M&A activity [big deals/small deals]

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Travelodge is ready to resist £1b Whitbread takeover bid

travelodge logoTravelodge rallied its defences publicly for the first time this week following increasing speculation that rival Whitbread was preparing a £1b takeover bid.
Posted: 08 February 2006 | 00:00

M&B and Whitbread linked to deals

Andrew SangsterMitchells & Butlers, the listed pub group, is rumoured to be taking a close look at Whitbread’s pub restaurant business.
Posted: 07 February 2006 | 15:48

Admiral buys 376 pubs from KUC

Admiral Taverns has agreed to buy 376 tenanted pubs from KUC (Public Houses) for £137.5m in cash.
Posted: 07 February 2006 | 12:58

What the weekend papers say

weekend papersA round-up of the weekend's news affecting the hospitality industry. News includes: Great Eastern Hotel in takeover bid; Domino's dismisses easyJet bid; Politicians warned not to stay at Dublin hotel; Premier Travel eyes up Travelodge...
Posted: 06 February 2006 | 10:12

News in brief

Capital Pub Company expands London's Capital Pub Company has bought 10 west London pubs from Spirit Group. Capital, which is funded through two Enterprise Investment Schemes, has recently raised £3.6m through corporate financiers Noble & Company to finance the deal. It brings Capital's freehold estate to 26, after the sale of the White Hart pub in the City of London last month and leasing of the Balham Arms, Balham, to a third-party, Scott Collins. InterContinental sell-off InterContinental Hotels Group (IHG) is disposing of a further £600m-worth of European hotels. Seven InterContinental-branded properties in Amsterdam, Budapest, Cannes, Rome, Frankfurt, Madrid and Vienna have been put on the market complete with management contracts. It also plans to dispose of its owned mid-scale European hotel portfolio, but will retain the IHG branding. So far, the hotel company has disposed of, or is in the process of disposing of, 176 hotels wit
Posted: 06 February 2006 | 10:11

Fairmont and Raffles to unite in £2b deal

Canadian luxury hotel group Fairmont is to join forces with top Asian hotel brand Raffles in a massive £2b deal.
Posted: 03 February 2006 | 00:00

Takeover moves for ailing Tootsies

Struggling burger chain Tootsies' future is under the spotlight again after owner Urban Dining admitted it had received several takeover approaches.
Posted: 03 February 2006 | 00:00

MBI acquires Scotsman Hotel Group

Boutique hotel operator the Scotsman Hotel Group has been bought for more than £60m by MBI International, a £2b multinational corporation owned by Saudi tycoon Sheikh Mohamed Bin Issa Al Jaber.
Posted: 03 February 2006 | 00:00

Hilton rejects £3.7b offer for Ladbrokes

Hilton group logoHilton Group has rejected a £3.7b offer for its gaming and betting arm Ladbrokes.
Posted: 02 February 2006 | 10:49

Arora Family Trust buys nine airport hotels

Hilton, GatwickProperty investment company Arora Family Trust has bought nine hotels from Airport Hotels Unit Trust (AHUT) for more than £300m.
Posted: 01 February 2006 | 13:44

Scotsman Hotel Group sold for £60m-plus

The Scotsman hotelBoutique hotel operator the Scotsman Hotel Group has been bought for more than £60m by MBI International.
Posted: 31 January 2006 | 09:57

Fairmont saved from hostile takeover

Fairmont Hotel QuebecCanadian hotel group Fairmont has been saved from a hostile takeover, after its board agreed to be acquired by Kingdom Hotels and Colony Capital.
Posted: 30 January 2006 | 16:22

Worldwide briefing

world newsEssential news from around the world, including: US first for Jumeirah; Former Bonaparte property is first European hotel for Shangri-La; Trump does travel; Global Hyatt launches new brand...
Posted: 27 January 2006 | 16:41

Hilton Group shareholders back £3.3b sale of hotels arm

Hilton Group shareholders have backed the gaming and hospitality group’s £3.3b sale of its hotels arm to American Hilton Hotel Corporation (HHC).
Posted: 27 January 2006 | 16:00

Paramount rebrands its hotels

Walton, Wellesbourne, WarwickshireParamount Hotels, owned by Dawnay Shore Hotels, has announced it is re-branding after its recent purchase of Furlong hotels.
Posted: 26 January 2006 | 13:10

Buyers line up for Tootsies

Tootsies logoStruggling Urban Dining, which announced in November it was abandoning its strategy of consolidation, has received several approaches for the business.
Posted: 26 January 2006 | 12:32

Five-year tie-in may obstruct SSP sale

Compass Group's sale of its travel concession business SSP may have hit a stumbling block over a supply clause in the deal.
Posted: 26 January 2006 | 12:30

FishWorks buys Channel Fisheries

FishWorks restaurant, IslingtonFishWorks, which moved to the Alternative Investment Market (AIM) last year, has bought its own seafood supplier for almost £1m.
Posted: 24 January 2006 | 14:35

Worldwide briefing

World newsEssential news from around the world, including: Fairmont moves to Turks and Caicos; Rezidor opens in Azerbaijan; Zleep expands further; New York to get water park, Starwood facing charges...
Posted: 20 January 2006 | 11:02

Ultimate may face bidders

Bar and nightclub operator Ultimate Leisure may soon face a takeover just a month after failing to buy rival Inventive Leisure.
Posted: 19 January 2006 | 10:19

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12th October 2008