The National Company Law Tribunal (NCLT) has dismissed a petition filed by Ashdan Properties against Chemhub Tradelink’s committee of creditors-approved resolution plan for Pancard Clubs. Ashdan was one of the...
Shri Ram Multicom to acquire Sarga Hotels under IBC
Hemant Kanoria-promoted Sarga Hotels, which operates a five-star hotel under the Westin brand in Kolkata, will be acquired by Shri Ram Multicom under the Insolvency and Bankruptcy Code (IBC) process. The Kolkata bench...
Choice Hotels goes hostile in Wyndham takeover battle
Budget hotel operator Choice Hotels International launched a hostile bid for peer Wyndham Hotels & Resorts and prepared for a board battle to bring the target to the negotiating table. Choice went public with its...
Yum Brands’ KFC to acquire 218 restaurants from EG Group in UK, Ireland
Yum Brands’ KFC said it will acquire 218 restaurants from its largest franchisee EG Group in the UK and Ireland. Once the deal is complete, all of the privately-owned EG Group’s KFC UK and Ireland businesses...
McDonald’s to acquire Carlyle’s stake in China unit
McDonald’s said on Monday it would acquire investment firm Carlyle’s 28% stake in a partnership that manages its business in mainland China, Hong Kong and Macau, as the burger chain looks to simplify its...
U.S. giant Mars to buy Britain’s Hotel Chocolat for $662m
Britain’s Hotel Chocolat agreed to a 534 million pound ($662 million) takeover offer from Mars Inc, as the specialist chocolatier succumbs to the U.S. food giant to help it grow internationally, netting its...
Vikram Puri acquires hotel in Goa for ₹60 crore
Hotelier Vikram Puri has acquired an all-suite hotel in Goa from Sun Estates for about Rs 60 crore, according to two people with knowledge of the transaction. The property is located in Candolim, with suites sized 485...
Singapore’s GIC buys 35% stake in European hotel operator HIP
Singapore’s sovereign wealth fund GIC has invested in a 35% stake in Hotel Investment Partners (HIP), an owner of resort hotels in Southern Europe, according to a statement by HIP on Tuesday night. Financial...
Choice Hotels asks Wyndham to engage in merger talks
Choice Hotels said that it had asked the board of U.S. budget hotel operator Wyndham Hotels and Resorts to engage in merger talks. This comes about a week after Wyndham rejected Choice’s $7.8 billion acquisition...
Wyndham rejects Choice Hotels’ $7.8 billion takeover bid
U.S. budget hotel operator Wyndham Hotels and Resorts on Tuesday rejected rival Choice Hotels’ $7.8 billion cash-and-stock acquisition offer, calling it “underwhelming” and citing regulatory risks...
NCLAT sets aside order to restart sale of Viceroy Hotels
The appellate bankruptcy tribunal has set aside a National Company Law Tribunal (NCLT) order to restart the sale of Viceroy Hotels, which owns two properties: a five-star hotel in Hyderabad named Marriott and a three...
DB Realty to acquire stakes in 3 hotels for more than Rs 2,300 cr
Mumbai-based D B Realty Ltd on Monday said it will acquire shares in Bamboo Hotel Global Centre, Goan Hotels & Realty and BD And P Hotels for more than Rs 2,300 crore. These deals fall into related party...
