Chalet Hotels delivers record Q2 FY25 performance with 20% revenue increase
Chalet Hotels Limited reported its highest-ever revenue growth for the second quarter of FY25, ending September 30, 2024. The company announced a total income of ... Read More
Benares Hotels Limited posts resilient Q2 FY 2024-25 performance despite revenue dip
Benares Hotels Limited (BHL), a subsidiary of The Indian Hotels Company Limited (IHCL), has released its financial results for the second quarter (Q2) and half-year ... Read More
SAMHI Hotels strengthens Bengaluru presence with Innmar Tourism and Hotels acquisition
SAMHI Hotels Limited has made a significant move to boost its portfolio with the acquisition of Innmar Tourism and Hotels Private Limited. The company announced ... Read More
OYO seals $525m deal to acquire G6 Hospitality from Blackstone
In a monumental move, OYO is set to acquire G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone Real Estate in ... Read More
Leela Palaces plans biggest hotel IPO in history at Rs 5,000cr
Luxury hotel group Leela Palaces, Hotels and Resorts, owned by Canadian investment giant Brookfield Asset Management, is gearing up for a groundbreaking Rs 5,000 crore ... Read More
Wynn Las Vegas hit with massive $130m DOJ settlement in shocking money laundering case
Wynn Resorts, the operator of Wynn Las Vegas, has agreed to forfeit $130 million to the U.S. Department of Justice (DOJ) to resolve a long-standing ... Read More
Big news in hospitality: Hyatt to take over The Standard and Bunkhouse Hotels
Hyatt Hotels Corporation (NYSE: H) has announced its intent to acquire Standard International, the parent company of The Standard and Bunkhouse Hotels, marking a significant ... Read More
Brigade Group and Accor launch ibis Styles Mysuru: A fusion of modern comfort and cultural heritage
In a major development for the hospitality industry, Brigade Group, a leading property developer in India, and Accor, a global hospitality giant, have officially opened ... Read More
JLL Hotels & Hospitality secures $620m for Hyatt Regency Orlando acquisition financing
JLL Hotels & Hospitality Group has successfully secured a substantial $620 million in acquisition financing for the Hyatt Regency Orlando, a prestigious AAA Four Diamond ... Read More
Hyatt Regency Orlando sold for $1.07bn: A major milestone in Hyatt’s asset strategy
Hyatt Hotels Corporation has finalised the sale of the Hyatt Regency Orlando for approximately $1.07 billion, a landmark transaction in its capital allocation strategy. This ... Read More