Canada’s Brookfield Asset Management is close to buying at least four of five luxury hotels and a large land parcel owned by debt-ridden Hotel Leelaventure Ltd for about ₹4,500 crore, said three people familiar with the...
Engaged Capital to push Del Frisco’s to sell itself: WSJ
Activist investor Engaged Capital LLC has bought a nearly 10 percent stake in Del Frisco’s Restaurant Group Inc (DFRG.O) and is pushing the restaurant operator to sell itself, the Wall Street Journal reported on...
Dineout acquires restaurant management software firm Torqus
Dineout, India’s largest dining out platform, on Tuesday announced the acquisition of Pune-based Torqus, a leading SaaS-based restaurant management software provider, further strengthening its position as a full stack...
Columbia Threadneedle opposes Restaurant Group deal for Wagamama
Columbia Threadneedle, a top-5 investor in Restaurant Group (RTN.L), said on Tuesday it would vote against the company’s proposed acquisition of noodle chain Wagamama for 357 million pounds ($458.5 million). UK Equities...
Detroit casino hotel sold for $1 billion in gaming consolidation
An investment arm of Quicken Loans founder and billionaire Dan Gilbert said on Wednesday it agreed to sell the Greektown Casino-Hotel in Detroit to a real estate investment trust and a partner for $1 billion, in a sign...
Indian Hotels looks to sell 10 properties to pare debt
Indian Hotels Co. Ltd, which runs Taj hotels, plans to monetize around 10 properties in the next three years as part of a larger plan to bring down its debt and fund its future growth, said a top executive. The Tata...
Domino’s Jubilant FoodWorks ties up with PepsiCo, drops Coca-Cola
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...
