of asset sale deal
Securities market regulator Sebi on Tuesday directed Hotel Leela Venture (HLVL) to provide information via “additional disclosures in the postal ballot notice” of the asset sale transaction with Brookfield...
GIC begins talks with GVK Power to buy its stake in Indian Hotels joint venture
Government of Singapore Investment Corp (GIC) is in preliminary talks with GVK Power and Infrastructure to acquire its stake in Taj-GVK Hotels and Resorts as the sovereign investment vehicle of the South East Asian...
Oyo Hotels acquires Innov8, expands co-working space business
OYO Hotels and Homes, the world’s third-largest chain of hotels, homes, managed living and workspaces, on Tuesday confirmed its acquisition of Innov8, a co-working spaces provider, highlighting the company’s increasing...
InterGlobe in talks to buy Burger King’s India franchise
Rahul Bhatia-controlled InterGlobe group is in advanced discussions to acquire the Burger King India franchise from private equity firm Everstone Capital for about Rs 1,400 crore, according to two people directly aware...
