Articles for Merger & Acquisition

Hinduja Group and OHL Desarrollos Announces Raffles as the Brand for the OWO Residences

The OWO Residences by Raffles will be the first Raffles-branded residences in the UK and Europe, further reinforcing the uniqueness of the offering.

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Oberoi Hotels Appoints Mirum India for Marketing Cloud Services

Mirum India will be responsible for implementation of Salesforce Marketing Cloud, as well as for data collection and integration with marketing automation platform.

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Accor and Alibaba Group Enter into Strategic Partnership

The two innovative companies join forces to foster digitalization of global tourism

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Hyatt Announces Expansion Plan in India

This expansion includes hotels in eight new markets in the country, thereby establishing Hyatt’s brand presence across 27 cities in India over the next 24 months.

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Mövenpick Hotels & Resorts Signs Management Deal to Open its First European Mountain Resort

The hotel is set to open in 2021 and will be Mövenpick Hotels & Resorts’ seventh property in Switzerland.

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Brookfield Closes Rs 3,950 Cr Deal with Leela Venture

The board of Hotel Leelaventure approved on Monday the sale and transfer of four of its hotel properties to an affiliate of BSREP III, Brookfield’s latest real estate fund.

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Sarovar Hotels and Resorts Announces its Next Project in Greater Noida West

Upon completion in mid-2019, The Gaurs Sarovar Portico will offer its guests 72 rooms with all upscale amenities, a specialty restaurant and bar, and a banquet hall and party lawns with a capacity of over 10,000 people.

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Hyatt to Acquire Two Roads Hospitality; To Surge Existing Global Portfolio of 750 hotels by 85 Properties

The acquisition consists of a base purchase price of USD 480 mn, while Hyatt can further consider to invest up to an additional USD 120 mn in the aggregate, contingent on the outcome of certain terms to be individually defined after closing, a release issue here read.

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