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HOTEL MERGER
Betting on India’s travel boom? Motilal Oswal sees TBO Tek and Ixigo as key beneficiariesThe industry has evolved significantly over the past two decades—from a fragmented, offline agent-driven market to a digitally enabled ecos...- The crypto-treasury dream unravels after a 90% stock plungeReserveOne had agreed to combine with M3-Brigade Acquisition V Corp., a special-purpose acquisition company, or SPAC, whose sole purpose is...
- Quant Mutual Fund bets on under-owned, under-researched, undervalued and neglected territory stocks for alpha generationQuant Mutual Fund is strategically focusing on under-owned, under-researched, and neglected market segments for higher alpha generation. Th...
- Be cautious on IT stocks, back energy and telecom: Neeraj DewanMarket expert Neeraj Dewan advises caution in IT, favoring energy, telecom, FMCG, and select consumer durables for better risk-reward. He s...
- Powerus backed by Trump sons looks to sell drone interceptors to Gulf states being attacked by IranPowerus cofounder Brett Velicovich told The Associated Press that the company is making sales pitches that include drone demonstrations in ...
- US Stocks: US food giant Sysco strikes $29 billion deal for catering supplier Restaurant Depot; shares drop 12%Sysco said on Monday it would buy catering supplier Jetro Restaurant Depot in a $29 billion deal, including debt, expanding the top U.S. f...
- Choice Hotels makes $7.8 billion Wyndham offer public after merger talks break downShares of Wyndham jumped as much as 13% to $78.48 in morning trade, but were well below the offer price of $90 per share. The company did n...
- Saudi Arabia's Dur Hospitality Co and Taiba Investments Co in merger talksDur and Taiba announced the merger talks in similar bourse statements on Sunday, adding that an agreement may not be reached between to the...
- Hotelogix, AxisRooms and RepUp announce merger to offer 'full-stack' solutions for hotelsHotelogix said the three-way merger will create an integrated platform which will cover operations, distribution, reputation, marketing aut...
- Hotelogix, AxisRooms, RepUp merge to offer full-stack solution for hotelsAccel Partners, Vertex Ventures, Saama Capital and Seedfund amongst others are existing investors of the companies and are backing this mer...
- Hospitality M&A deals to exceed $ 800 million in 2020: HVSIn its new report titled HVS India Hospitality Industry Overview 2019, the company states the hospitality sector witnessed an over 31% grow...
- Tatas to cut down number of companies listed on boursesThe group’s thinking is that some listed companies are small in terms of market capitalisation, revenue and profit, and these could be fold...
- Marriott International puts in place new leadership structure in IndiaNeeraj Govil will head India in his new role as area VP South Asia, Marriott International, and there are new regional head positions.
- Competition Commission of India gives its nod to Marriott-Starwood dealIn a tweet, the Competition Commission of India (CCI) said it has approved the acquisition of Starwood Hotels & Resorts Worldwide.
- Wyndham Hotel Group sets sight on Sarovar Hotels and ResortsSenior executives from Wyndham have already held initial talks with the top brass of Sarovar Hotels, promoted by Anil Madhok.
- Marriott’s $12.2-billion deal to buy Starwood may trigger top-level churnWhile the companies have announced that Arne Sorenson, president and CEO of Marriott International, will head the combined entity post the ...
- CCI approves merger of DLF Construction & DLF Hotels and Apartments with DLF ProjectsThe three companies had filed a joint notice on February 10, 2012 with the CCI under sub-section (2) of Section 6 of the Competition Act, 2...
- Jaypee Hotels to hold shareholders meet to get nod for mergerJaypee Hotels today said it will hold a meeting of its shareholders and creditors this month to seek their nod for the merger of the compan...
- Jaypee Group merges arms with Jaiprakash AssociatesDiversified infrastructural industrial conglomerate Jaypee Group is merging its hotel, cement, real estate and construction subsidiaries wi...
- Jaypee Hotels board approves merger with Jaiprakash AssociatesHospitality major Jaypee Hotels today said it has received approval from its board for the merger of the company with parent firm Jaiprakas...
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