Tags Acquisitions

Tag: Acquisitions

Hyundai picks up controlling stake in Asiana Airlines

A consortium led by South Korean construction firm Hyundai Development Company (HDC) has been named as the preferred bidder to acquire a 31 per...

China’s Huazhu nabs Germany’s Deutsche Hospitality for US$775 million

China's hotel operator and franchiser Huazhu Group is expanding its global reach through a multimillion-dollar deal. Through its wholly owned subsidiary China Lodging Holding Singapore,...

Fosun snaps up Thomas Cook’s brand name for US$14.3 million

China's Fosun Tourism Group has acquired the Thomas Cook brand name, along with subsidiary hotel chains Casa Cook and Cook's Club, for £11 million...

Thousands of jobs saved as Hays Travel snaps up Thomas Cook...

The sale of 555 Thomas Cook UK shops to Hays Travel is a potential game-changer that could save up to 2,500 jobs. All the Thomas...

Hotel data firm STR acquired for US$450 million

Commercial real estate information provider CoStar Group has entered into an agreement to acquire STR, one of the world's biggest hospitality data and intelligence...

SoftBank and Oyo pick up majority stake in Japan’s MDI

Indian hospitality chain Oyo Hotels & Homes and its principal backer SoftBank Group have jointly acquired an 80 per cent stake in Japanese apartment...

Thailand’s Singha Estate snaps up six Outrigger resorts for US$250mn

Singha Estate, the property arm of Thai beer company Boon Rawd Brewery, last week announced it will buy six hotels across four countries from...

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