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...
Hotel
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...
Bird Group to end JV with Dusit Thani, rebrand hotels
NEW DELHI: Delhi-based Bird Group is ending its joint venture management contract with Thai group Dusit Thani and plans to rebrand all its properties as Roseate Hotels and Resorts that it will manage on its own. The...
PE funds like Blackstone, GIC and others in talks for 25% stake in Lemon Tree
MUMBAI: Global private equity funds Blackstone, Brookfield, GIC, ADIA, and CPPIB are in talks to pick up around 25 per cent stake in Lemon Tree Group of Hotels for about $150-200 million, valuing the company at about...
Taj GVK Hotels, Indian Hotels surge on merger talk
Shares of Taj GVK Hotels & Resorts and Indian Hotels Company have surged up to 20% on the BSE in intra-day trade after a media report suggested that Indian Hotels plans to merge Taj GVK Hotel & Resorts with...
3 Associates tells SC it plans to buy Sahara’s overseas hotels for $1.3 bn
Firm tells SC it plans to buy Grosvenor House Hotel in London, and Plaza Hotel and Dream Downtown in NY. New Delhi: United Kingdom-based investment firm 3 Associates Capital Management Ltd informed the Supreme Court...
Japan hotel Reit Investment completes acquisition of property in Osaka
Japan hotel Reit Investment Corp : * Says it completes acquisition for trust beneficial rights of a property located in Osaka for 27 billion yen, on Aug. 1 Source text in Japanese: goo.gl/OPFE4l Further company...
Accor Plans to Separate, Sell Majority of HotelInvest Unit
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...
