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...
Hotel
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...
Qatar-backed Katara holding buys Sahara-owned Plaza Hotel for $600 mn
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...
