Oyo’s parent, Oravel Stays, has agreed to acquire American budget hotel chain G6 Hospitality, owner of the “iconic” Motel 6 and Studio 6 brands, from Blackstone Real Estate in a $525 million all-cash deal, PTI...
NCLAT stays order to re-run Rajesh Business’ bankruptcy process
The National Company Law Appellate Tribunal (NCLAT) has stayed a lower court’s order asking creditors of Rajesh Business & Leisure Hotels to restart a bankruptcy process after an appeal by lead lender ICICI...
BCM Group acquires five star property The Golden Palms Resorts and Spa
BCM Group has acquired Bengaluru’s five-star hotel, The Golden Palms Resorts and Spa, the diversified group’s managing director Rajesh Mehta told ET without disclosing the financial details of the deal. The resort...
BCM Group acquires five star property The Golden Palms Resorts and Spa
BCM Group has acquired Bengaluru’s five-star hotel, The Golden Palms Resorts and Spa, the diversified group’s managing director Rajesh Mehta told ET without disclosing the financial details of the deal. The resort...
Brewing giant Asahi set to sell restaurant business, Nikkei reports
Asahi Group plans to sell its struggling restaurant business, Nadaman, to a Japanese peer as the country’s biggest brewer looks to exit the segment to focus on alcoholic and other beverages, Nikkei reported on...
Olive Garden parent Darden to buy Chuy’s in $605 mln deal
Darden Restaurants, owner of the Olive Garden chain, has agreed to buy full-service restaurant operator Chuy’s Holdings in an all-cash deal which has an enterprise value of $605 million, the companies said on...
NCLT dismisses resolution for Rajesh Lifespaces’ hotels business, orders rerun
The National Company Law Tribunal (NCLT) has dismissed the resolution plan submitted for realty developer Rajesh Lifespaces’ hotel business, Rajesh Business & Leisure Hotels, citing non-conformity with...
ITC shareholders approve demerger of hotel biz with 99.6% majority votes
ITC shareholders in their meeting held on Thursday, June 6, approved the demerger of the FMCG giant’s hotel business segment, which has paved the way for the listing of ITC Hotels. With an overwhelming majority...
ITC hotel demerger plan gets competition watchdog’s approval
The Competition Commission of India (CCI) approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. After the completion of the demerger, shares of ITC Hotels Ltd, a new entity...
Brookfield in talks with bankers to take Leela Hotels public
Brookfield Asset Management has plans to list its luxury hotel chain, The Leela Palaces, Hotels & Resorts, and is in talks with bankers for the process, people familiar with the matter told ET. Brookfield had...
Playa Bowls’ owners explore sale of restaurant chain, sources say
The private equity owners of Playa Bowls are exploring options including a potential sale of the acai bowl chain that could value it at more than $300 million, according to people familiar with the matter. New Jersey...
Blackstone to buy restaurant chain Tropical Smoothie
Blackstone has agreed to buy Tropical Smoothie Cafe, the private equity firm said on Wednesday, in a deal that a source said valued the restaurant chain at $2 billion. The Atlanta-based company began operating as a...
