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...
Fortress raises offer for Japan’s Unizo by 2.5%, extends bid period
Fortress Investment Group raised its bid on Friday for Japanese hotel operator Unizo Holdings by 2.5% but the offer remains well below both the current share price and an offer from a rival suitor. SoftBank Group-owned...
China’s Huazhu to buy German luxury hotel group Steigenberger
China’s Huazhu Group is buying the Steigenberger hotels as it seeks to extend its global reach with the addition of one of Germany’s most well-known upmarket chains. Huazhu, already the world’s fifth-largest hotel group...
Lemon Tree Hotels acquires Berggruen Hotels and the brand ‘Keys Hotels’
Lemon Tree Hotels acquired Berggruen Hotels in November 2019 taking its total inventory to 7,800 rooms in 77 hotels across 45 destinations, making it India’s largest hotel chain in the mid-priced hotel sector. Keys...
Blackstone ready to hold more talks with Japan bid target Unizo
Blackstone said on Thursday that Japanese hotel operator Unizo had missed a deadline to agree with conditions set for its proposed $1.6 billion takeover bid, but the U.S. buyout group was prepared to embark on more...
China’s Huazhu to buy German luxury hotel group Steigenberger
China’s Huazhu Group is buying the Steigenberger hotels as it seeks to extend its global reach with the addition of one of Germany’s most well-known upmarket chains. Huazhu, already the world’s fifth-largest hotel group...
Hotel Leelaventure completes sale of assets to Brookfield
Hospitality firm Hotel Leelaventure Ltd on Tuesday said it has completed sale of its hotel properties and operations to Canada-based Brookfield Asset Management Inc. The Rs3,950 crore deal also marks the entry of...
