Indian Hotels CompanyBSE 0.44 % (IHCL), which runs the Taj Group of hotels, plans to raise about Rs 1,000 crore through a rights issue to fund the expansion of its Sea Rock and Taj Lands End properties in Mumbai, people...
Wanda Hotel to buy $1 billion of assets from Wang-controlled businesses
Wanda Hotel Development Co Ltd (0169.HK), a unit of Chinese conglomerate Dalian Wanda Group led by Wang Jianlin, said it would buy assets worth over 7 billion yuan ($1.05 billion) from Wang-controlled companies as part...
Azure Hospitality raises Rs 76 crore from existing investors
Azure Hospitality, the operator of restaurant chains Mamagoto, Dhaba by Claridges and Sly Story, has secured $12 million (Rs 76 crore) from existing investors Goldman Sachs and Max Ventures to fuel growth plans in India...
CG Hotels & Resorts to set up three property funds to buy distressed hotel assets
CG Hotels & Resorts, a part of the Kathmandu-based Chaudhary Group, is setting up three separate property funds to buy hotel assets as part of its expansion plan to double its hospitality portfolio, a top company...
FabHotels raises $25 million from Goldman Sachs, Accel Partners
Budget hotels chain FabHotels has raised $25 million in a Series B funding round led by Goldman Sachs, a top company executive said. FabHotels works on an asset-light model, partnering small hotels under a franchise...
Wanda Group to sell China tourism projects, hotels to Sunac for $9.3 bn
Chinese property giant Dalian Wanda Group plans to sell tourism projects and hotels in the country to Sunac China for $9.3 billion, as it dials back its theme-park ambitions and brings down its debt pile. The sale — the...
HDFC’s PE subsidiary may sell stake in Windflower Resorts
HDFC Property Fund is in advanced talks with prospective buyers to sell its stake in The Windflower Resorts and Spa for about Rs 100 crore, nearly three times its investment of Rs 30-35 crore, people aware of the...
L Catterton looking to buy a controlling stake in on Riyaz Amlani’s Impresario
Ace restaurateur Riyaz Amlani — the man behind popular fine dine restaurants, delicatessen and bars like Saltwater Grill, Smoke House Deli and Social — has caught the fancy of Louis Vuitton Moet Hennessy, the...
America’s Marigold Capital may buy Leela Chennai
American private equity fund Marigold Capital and Investments, a fund specialising in buying debt-ridden hotels and commercial real estate properties and turning them around, will buy Leela Group’s 326-room hotel in...
Jayaram Banan buys back 77% stake in Sagar Ratna from India Equity Partners
Sagar Ratna’s founder Jayaram Banan has bought back controlling stake in the south Indian cuisine restaurant chain from India Equity Partners (IEP) for an undisclosed amount. On Monday, Banan said he has bought back the...
Hotel operator La Quinta prepares to explore sale – sources
North American budget hotel chain La Quinta Holdings Inc (LQ.N) is preparing to explore a sale of the company, hoping for a high valuation as its seeks to spin off its real estate assets, people familiar with the matter...
Devourin raises seed fund from Relfor’s Deepak Nathani
Restaurant automation solution provider Devourin has raised an undisclosed amount of seed funding from Relfor Labs’ Deepak Nathani. Nathani, also co-founder of Cybage, has acquired a 20 percent stake in the company...
