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 […]
Pebblebrook acquisition of LaSalle : Pebblebrook Hotel Trust has agreed to acquire 100% of rival Maryland-based hotel real estate investment trust (REIT) company LaSalle Hotel Properties in a deal worth $5.2 billion. Pebblebrook acquisition of LaSalle will create an enlarged hotel REIT that is expected to become the largest owner of independent hotels and the […]
Hotel acquisition news : US-based global private investment company Starwood Capital Group has agreed to acquire Sofitel Budapest Chain Bridge Hotel, a luxury hotel in Budapest, Hungary from hotel operator Orbis Hotel Group for €75 million. The Sofitel Budapest Chain Bridge Hotel is an eight-storied five star hotel located near the River Danube, Hungarian Parliament […]