CHL has entered into definitive agreements to acquire the retreat for an enterprise value of Rs 1,330 mn
acquisition
Posted inBusiness
Air India signs agreement to acquire AirAsia
Commences process to merge with Air India Express into a single Low-Cost Carrier
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Wyndham Hotels and Resorts acquires European hotel brand Vienna House
Tuck-in acquisition becomes Wyndham's 23rd brand, bolstering the Company’s upscale and midscale presence with ~40 hotels in Europe Vienna House by Wyndham Andel’s Berlin, Germany.
Posted inBusiness
Ascott acquires Oakwood to fast-track growth to over 150,000 units globally
Acquisition adds to recurring fee income streams and expands lodging offerings to strengthen Ascott’s leading position
Posted inProducts
Curefoods acquires majority stake in Frozen Bottle
Curefoods aims to make Frozen Bottle a one-stop-shop in the milkshakes and dessert category and expand its portfolio to include a mix of Curefoods snack brands
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Agilysys to acquire ResortSuite
This acquisition creates the opportunity to bring next generation Software as a Solution options to ResortSuite customers
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Blackstone Real Estate announces acquisition of Embassy Industrial Parks
Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics.
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Preferred Hotel Group announces acquisition of Beyond Green Travel
The acquisition expands the suite of destination stewardship services offered by Beyond Green Travel through a unique partnership with PHG Consulting, Preferred’s global travel and tourism marketing and consulting agency.
Posted inBusiness
Noesis Capital Advisors Satyadeo Hospitality announce the acquisition of Golden Tulip and a revenue share lease agreement with Bloom Hotel Group
Along with the acquisition of Golden Tulip’s 73 operational rooms, Bloom Suites will be re-launched as Hotel Bloom Suites in Bengaluru.
Posted inBusiness
Uber Eats ‘redirected’ to Zomato for $350 million and close to 10% shareholding
The exit from the business for Uber Eats can result in annualised savings of nearly $750 million