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...
Hotel
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...
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...
