NEW DELHI: AccorHotels has finalized the acquisition of concierge company John Paul, Accor Hotels said in a statement. John Paul founder David Amsellem will retain a 20% stake in the company and continue to serve as its...
Hotel
AccorHotels to buy stake in German boutique hotel chain 25hours
AccorHotels (ACCP.PA) is buying a 30 percent stake in Germany’s 25hours Hotels for 35 million euros ($39 million), stepping up its expansion in the fast-growing market for “boutique” hotels that shun...
Legal tussles, valuation mismatch take a toll on M&A activity in hospitality sector
Mergers and acquisition (M&A) deals in the hospitality sector haven’t picked up this year as legal issues plague properties and buyers and sellers can’t agree on valuations. Only 12 M&A and private equity deals...
Marriott International plans to add 85 more properties in India in 3-5 years
Kolkata: Leading global lodging company Marriott International Inc. is looking to add 85 more properties in India over the next 3-5 years. The US-based hotel chain, which completed an acquisition of Starwood Hotels...
Millitoons plans to acquire 9 US hotel companies for Rs 491 crore
NEW DELHI: Integrated design solutions company Millitoons Entertainment plans to foray into the hospitality sector by acquiring 9 companies in the US for USD 73.25 million (approx Rs 491 crore). “The company has...
HotelBids to invest up to Rs 80 crore
New Delhi: Online hospitality firm HotelBids is planning to invest Rs 70-80 crore for expansion within India and overseas next year. “We are at present building customer base. So far, we have invested around Rs 3-4...
India Equity Partners puts 75 per cent Sagar Ratna stake on the block
New Delhi: Private equity firm India Equity Partners (IEP) Fund Advisors has put its majority 75 per cent stake in South Indian cuisine restaurant chain Sagar Ratna Restaurants on the block five years after acquiring...
Marriott Purchase of Starwood Gets Chinese Regulatory Approval
Marriott International Inc.’s acquisition of Starwood Hotels & Resorts Worldwide Inc. got antitrust approval from Chinese regulators, clearing the way for the deal to be completed. Approval from the Chinese Ministry...
Bird Group to open 3 hotels in India; mulls acquisitions
NEW DELHI: The Bird Group is looking to open three luxury boutique hotels under its brand ‘Roseate Hotels & Resorts’ in the country and is also considering acquisitions for future expansion. The Group...
Four Corners reports acquisition of 3 Buffalo Wild Wings restaurants
Four Corners Property Trust Inc : * Four Corners Property Trust announces acquisition of three Buffalo Wild Wings restaurants for $7.9 million * Four Corners Property Trust Inc says FCPT funded acquisition with cash on...
Aditya Birla PE to sell stake in Olive Bar & Kitchen
Mumbai: Aditya Birla Private Equity, a part of the Aditya Birla Financial Services Group, is looking to exit its four-year-old investment in restaurant chain Olive Bar & Kitchen and has hired an investment bank to...
Private equity fund NSR likely to buy out Adiga’s restaurant chain
NEW DELHI: For almost three years, the legal battle between the principal shareholders of Bengaluru-based Adiga’s restaurant chain has been as fiery as its sambhar, but now both sides seem to have agreed to break...
