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...
Hotel
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...
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...
