Beating the other food technology companies on the road to profitability, online restaurant search, rating and food-ordering firm Zomato has operationally broken even in India, as well as five other markets – the...
Radisson owner exploring sale, options for hotel business
Radisson hotels owner Carlson Cos Inc [CARLN.UL] is exploring strategic alternatives for its hotel business, including a sale, the Wall Street Journal reported on Thursday. A merger or a partnership are the other...
Xander Group sells Devigarh Palace for around Rs 90 crore
MUMBAI: Hotel Devigarh Palace, the royal residence of the rulers of Delwara principality of the 18th century, has been sold by the Xander Group to a royal family of Jodhpur, Rajasthan, for around Rs 90 crore...
China’s BTG Hotels to acquire economy hotel chain Homeinns for $1.7 bln
Dec 8 China’s BTG Hotels Group said it will acquire domestic rival Homeinns Hotel Group for around 11 billion yuan ($1.7 billion), saying that the economy hotel chain will round out its portfolio of brands. State...
Temasek, Vy Capital Invest In Zomato
Online restaurant search and review portal Zomato, has raised about R400.29 Cr ($60 Mn) in a fresh round of funding led by Temasek Holdings, and existing investors Vy Capital. The proceeds will be utilize in its new...
Marriott to buy Starwood to create world’s biggest hotel chain
Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world’s largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph...
