M&A activity [big deals/small deals]
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Shareholders of the Four Seasons hotel group have voted to approve the $3.37b (£1.71b) sale of the company to private investors.
Posted: 10 April 2007 | 16:16
A round-up of the weekend's news affecting the hospitality industry. News includes: Shares in M&B dip after refusal to split the group;
London-based hotel group spends £29m on Chinese hotel and more...
Posted: 10 April 2007 | 10:38
A former Savoy pastry chef has bought one of London’s best known chocolate retailers, The Chocolate Society.
Posted: 09 April 2007 | 08:00
Pubs ‘n’ Bars has said its purchase of rival pub company Moorgate London for £6.6m has been delayed due to “a minor technicality”.
Posted: 05 April 2007 | 15:00
Café Rouge owner Tragus has lost the race to secure tapas chain La Tasca.
Posted: 05 April 2007 | 12:42
Tragus Bibco will not be increasing their 192p per share offer for Spanish restaurant chain La Tasca in the light of this morning’s offer from Robert Tchenguiz leaving the winning bid in the hands of shareholders.
Posted: 04 April 2007 | 18:33
Whitbread is thought to have received three firm bids of more than £900m for it’s David Lloyd Leisure Division.
Posted: 04 April 2007 | 13:44
Robert Tchenguiz has upped the stakes in the bidding war for Spanish tapas chain La Tasca with a 200p per share bid, made through his investment vehicle R20 and Icelandic bank Kaupthing, which values the company at £104.2m.
Posted: 04 April 2007 | 10:31
All eyes are on how Iranian entrepreneur Robert Tchenguiz and Icelandic bank Kaupthing will respond in their battle to buy casual dining chain La Tasca.
Posted: 03 April 2007 | 10:21
Pubs ‘n’ Bars has bought rival pub company Moorgate London for £6.6m. Moorgate London is an estate of seven freehold public houses in Hertfordshire and Oxfordshire.
Posted: 02 April 2007 | 10:58
Tragus has moved to head off a counter bid for Spanish tapas chain La Tasca with a new deal worth £99.7m.
Posted: 30 March 2007 | 18:11
Essential news from around the world, including: Accor to open first hotel in Taiwan; McDonald’s reported to sell off Latin American restaurants and more...
Posted: 26 March 2007 | 08:30
East Anglian hotel group Butterfly Hotels has branched out of the region and acquired a new property in Nottingham.
Posted: 22 March 2007 | 17:50
Orient-Express Hotels, owner of the iconic train and some of the world’s top luxury hotels, is reportedly on the market for a fee of more than £1.5b.
Posted: 22 March 2007 | 12:42
Swiss-born Kurt Ritter has been president and chief executive of the Rezidor Hotel Group since 1989, after joining the company in 1976 as general manager of the SAS Luleå hotel in Sweden. The group is entering an exciting new phase following its flotation last year. He talks to Emily Manson
Posted: 22 March 2007 | 00:00
Company will target staff from other hospitality businesses
Posted: 22 March 2007 | 00:00
Cater Plus Services has been bought by a team led by two ex-Sodexho directors.
Posted: 20 March 2007 | 15:52
A round-up of the weekend's news affecting the hospitality industry. News includes: London’s Blakes hotel looks to international expansion; M&B facing hostile takeover bid; Rocco sells Cardiff St David’s Hotel and more...
Posted: 19 March 2007 | 09:33
Rocco Forte Hotels has sold its five-star St David’s hotel and spa in Cardiff to Principal Hotels for £32.5m.
Posted: 16 March 2007 | 16:00
London Town is buying 39 pubs from a property holding company for £16.24m, the pub operator has announced.
Posted: 16 March 2007 | 14:56
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