Tata Group-promoted Indian Hotels, Oberoi Realty, Brookfield Advisors and Goldman Sachs-backed SAMHI Hotels are among 38 companies that have shown interest in acquiring Westin Kolkata Rajarhat Hotel, said people aware...
McDonald’s to sell Russia restaurants to local operator, rebrand
McDonald’s Corp is selling its restaurants in Russia to one of its current local licensees, who will rebrand them under a new name, ending more than three decades of the “Golden Arches” in the country...
Deals are back on dining tables in India again
Investor interest, fundraising and mergers and acquisitions are back in the fine-dine, quick service and cafes sector amid industry revival after two years of pandemic-induced downturn, which brought the sector to a...
China’s Shimao sells Shanghai hotel for $708 mln to state-owned firm
Chinese property developer Shimao Group said it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan ($707.83 million), as it seeks to reduce its debt amid a crisis in the...
Reliance to buy control of New York’s Mandarin Oriental hotel for $98 mn
Reliance Industries Ltd is paying nearly $100 million for a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent. Reliance said...
MGM Resorts to sell Mirage hotel and casino for $1.08 bln to Hard Rock
MGM Resorts International said on Monday it would sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash. The Mirage opened in 1989 and was acquired by...
Fertitta’s hotel company, SPAC call off $8.6 bln merger
Billionaire Tilman Fertitta’s hotel company Fertitta Entertainment Inc and blank-check company FAST Acquisition Corp said on Friday they had mutually agreed to terminate their $8.6 billion merger agreement. The...
Jack in the Box to acquire Del Taco for over $450 mln
U.S. hamburger restaurant chain Jack in the Box Inc said on Monday it would buy Del Taco Restaurants Inc for $455.3 million, as it looks to expand its customer base and take advantage of the Mexican food chain’s...
EaseMyTrip acquires Spree Hospitality, a 1200 keys hospitality management company
Online travel platform EaseMyTrip announced on Thursday that it has acquired hospitality management company Spree Hospitality. This is EaseMyTrip’s second acquisition. The company said Spree Hospitality will add a new...
Blackstone makes sweetened $6.2 bln play for Australia’s Crown
Investment giant Blackstone Group Inc made a $6.2 billion approach for troubled Australian casino firm Crown Resorts Ltd, sweetening an earlier offer as its main rival bidder is beset by regulatory problems. The A$12.50...
Trump reaches $375M deal to sell DC hotel – WSJ
Former President Donald Trump’s family hotel company has reached a deal to sell the rights to its Washington, D.C., hotel for $375 million, the Wall Street Journal reported on Sunday, citing people familiar with...
IHCL to buy balance stake in Roots Corp., raise ₹4,000 crore
Indian Hotels Co. Ltd (IHCL) on Thursday said it plans to buy the 40% stake it doesn’t own in unit Roots Corp. Ltd, which runs the Ginger brand of economy hotels, for ₹500 crore. The IHCL board also approved plans to...
