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 the ibis Styles Mysuru on KRS Road. This new addition to Mysuru’s hotel landscape marks the fourth collaboration between Brigade Group and Accor, and the second ibis Styles hotel in […]
Blackstone Real Estate, through funds managed by Blackstone, has successfully completed the acquisition of Village Hotels, a prominent UK-based hotel owner, operator, and developer, from affiliates of KSL Capital Partners, a leading investor in the travel and leisure sectors. This acquisition sees Blackstone taking over 33 strategically placed assets across large regional cities and suburban […]
Royal Orchid Hotels Ltd. (ROHL) has expanded its footprint in the National Capital Region with the launch of its latest establishment, Regenta Inn, Gurugram. This marks the fourth hotel by ROHL in the region and the second in Gurugram. Strategically located near Medanta – The Medicity, the new hotel caters primarily to medical tourists, providing […]
In a significant restructuring move, Valor Estate Limited (VEL) has announced a Composite Scheme of Amalgamation and Arrangement that will see the company demerge its hospitality business into a newly formed entity, Advent Hotels International Private Limited. This decision was made at a recent board meeting and marks a pivotal shift in VEL’s operational strategy. […]
365 Retail Markets, a leading global provider of unattended retail technology, has announced the acquisition of Denver-based Impulsify, Inc., a specialist in providing grab-and-go retail solutions primarily within hotels and multifamily communities. This acquisition, effective May 22, 2024, marks a significant expansion for 365 Retail Markets, enhancing its capabilities and extending its reach into new […]
Experience Pinnacle Live, a premier event experience and technology company in the hospitality and event industry, has recently announced its acquisition of Falcon Events. The specific terms of the transaction remain undisclosed, but the strategic move is set to significantly enhance the service offerings of Experience Pinnacle Live. Founded in 2021 by a team of […]
Bite, a leader in intelligent kiosk solutions for the restaurant industry, today announced a significant milestone, securing $9 million in Series A funding. This investment round, led by Staley Capital and supported by Graham Partners, Food-X, One Way Ventures, and Tamarisc Ventures, will empower Bite to further enhance the hospitality experience with its advanced, user-friendly […]
Le Lavoir Limited has announced a noteworthy agreement with Associated Hospitality Private Limited, operating under the brand name AHPL, to provide wet cleaning, washing, and dry-cleaning services to Fairfield by Marriott, Mumbai International Airport. This two-year partnership not only signifies Le Lavoir Limited’s commitment to excellence in laundry services but also marks a pivotal step […]
In a significant development for the restaurant technology sector, Olo Inc. (NYSE:OLO) has announced an expanded partnership with Qu, a pioneer in the restaurant technology arena. This collaboration is set to introduce Olo Pay card-present payment processing through Point-Of-Sale (POS) systems for the first time, marking a milestone in the industry’s move towards comprehensive digital […]