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
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...
MintM ties up with Treebo Hotels for ‘Engagement Bots’
City-based digital marketing startup MintM, which builds an interactive ‘Engagement Bot’, a cloud-based smart digital signage solution, has partnered with Treebo Hotels, a budget hotel chain startup. The technology will...
McDonald’s drops plan to sell shares in Japan unit
McDonald’s Corp (MCD.N) has put on hold plans to sell shares in its Japan unit, which recently returned to profit for the first time in three years after a series of food scandals shook consumer confidence in the...
Carlson inks pact with Mustaq Group to open 7 hotels in J&K
Carlson Rezidor has partnered with Mushtaq Group to open seven hotels, under Radisson Blu and Country Inn brands, to cater to high-end tourist flow into Jammu and Kashmir. “We will have six Radisson brand hotels...
Burger King and Tim Hortons owner nears deal to buy Popeyes – sources
Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday. The deal, which...
China’s Louvre Hotels Group eyes more acquisitions in India post Sarovar deal
China’s Louvre Hotels Group, which acquired a majority stake in Sarovar Hotels for around $50 million, is looking at more acquisitions in India in the mid-market space and is in talks with several hotel chains...
Burger King and Tim Hortons owner in bid to buy Popeyes – sources
Restaurant Brands International Inc (QSR.TO), owner of the Burger King and Tim Hortons fast-food chains, has approached Popeyes Louisiana Kitchen Inc (PLKI.O) about a possible acquisition, people familiar with the...
Federal Bank acquires 3-star ‘The Pepper Vine’ hotel
Private lender, Federal BankBSE -0.42 % has taken possession of a 3-star hotel named ‘The Pepper Vine’ at Thekkady owned by Daphne Hotels & Tourism. The bank acquired the loan after the hotel defaulted...
MHRIL buys additional 6.33 per cent stake in Holiday Club Resorts Oy
Mahindra Group firm Mahindra Holidays & Resorts India (MHRIL) has increased its stake in Finland-based Holiday Club Resorts Oy by buying additional 6.33 per cent shares at a consideration of Euro 4.37 million...
McDonald’s sells most of China, HK business to CITIC, Carlyle for $2.1 billion
McDonald’s Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand...
