Canadian alternative asset management company Brookfield has bought the assets of Hotel Leelaventure comprising key hotel properties in Delhi, Bangalore, Udaipur and Chennai for Rs 3950 crore. ET was the first to report...
Airbnb buys HotelTonight in deeper expansion into hotel-booking business
Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated...
Vatika Hotels in talks with PEs to raise Rs 750 crore for expansion
Vatika Hotels, hospitality arm of the Gurgaon-based realty developer Vatika Group, is in talks with private equity firms to raise about Rs 750 crore to support expansion of its verticals including hospitality...
Chalet Hotel eyes distressed assets, more hotel brands for expansion
Real estate firm K Raheja Corp’s hospitality arm Chalet Hotel Ltd, which recently raised ₹1,641 crore through IPO, is eying distressed hotel assets and bringing more hotel brands to expand its portfolio, said a top...
JM Financial files insolvency case against Hotel Leelaventure
Hotel Leela venture said Tuesday JM Financial Asset Reconstruction Company Ltd (JMFARC) has filed an insolvency petition with the Mumbai bench of National Company Law Tribunal (NCLT) against the company. The application...
IHG buys Six Senses Hotels business for $300 million
InterContinental Hotels Group has agreed to buy the brands and operating companies of Six Senses Hotels Resorts Spas for $300 million in cash, the owner of the Crowne-Plaza and Holiday Inn chains said on Wednesday, in a...
IHG buys Six Senses Hotels business for $300 million
InterContinental Hotels Group has agreed to buy the brands and operating companies of Six Senses Hotels Resorts Spas for $300 million in cash, the owner of the Crowne-Plaza and Holiday Inn chains said on Wednesday, in a...
Brookfield Asset Management set to buy Hotel Leelaventure
Canadian private equity major Brookfield Asset Management has finalised the terms and conditions to acquire Hotel Leelaventure with lender JM FinancialNSE 0.40 % for around Rs 4,500 crore, and the deal is likely to be...
Govt mulls shutting AI arm hotel corp
As part of its plan to restructure Air India, the government is discussing a plan to wind up Hotel Corporation of India (HCI), a loss-making subsidiary of the national carrier that has hotels in New Delhi and Srinagar...
Troubled pizza chain Papa John’s gets $200 million from Starboard
Starboard Value will make its CEO the chairman of Papa John’s International via a $200 million investment in the troubled pizza chain. The activist fund’s CEO, Jeffrey Smith (pictured), will take over the board role...
Fresh twist to Leela sale saga
The game is afoot at Leela Hotels. As reported earlier by IANS, Dubai billionaire Rashid Al Habtoor had made a bid of Rs 4,200 crore for the stressed asset. With four top-of-the-line properties — Delhi’s...
Cafe Coffee Day founder’s stake sale in Mindtree hits I-T hurdle
The promoters of software firm Mindtree Ltd are in a race to retain control of the company as potential buyers eye the big chunk of shares put on the block by its largest shareholder V.G. Siddhartha, even as the tax...
