The Plaza Hotel, one of New York’s most iconic buildings in which Subrata Roy-led Sahara India group has majority stakes, has been fully acquired by a Qatar government-owned fund for about $600 million, according...
GVK may sell stake in Hotel JV to Fairfax
GVKNSE 0.51 % Group is in exploratory talks with Indian-born Canadian billionaire Prem Watsa’s Fairfax Holdings to sell its nearly 50% stake in luxury hotel chain business TAJGVK Hotels and Resorts, a joint venture with...
Bloom Hotel Group acquires Hotel Asian International in NDMC re-auction
Samena Capital-backed Bloom Hotel Group on Thursday won the auction for Delhi’s erstwhile Hotel Asian International, located on 1 Janpath Lane. Bloom Hotels, which is part of Imperativ Hospitality, offered to pay the...
Pebblebrook sweetens offer for LaSalle Hotel
Pebblebrook Hotel Trust on Monday raised its offer to buy fellow U.S. hotel owner LaSalle Hotel Properties, seeking to scuttle Blackstone Group LP’s $3.7 billion deal with the company. Pebblebrook said its latest offer...
Hotel Leelaventure board may give majority stake to JM Financial ARC
Hotel Leelaventure will hold a board meeting on Monday to approve enabling resolutions for issuing up to 125 crore new equity shares to primary lender JM Financial Asset Reconstruction Company (ARC) on preferential...
Taj Mansingh Hotel auction flops, Indian Hotels Company sole bidder
The New Delhi Municipal Council’s ambitious plan to auction the Taj Mansingh Hotel has almost drawn a blank, with only Tata group-owned Indian Hotels Company (IHCL), the current operator, bidding for the property...
Thailand’s Minor plans 2.5 billion euro takeover bid for Spain’s NH Hotels
Thailand-based Minor International (MINT.BK) said on Tuesday it plans to launch a takeover bid for NH Hotels (NHH.MC) valuing the Spanish hotel group at up to 2.5 billion euros ($2.9 billion) after buying a stake from...
Treebo Hotels acquires travel start-up Events High
Budget hotel chain Treebo Hotels, operated by Ruptub Solutions Pvt. Ltd, has acquired Bengaluru-based travel start-up Events High, which operates an online discovery platform for local events and activities, said a top...
Airtel’s Sunil Mittal to invest $1 billion in son-in-law’s hotel business
The family of billionaire Sunil Mittal, who controls India’s biggest mobile phone operator Bharti Airtel Ltd, is looking to invest more than $1 billion into a hotel chain founded by his son-in-law in London, people with...
LaSalle Hotel accepts Blackstone’s $3.7 billion cash offer
LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust. Blackstone’s offer values LaSalle...
Burger King India evaluating IPO to fund growth plans
Burger King India Pvt. Ltd, a quick service restaurant (QSR) chain owned by private equity (PE) firm Everstone Capital, is evaluating a potential initial public offering (IPO) to raise growth capital, two people aware...
SAMHI Hotels plans to invest Rs400 crore on acquisitions this year
Goldman Sachs-backed hotel investment firm SAMHI Hotels Ltd plans to spend around Rs400 crore this year on acquiring hotel assets in the country, said a top company executive. Gurgaon-based SAMHI Hotels, which owns 30...
