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Nepal-based CG Hospitality acquires The Farm at San Benito in Philippines
CG Hospitality, a Nepal-based firm that has joint venture with India-based Taj Hotels Resorts and Palaces, has acquired The Farm at San Benito in Lipa, the Philippines.
JMFARC keen to retain 10% stake in India’s Hotel Leelaventure
JM Financial Asset Reconstruction Company (JMFARC) intends to retain about 10% stake in debt-laden luxury hospitality firm Hotel Leelaventure.
Hyatt Hotels to acquire Two Roads Hospitality for $480m
Hyatt Hotels has signed an agreement to purchase international lifestyle hotel management company Two Roads Hospitality for around $480m.
Select Group acquires 344-room niu Air Frankfurt Hotel
Select Group has acquired 344-room niu Air Frankfurt Hotel from GBI, a hotel developer in Germany, for an undisclosed amount.
Anbang Insurance seeks to divest luxury hotel portfolio
Anbang Insurance is seeking to sell its luxury hotel portfolio it bought in 2016, to raise cash following a takeover by the Chinese government.
Piramal Capital & Housing Finance to invest in hospitality group Samhi
Piramal Capital & Housing Finance Limited (PCHFL), a completely owned subsidiary of India-based Piramal Enterprises, has announced investment of Rs6.5bn ($74.6m) in the Gurgoan based Samhi Group, which owns 29 hotels.
Golden Entertainment to acquire two casino resorts in US
Golden Entertainment has signed an agreement with Marnell Gaming to buy the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort in Laughlin, Nevada, US.
Hoist Group Publishes Bond Prospectus and Applies for Bond Listing on Nasdaq Stockholm
Hoist Group issued on 29 June 2017 senior secured callable floating rate bonds in an aggregated amount of Skr500m with ISIN SE0010101576 within a total framework amount of Skr1bn on the Swedish bond market.
Katara Holding acquires New York’s landmark Plaza Hotel for $600m
Qatar government-owned fund Katara Holding has acquired 100% of Plaza Hotel, a New York hotel in which Sahara India owned majority stake, for about $600m.