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...

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 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...

IHG (InterContinental Hotels Group), one of the worlds leading hotel companies, has announced the signing of Crowne Plaza Doha West Bay in partnership with Tanmiyat Real Estate. Currently operating as the M Doha Hotel, the hotel is expected to be rebranded by August 2018, aligning with IHGs strategy to grow the Crowne Plaza brand across the region.Dr. Braik Bin Samikh, Chair...

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