Jubilant FoodWorksNSE -2.76 % (JFL), which runs Domino’s Pizza and Dunkin Donuts restaurant chains in India, on Tuesday announced beverage and snack maker PepsiCo as its new beverage partner, ending its 20-year...
Pershing Square checks into Hilton again with new stake
Billionaire investor William Ackman has taken a stake in hotel operator Hilton Worldwide Holdings for the second time in two years after earning a 32 percent profit on his investment in 2017. Ackman’s Pershing Square...
Treebo and FabHotels initiate merger talks
Budget hotel brands Treebo and FabHotels have initiated merger talks, as investor appetite to fund hotel startups is waning following the massive funding round by market leader Oyo Rooms, three people familiar with the...
U.S.-Thai Billionaire Expands Hotel Empire to Tap Chinese Boom
Billionaire William Heinecke is on the lookout for further takeovers after more than tripling the number of hotels his Minor International Pcl controls through the acquisition of Spain’s NH Hotel Group. Heinecke, a U.S...
JM Unit, Brookfield close in on Leela deal
Lender JM Financial Asset Reconstruction Company (JMFARC) is keen to retain about 10% of the debt-hit hospitality company, Hotel Leelaventure, even as exclusive talks with prospective buyer Brookfield Asset Management...
Hyatt to acquire two roads hospitality
Hyatt Hotels Corporation will be acquiring Two Roads Hospitality, the company said in a statement on Monday. In India, Alila Diwa Goa and Alila Fort Bishangarh are the two properties that belong to Two Roads Hospitality...
Oriental Hotels sells Gateway Hotel to Varun Group
Oriental Hotels, an associate of Tata group firm Indian Hotels Company NSE 0.89 % (IHCL), Friday announced the sale of its Gateway Hotel Beach Road, Visakhapatnam to Varun Group for an undisclosed amount. The management...
Hedge Fund Backed by California Teachers Makes Bet on Papa John’s
Legion Partners, a hedge fund that was seeded by the California State Teachers’ Retirement System, now controls more than 5 percent of the struggling pizza chain Papa John’s, according to a filing on Monday. Key...
Papa John’s asks potential acquirers to submit offers: sources
Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has reached out to potential acquirers to ask them to submit offers, people familiar with the matter said on Wednesday. Papa...
Vail CEO Eyes Japan Resort Acquisition in Bid to Lure New Skiers
Vail Resorts Inc. is seeking to add a Japanese property to its portfolio of ski resorts to lure globetrotting snowhounds from Beijing to Sydney to buy the season passes that underpin its businesses. “We see Japan as the...
Pebblebrook Plans Up to $1 Billion in Asset Sales After Merger
Pebblebrook Hotel Trust plans to sell as much as $1 billion in assets after it completes its acquisition of LaSalle Hotel Properties, as the combined company seeks to reduce debt through opportunistic sales...
Brookfield in talks with JM Financial ARC to acquire stake in Hotel Leelaventure
Brookfield Asset Management is in talks with lender JM Financial Asset Reconstruction Company for acquiring a stake in debt-ridden hospitality chain Hotel Leelaventure, people familiar with the development said. “Three...
