Articles for Merger & Acquisition

VITS Hotels Signs Joint Venture with Exhicon

The new entity will operate under VITS-EXHICON (Thailand) Co. Ltd. and an office with seasoned team of professionals will be established in Bangkok. Vikram Kamat and Chandrakant Shetty will be Directors in the new entity.

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ITDC signs Transfer Agreement for Hotel Jaipur Ashok with Rajasthan Govt.

With the signing of agreement at Paryatan Bhawan, the Hotel Jaipur Ashok located at Collectorate Circle would now be operated and managed by the Rajasthan State Hotel Corporation Ltd, with new identity ‘Hotel Jaipur’.

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RCI Partners With Neonz Club Gujarat

Gujarat is one of the most vibrant coastal states of India that has filled with rich culture, crafts, arts and natural beauty. It is home to the longest coastline, renowned temples, architectural marvels, wildlife sanctuaries and cuisine, making it an ideal getaway for a refreshing vacation.

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IHG Partners with SAMHI to Expand Holiday Inn Express Portfolio in India

The partnership has strengthened IHG’s presence across India, with the newly signed hotels located across 11 key cities, resulting in 90% of Holiday Inn Express portfolio being concentrated in Tier 1 cities.

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Preferred Hotels & Resorts Welcomes 25 New Member Hotels

Travelers can access exclusive member rates and earn reward points at many of these properties through the Preferred Hotels & Resorts iPrefer hotel rewards program.

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Chef Gautam Chaudhary Acquires a Gurugram Based Health Food Startup

With over 20 years of culinary and management experience, ‘Chef Gautam Chaudhary’ acquires ‘World in a Box’, a Gurugram based health food startup.

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Roseate Hotels and Resorts Acquires Third Hotel in UK

Acquired from the independently owned Kaleidoscope Collection, Villa at Henrietta Park is Roseate Hotels and Resort’s third property in the UK. The two existing properties being The Royal Park London –a Roseate House hotel, and - The Forbury Roseate in Reading.

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StayWell Hospitality Group Acquired by Prince Hotels

Prince Hotels, a subsidiary of Seibu Holdings, will add StayWell Groups 30 hotels globally to its own network and there are plans to add 100 hotels in the next decade.

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