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...
Hotel
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...
Treebo Hotels in talks with VC funds to raise $25 million
Treebo Hotels, a budget hotel room booking platform, has begun talks with venture capital funds to raise around $25 million (around Rs170 crore), two people aware of the development said. Treebo raised $17 million in...
Banan looks set to buy back Sagar Ratna at a big discount
Restaurant chain Sagar Ratna’s original promoter Jayaram Banan is set to buy back the 90-store chain at a 35-40% discount to the price at which he had sold it to India Equity Partners (IEP) Fund Advisors. The private...
Burger King’s So-So Tim Hortons Deal
Burgers and coffee: It’s not the worst thing in the world, but it probably wouldn’t be your first choice for a meal either, right? That’s how I feel about the merger between Burger King and Tim...
AccorHotels picks up a 5% stake in Banyan Tree
Banyan Tree Holdings announced on Thursday that it has entered into heads of agreement with AccorHotels. Under a long-term partnership, Accor has picked up a 5% stake in Banyan Tree and will invest an initial SGD 24...
McDonald’s to keep up to 25 percent stake in China, HK stores – source
McDonald’s Corp (MCD.N) is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep “a significant minority stake in the...
Citic-Carlyle near deal to buy McDonald’s China assets: source
A consortium led by private-equity firm Carlyle Group (CG.O) and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald’s Corp’s (MCD.N) stores in China and Hong Kong for up to $3 billion, a...
Taj ties up with Shangri-La in bid to expand global footprint
Taj Hotels and Resorts, a luxury hospitality chain run by Indian Hotels Company Ltd (IHCL), has formed a marketing alliance with Hong Kong-based hotel chain Shangri-La Hotels and Resorts in a bid to increase its...
Quess buys out Manipal’s facility management & catering business
BENGALURU: Quess Corp, the integrated business services firm controlled by Canadian billionaire Prem Watsa, announced the buyout of facility management and catering business from Manipal Integrated Services, promoted by...
