Accor SA, Europe’s biggest hotel operator, will separate its HotelInvest unit and plans to eventually sell a majority stake in the subsidiary to free up funds for the parent company to expand and improve existing...
Indian Hotels sells Taj Boston for $125 mn
Acquired 10 years ago, the Taj Boston remained a loss-making property for the third consecutive year last year forcing IHCL to explore liquidating options. Loss-making Tata Group firm Indian Hotels Company (IHCL) has...
Shanghai Jin Jiang International Hotels Development completes hotels acquisition
Shanghai Jin Jiang International Hotels Development Co., Ltd: * Says it has completed the acquisition of 80 percent stake in two hotels respectively Source text in Chinese: me2.do/5gCR2sYh Further company Coverage:...
Tata-owned India Hotels sells 5.1 per cent stake in Belmond for $49.57 million
NEW DELHI: Indian Hotels Company Ltd, which owns the Taj Group of Hotels & Resorts, has sold 5.1% of its total outstanding class A common shares of hotel company Belmond Ltd, formerly known as the Orient Express...
Anbang’s Starwood retreat is setback for China’s M&A campaign
Anbang Insurance Group Co’s unexpected withdrawal this week of its $14 billion offer to buy Starwood Hotels & Resorts Worldwide Inc is a wider blow to the unprecedented drive by Chinese companies to acquire...
Kamat Hotels ups stake in JV to 26%
Kamat Hotels ups stake in JV to 26% Mumbai-based Kamat Hotels has bought 9 per cent stake of partner BSEL Infrastructure Realty, in BW Highway Star for an disclosed amount. Kamat’s stake has thus gone...
Promoter group hikes stake in Revathi Equipment
Promoter group hikes stake in Revathi Equipment A promoter-controlled investment vehicle, Renaissance Asset Management has hiked its stake in Revathi Equipment through secondary market purchases, a BSE announcement said...
Tech Mahindra soars on Satyam stake buy buzz
Tech Mahindra soars on Satyam stake buy buzz Reports say that Tech Mahindra may be interested in acquiring Satyam as part of its strategy to evolve from a telecom industry focused IT firm to a full fledged IT services...
We are not interested in hostile takeover: YC Deveshwar
ITC was not trying to increase its stake in EIH, the Oberoi Group flagship company, said YC Deveshwar, chairman, ITC, at the annual general meeting of the company in Kolkata on Friday. ITC owns a little more...
Indian Hotels to acquire Sea Rock for Rs 680 cr
Indian Hotels Company Ltd (IHCL), which runs the Taj Group of hotels, will acquire Sea Rock Hotel in Mumbai for Rs 680 crore. IHCL will pick up an 85 per cent stake in ELEL, the company which holds a long-term sub-lease...
IHCL acquires Hotel Sea Rock for Rs 680cr
Indian Hotels Company, which announced the acquisition of closed Sea Rock hotel at Bandra from ELEL for Rs 680 crore, said on Friday that it will set up a hospitality landmark at the site including a world-class...
Indian Hotel eyes higher Orient stake
Indian Hotels’ vice-chairman RK Krishna Kumar said his company would be happy to raise its stake in Orient-Express Hotels where it currently holds 9.7%. “The Tata group does not make hostile moves,” he stated at a press...
