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...
China’s HNA to sell Hilton stake in secondary offering
Hilton Worldwide Holdings Inc’s main shareholder HNA Tourism Group will sell about 63 million shares of Hilton common stock in a secondary offering, making good on signals it would exit its stake in the U.S. hotel...
Hotelivate ties up with us firm to expand footprint in North America
Hotelivate, the hospitality consulting firm which was launched by former HVS Asia-Pacific chairman Manav Thadani after he ended his 20 year partnership with HVS, has tied up with US-based LW Hospitality Advisors (LWHA)...
Warburg Pincus set to exit Lemon Tree Hotels
Buyout firm Warburg Pincus is set to make a partial exit from its almost 12-year-old investment in Lemon Tree Hotels Ltd, as the company prepares to launch its initial public offering (IPO) at the end of this month. On...
OYO acquires Chennai’s Novascotia Boutique Homes
Online hotel aggregator OYO has acquired Chennai-based service apartment operator Novascotia Boutique Homes, marking its first major buyout as well as establishing its presence in the service apartment and corporate...
China’s HNA to sell 25 percent stake in Hilton Grand Vacations
Chinese conglomerate HNA Group will sell its 25 percent stake in Hilton Grand Vacations Inc (HGV.N), the timeshare business spun off last year from U.S. hotel chain Hilton Worldwide (HLT.N), Hilton Grand said on Tuesday...
Jubilant FoodWorks forms JV with Golden Harvest to launch Domino’s Pizza in Bangladesh
Jubilant FoodWorks Ltd, which operates Domino’s Pizza and Dunkin’ Donuts outlets in India, on Tuesday said it has formed a joint venture with Golden Harvest QSR Ltd of Bangladesh to launch Domino’s Pizza in the...
Tata Sons to buy up to 6.64% shares in Indian Hotel Companies
Indian Hotels Company Ltd (IHCL) today said Tata Sons will be acquiring up to 6.64 per cent shares of the company from three promoter entities as part of restructuring the investment portfolio. Tata Sons will be...
China’s HNA Group plans to sell stake in Park Hotels: filing
Chinese conglomerate HNA Group Co Ltd, faced with liquidity concerns after debt-fuelled acquisitions, plans to sell some or all of its 25 percent stake in Park Hotels & Resorts Inc (PK.N), the U.S. hotel chain said...
Supertech to sell 2 hotels for around Rs 250 cr
Realty firm Supertech Ltd plans to sell its two hotels in Uttar Pradesh and Uttarakhand for an estimated Rs 250 crore as part of its strategy to monetise commercial assets and boost cash flow in the company. The Noida...
