Cendyn, a technology solutions provider for hoteliers, has acquired digitalhotelier, a London-based hotel solutions provider, for an undisclosed price. Digitalhotelier is engaged in providing hotels around the world with integrated distribution, design, demand generation, development, and data intelligence solutions. The company help hoteliers in acquiring more direct reservations, boost ancillary revenues, cut down distribution costs, […]
Chalet Hotels Ltd said that it will develop a 4-star terminal hotel at the Indira Gandhi International Airport in New Delhi at a site located opposite Terminal 3. In this regard, Chalet Hotels has executed acceptance of the letter of intent to award from the Delhi International Airport Limited (DIAL) for designing, developing, financing, operating, […]
Lemon Tree Hotels Limited said that it has inked a license agreement for a 51-room hotel in Anjuna, Goa, which will be operated by its hotel management arm and subsidiary Carnation Hotels Private Limited. The Goa hotel in Anjuna will operate under the Lemon Tree Hotels brand. It has a restaurant, spa, bar, gym, swimming […]
EVENT Hospitality & Entertainment has agreed to sell the Rydges North Sydney hotel to JD North Sydney Services and JD North Sydney Business for AUD 75 million ($53.7 million). The buyers are subsidiaries of a Singaporean entity and investment affiliates of High Street Holdings. Previously, EVENT Hospitality & Entertainment determined that the Rydges North Sydney […]
Hersha Hospitality Trust has signed a deal worth $505 million with an undisclosed party to divest seven of its non-core Urban Select Service properties located outside of New York. The consideration comes to nearly $360,000 per key, said the publicly-listed US-based real estate investment trust in the hospitality sector. The deal includes Courtyard Brookline, Hampton […]
Vikas Lifecare Limited said that it is planning to acquire a company owning a 5-star hotel in Delhi NCR for a sum of around Rs. 1,20,00 crores in a move to diversify its business interests. In this connection, the Indian polymer and polymer additive related chemicals trading company has evaluated and decided to submit an […]
The Mukesh Ambani led Reliance Industries Limited is set to acquire a 73.37% stake in Mandarin Oriental New York, a luxury hotel in New York City for about $98.15 million. The transaction will be carried out by the Indian conglomerate’s fully-owned subsidiary — Reliance Industrial Investments and Holdings Limited (RIIHL). It will be through the […]
Agilysys, a US-based hospitality software provider, has agreed to acquire Canadian property management solution provider ResortSuite in an all-cash deal worth around $25 million. ResortSuite caters to the complex multi-amenity and resort market. The company offers an integrated suite of hospitality solutions that include spa, golf, retail, food and beverage, sales and catering, ski, and […]
Booking Holdings, a provider of online travel and associated services, has agreed to acquire Getaroom, a B2B distributor of hotel rooms, from private equity firm Court Square Capital Partners for a sum of around $1.2 billion. Based in Dallas, Texas, Getaroom mainly caters to leisure travelers within or traveling to North America. The hotel rooms […]
Condor Hospitality Trust, a Maryland-based real estate investment trust company, has agreed to sell its full portfolio of hotels with affiliates of Blackstone Real Estate Partners for $305 million in an all-cash deal. The deal involves the sale of 15 hotels in eight states. The hotels of Condor Hospitality Trust are franchised by Hilton, InterContinental […]
