Tag: Acquisitions
Royal Caribbean to sell Azamara brand to private equity firm
Royal Caribbean Group has reached an agreement to sell its Azamara brand to US-based private equity firm Sycamore Partners for US$201 million, as it...
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...
