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...
UK’s Restaurant Group in talks with Cafe Rouge owner to divest leisure business
Restaurant Group, the owner of Wagamama restaurants and Frankie & Benny’s, said on Saturday it is in “advanced discussions” with Big Table Group regarding the potential divestment of its leisure...
ITC board approves acquiring 25% stake of Maharaja Heritage from Russel Credit
The board of the ITC has approved acquiring a 25% stake in Maharaja Heritage from Russel Credit. The shareholders will get one hotel company share for 10 held in the company. The indicative timeline for listing ITC...
NCLAT stays admission of Coffee Day Enterprises for insolvency
The appellate tribunal of the bankruptcy court Friday stayed the admission of Coffee Day Enterprises Ltd (CDEL) after it was challenged by the promoter, Malavika Hedge, that default occurred during the “calm...
Cafe Coffee Day insolvency: NCLAT Chennai stays the case, hearing scheduled for September
The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) has stayed the admission of corporate insolvency case brought by National Company Law Tribunal (NCLT) Bengaluru against the coffee chain firm, Cafe...
