Debt-laden Bharat Hotels, which operates hotels under The LaLiT brand is looking for strategic investors for a stake sale, sources familiar with the matter told ET. As per a discussion document floated by Yes Securities...
Hyatt to buy Apple Leisure Group from KKR, KSL Capital for $2.7 billion
U.S. hotel operator Hyatt Hotels Corp said on Sunday it entered a deal to buy resort company Apple Leisure Group from its private-equity owner KKR & Co and travel-and-leisure specialist KSL Capital Partners for $2...
Reliance Retail in talks to put Subway India on its plate
After grocery, ed-tech, music, e-pharmacy, payments, fashion and furniture, Mukesh Ambani seems to be keen on taking a big bite of the quick service restaurant (QSR) business. is in talks with the world’s largest single...
Cinven buys majority stake in Restaurant Brands’s Iberia unit
Buyout fund Cinven has bought a majority stake in Restaurant Brands International’s unit in the Iberian peninsula, in a deal valuing RB Iberia at 1 billion euros ($1.18 billion), the companies said in a joint statement...
After CCI and NCLAT, FHRAI takes its fight with Oyo to NITI Aayog
After CCI and NCLAT, Federation of Hotel & Restaurant Associations of India (FHRAI) is taking its fight with Oyo to NITI Aayog. FHRAI said it has submitted a representation to NITI Aayog which highlights the...
NCLAT upholds plea to drop insolvency case against Oyo
The National Company Law Appellate Tribunal (NCLAT) has allowed the withdrawal of the ongoing insolvency case against Oyo Hotels and Homes Pvt. Ltd(OHHPL), a unit of the multi-hospitality chain Oravel Stays Pvt. Ltd...
MGM Resorts to own CityCenter, buys partner Dubai World’s stake for over $2 billion
MGM Resorts will buy the remaining 50% stake in its joint venture on the Las Vegas Strip from a unit of investment firm Dubai World for $2.12 billion, the U.S. casino operator said on Thursday. The venture, CityCenter...
Suba Group acquires leisure hospitality chain 1589 Hotels
Mumbai-based hospitality firm, the Suba Group, which operates in the mid-tier segment, has acquired a controlling stake in the leisure budget hospitality chain, 1589 Hotels. The development highlights the consolidation...
Oyo-NCLT case: Hotelier to withdraw insolvency plea against Oyo unit
Gurugram-based hotelier Rakesh K Yadav, who filed a plea with the National Company Law Tribunal against a unit of hospitality firm Oyo, has withdrawn the case after resolving issues with the company. “After open...
Nepal’s CG Corp in advance talks to buy listed hotel brand in India
Nepal-based CG Corp Global is in advance talks to acquire a publicly-listed hotel brand in India, a top company official has said. The company also plans to add 26 new managed hotel properties in the country expected to...
France’s Accor plans to sponsor a SPAC to raise $365 million
Europe’s biggest hotel group Accor said on Thursday it planned to sponsor a blank-check firm to target acquisitions in the leisure, lifestyle and food sectors. The company said in a statement it expected the special...
FHRAI says allowed by NCLAT to intervene in OYO unit insolvency
Industry body Federation of Hotel & Restaurant Associations of India (FHRAI) on Monday said it has been allowed by the National Company Law Appellate Tribunal (NCLAT) to intervene on behalf of hotels in the OYO unit...
