M&A activity [big deals/small deals]
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Speculation surrounding a possible takeover of InterContinental Hotels Group (IHG) continues to fuel the company's phenomenal share price rise.
Posted: 04 January 2007 | 12:00
One of the rejected suitors for the Hard Rock Café chain has filed a lawsuit alleging the Seminole Tribe of Florida was the successful buyer because of improper collusion and bid-rigging.
Posted: 03 January 2007 | 14:32
Travel agency First Choice has acquired LateRooms.com for a fee that could rise to £120m.
Posted: 02 January 2007 | 16:37
An Israeli/Irish consortium is set to complete a £1b deal with Royal Bank of Scotland for 47 Marriot hotels.
Posted: 02 January 2007 | 16:01
Little Chef will make an announcement this afternoon about the future of the roadside chain.
Posted: 02 January 2007 | 13:00
A round-up of the weekend's news affecting the hospitality industry. News includes: The latest on the Little Chef crisis; 47 Marriott hotels sold to Israeli property company; New investor for Dublin five-star hotel and more...
Posted: 02 January 2007 | 10:43
Little Chef, once the nation’s favourite roadside diner, will be forced into administration next week if last-ditch talks to keep the company afloat fail this weekend, according to a report in the Times.
Posted: 30 December 2006 | 09:55
A round-up of the weekend's news affecting the hospitality industry. News includes: Little Chef; Simon Cowell and Principal Hotels; Burger King; Krispy Kreme; and Food Standards Agency.
Posted: 28 December 2006 | 10:07
Blackstone's purchase of Café Rouge owner Tragus Holdings for £267m represents a huge endorsement of the restaurant group's management, analysts said this week.
Posted: 22 December 2006 | 11:00
Apex Hotels has made two new site acquisitions, boasting its portfolio to seven.
Posted: 22 December 2006 | 08:00
London Town group’s shareholders have approved the purchase of 167 pubs from entrepreneur Jack Petchy in a £94.57m deal.
Posted: 22 December 2006 | 07:58
Leisure Cross Oak Inns, the gastropub group, is reportedly in talks to acquire the Bel and The Dragon pub-restaurant chain.
Posted: 21 December 2006 | 14:39
Von Essen has lost a High Court battle for £165,000 in damages that arose during the £13m purchase of four Cotswold hotels.
Posted: 21 December 2006 | 08:30
The value of global hotel deals are set to hit $70b (£35.6b) this year, according to new statistics from property agents Jones Lang LaSalle.
Posted: 20 December 2006 | 15:58
Crerar Hotels has agreed a deal to manage six former Swallow Hotels owned by Matrix Asset Management.
Posted: 20 December 2006 | 15:26
Folio Hotels has snapped up three Highland properties formerly owned by the collapsed Swallow group.
Posted: 20 December 2006 | 11:52
Property development group London Town has bought 167 pubs from entrepreneur Jack Petchy in a £94.57m deal, which heralds its newly awakened appetite for acquisitions in the sector.
Posted: 19 December 2006 | 13:25
Town Centre Restaurants (TCR) has completed a secondary buyout, which has seen private equity group Gresham buy Bank of Scotland’s 70% stake in the business for £48m.
Posted: 19 December 2006 | 12:11
A round up of the weekend's news affecting the hospitality industry - including Little Chef in bid to raise more funds
Posted: 18 December 2006 | 13:00
Café Rouge owner Tragus Holdings has been bought by investment group Blackstone for £267m, it was announced today.
Posted: 15 December 2006 | 14:43
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