Ventive Hospitality has announced that it proposes to enter into definitive agreements to acquire a 76% stake in Soham Leisure Ventures, owner of the Hilton Goa Resort and a land parcel in Goa. The company said in line...
IHCL acquires shares in subsidiary for over Rs 100 cr
Indian Hotels Company Limited (IHCL) on Tuesday said it has invested over Rs 100 crore to acquire more than 2 lakh shares of its wholly-owned subsidiary ELEL Hotels and Investment Limited via rights issue. ELEL Hotels...
Hunch Ventures takes over Jamie Oliver India restaurants
Global investment firm Hunch Ventures is acquiring casual and fine-dine chain Jamie Oliver Restaurants in India from London-based consumer investor platform International Market Management (IMM) which held 51% stake in...
IHCL inks agreements to acquire 51% stake in ANK Hotels and Pride Hospitality for Clarks Hotels & Resorts
Tata Group backed Indian Hotels Company (IHCL) said on Monday it has entered into share subscription and purchase agreements and shareholders’ agreements to acquire around 51% equity stake not exceeding Rs 110...
British American Tobacco awaiting RBI approval to check out of ITC Hotels
British American Tobacco (BAT) is awaiting Reserve Bank of India (RBI) approval before it can sell its 15.29% shareholding in ITC Hotels. BAT is ITC’s single largest shareholder. This is required as the ITC...
IHCL acquires over 3.3 lakh shares in wholly-owned arm for over Rs 165 cr
Tata Group hospitality firm Indian Hotels Company Ltd on Wednesday said it has acquired over 3.3 lakh equity shares through a rights issue in wholly-owned arm ELEL Hotel and Investment Ltd for over Rs 165 crore. ELEL...
Oberoi Realty-Naman wins bid for Juhu hotel in Rs 919-crore resolution plan
Oberoi Realty, in partnership with Shree Naman Developers and JM Financial Properties, has secured the Committee of Creditors’ (CoC) approval to acquire Hotel Horizon Pvt Ltd (HHPL) through the insolvency resolution...
Ireland’s Dalata Hotel Group agrees to 1.4 billion euro Scandinavian takeover
Scandinavian property companies Pandox AB and Eiendomsspar AS have agreed to buy Ireland’s largest hotel group Dalata for 1.4 billion euros ($1.64 billion), the companies said on Tuesday. Dalata, which operates 56...
BAT may begin phased stake sale in ITC Hotels: Sources
British American Tobacco (BAT) is likely to begin a phased sale of its stake in ITC Hotels, following the hospitality company’s demerger from ITC Limited earlier this year, sources told ET NOW. The sale could...
Nasdaq-bound Hotel101 eyes expansion into Latin America, Oceania, CEO says
Hotel101 Global, a unit of Philippine-listed real estate company DoubleDragon (DD.PS), is looking to expand into Latin America and Oceania in addition to growing its presence in existing regions including Asia, its CEO...
Sahyadri Hospitals buyout: EQT, Blackstone-backed Quality Care, IHH & Manipal Hospitals may submit binding bids post
EQT, Blackstone- and TPG-backed platform Quality Care India, Temasek- and Dr Ranjan Pai-led Manipal Hospitals and Malaysia’s IHH are expected to submit final bids post the third week of June for the proposed...
Ireland’s Dalata Hotel rejects $1.5 bln buyout proposal from Pandox and Eiendomsspar
Ireland’s largest hotel group Dalata (DHG.I) on Tuesday rejected a 1.3 billion euro ($1.48 billion) buyout proposal from Scandinavian property companies Pandox AB (PANDXb.ST) and Eiendomsspar AS (EISP.NFF) for...
