Luxury Hospitality Daily News
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Latest news about buyouts of groups / hotels

Here you will find the latest articles in this category. Do not hesitate to subscribe to our daily free newsletter to receive upcoming news directly in your inbox.

Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation: On July 26, 2018, Hyatt delivered a letter to the Board of Directors of NH Hotel Group in which we expressed our interest in pursuing a potential acquisition of NH Hotel Group with a separation of th...

Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation: "Hyatt has a demonstrated track record of making strategic investments to extend the reach of our brands and create value for our stakeholders. In keeping with our growth strategy, we submitted a lett...

InterContinental Hotels Group (IHG) is pleased to confirm that its acquisition of a 51% stake in Regent Hotels & Resorts (Regent) has now completed. The 51% interest has been acquired for $39 million in cash, payable in three tranches of $13 million. $13 million was paid on completion, with the second amount due in 2021 and the third in 2024. IHG ...

Minor International (MINT) announces today that it has reached an agreement with HNA Group to purchase an equity stake of 25.2% (on a fully-diluted basis) in NH Hotel Group in a two-tranche transaction valued at EUR 619 million. The purchase follows MINTs earlier purchase of a 9.5% shareholding (on a fully-diluted basis) in NH Hotel Group. MINT also confirms that it will follow Spanish regulations as applicable to launch an ...

AccorHotels and Chilean group Algeciras announce that they signed an agreement with the shareholders of Atton Hoteles in order to acquire the company. As per the agreement, AccorHotels will acquire 100% of the management Company that operates 11 Atton hotels (2,259 rooms) across Chile, Peru, Colombia and Florida, USA. Besides, AccorHotels will acqui...

AccorHotels has today announced that it has signed an agreement with Mvenpick Holding and Kingdom Holding to acquire Mvenpick Hotels & Resorts, for a cash amount of CHF560 million (482 million). The transaction implies a 14.9X 2019e EBITDA multiple before synergies (including transaction costs), and less than 10X pro forma 2019e EBITDA after run rate synergies and committed development pipeli...

Leading hospitality Group acquires 50% stake in Mantis Group, the South Africa-based hospitality and travel conglomerate AccorHotels has today announced a strategic partnership with the South Africa-based Mantis Group, a collection of award winning, privately owned, managed and branded five star properties and lodges lo...

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