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...
Ackman’s Pershing Square cuts stake in Chipotle Mexican Grill
Activist investor William Ackman’s Pershing Square Capital Management has cut its stake in Chipotle Mexican Grill Inc (CMG.N) to 7.4 percent, paring an investment that has helped the hedge fund post gains after three...
DB Hospitality looks to partner a hotel chain for Aero City
DB Hospitality has begun scouting for hotel chains to partner with for its Aero City project, India’s biggest hotel and convention centre at 1,100 rooms. DB Hospitality, Mumbai-based builder DB Realty’s hospitality arm...
Lagardere agrees to buy U.S. airport food group HBF for $330 million
Lagardere travel retail, a division of French conglomerate Lagardere (LAGA.PA), said on Wednesday it had agreed to buy U.S.-based Hojeij Branded Foods for $330 million as it refocuses on services like airport shops...
Jin Jiang Weighs Bid for $2 Billion Hotelier Radisson
Chinese hospitality provider Jin Jiang International Holdings Co. is weighing a bid for Radisson Hotel Group, the global chain owned by HNA Group Co., people with knowledge of the matter said. Jin Jiang, which is...
Barbeque Nation raises pre-IPO funding from Jhunjhunwala-backed firm
Private equity firm CX Partners-backed casual dining restaurant chain Barbeque Nation Hospitality Ltd has raised ₹80-90 crore in a pre-IPO placement from Alchemy Capital Management, an investment firm co-founded by ace...
China startup Luckin Coffee raises $200 million to propel expansion
China’s Luckin Coffee, which has been expanding aggressively and touting itself as a local rival to Starbucks Corp (SBUX.O), said on Wednesday it raised $200 million in a fundraising round that values the on-demand...
