Accor SA, which runs the second-largest chain of hotels globally, is in talks to invest up to $50 million in budget hotels brand Treebo Hotels, said two people aware of the development. Treebo was founded in March 2015...
McDonald’s buys Vikram Bakshi’s 50% stake in Connaught Plaza Restaurants
McDonald’s India Pvt Ltd (MIPL) announced on Thursday that it has acquired full ownership of Connaught Plaza Restaurants Limited (CPRL) and that the latter is now wholly owned by MIPL and its affiliate McDonald’s Global...
Whataburger explores options including a stake sale – sources
Privately held U.S. fast-food chain Whataburger is exploring options that could include selling a minority stake to a financial investor or private equity firm, people familiar with the matter said on Monday. With the...
Papa John’s founder explores pizza chain stake sale
Papa John International Inc’s founder John Schnatter is in talks with financial advisers for a possible sale of his stake in the company, a regulatory filing showed on Monday. Schnatter, who owns about 31 percent of...
Park Hotels to buy Chesapeake Lodging Trust in a $2.7 billion deal
Hotel owner Park Hotels & Resorts Inc on Monday agreed to buy smaller rival Chesapeake Lodging Trust in a cash and stock deal valued at $2.7 billion that would create the second biggest lodging real estate...
ITC asks to be heard first if Hotel Leelaventure appeals for relief
ITC NSE -1.02 % has filed a petition in the Bombay High Court, asking to be heard first should Hotel Leelaventure approach it for relief in the case related to the deal with Brookfield Asset Management that’s in the...
Leela shareholders back sale to Brookfield
Hotel Leelaventure’s shareholders have overwhelmingly backed the proposal to sell key hotel assets to Brookfield Asset Management though the transaction cannot go ahead till the capital markets watchdog completes...
ITC moves NCLT seeking to cancel Hotel Leelaventure sale;hearing on June 18
The NCLT Wednesday issued notices to promoters of Hotel Leelaventure and its lender JM Financial ARC to reply to an ITC petition seeking a waiver of 10% minimum shareholding for minority shareholders to be counted in...
OYO inks distribution partnership with Hotelbeds
SoftBank-backed OYO Hotels & Homes on Monday said it has partnered Spanish firm Hotelbeds that will provide the Indian company with access to more than 60,000 travel buying intermediaries around the world. The...
Coffee Day forms joint venture with Japan’s Impact HD
Coffee Day Enterprises Ltd, along with its subsidiary Coffee Day Global Ltd, on Monday announced that Japanese company Impact HD will acquire a 49% stake Coffee Day Consultancy Services Pvt. Ltd for $15 million...
Airbnb to invest $100-200 million in India’s OYO – source
Home-renting company Airbnb will invest between $100 and $200 million in SoftBank Group-backed Indian hotel start-up OYO, a source with direct knowledge of the matter told Reuters, as it dives deeper into the hotel...
Brookfield Asset Management consolidates in India with two deals
Hotels, gas pipeline, real estate. Canadian investment firm Brookfield Asset Management seems to be on a deal-making spree in India. Last week, an investment trust led by Brookfield bought RIL’s East West Pipeline...
