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...
Brookfield buys key Leela hotel assets for Rs 3950 crore
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...
