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Smart hotel solution provider RestHour raises 50 million yuan

Smart hotel solution provider RestHour raises 50 million yuan

The proceeds will be used to advance technology and expand its presence in new markets.

07/11/2019|9:53:24 AM|ChinaTravelNews
UK investor group makes move for Anbang’s luxury hotel portfolio

UK investor group makes move for Anbang’s luxury hotel portfolio

Anbang bought the properties’ owner, Strategic Hotels & Resorts Inc., from Blackstone Group LP for about $6.5 billion in 2016.

07/10/2019|5:59:41 PM|Skift
Oyo founder in talks to buy back $1.5B shares

Oyo founder in talks to buy back $1.5B shares

The move, unprecedented among leading privately held, new-age Indian startups, will help Agarwal raise his stake to around 30% from the current 10%.

07/09/2019|11:04:42 AM|Economic Times
OYO’s charter restricts SoftBank from acquiring over 50% without investors’ approval

OYO’s charter restricts SoftBank from acquiring over 50% without investors’ approval

The clause was introduced in Oyo’s Articles of Association when the company raised $250 million led by SoftBank in late 2017.

07/08/2019|5:00:26 PM|DealStreetAsia
Modi renews vow to sell Air India after last attempt flopped

Modi renews vow to sell Air India after last attempt flopped

The high-profile divestment would be part of Prime Minister Narendra Modi’s efforts to raise $15.3 billion selling stakes in state-run companies.

07/08/2019|4:59:30 PM|Bloomberg
Ctrip announces $2 billion facility agreement

Ctrip announces $2 billion facility agreement

The agreement was specified for up to USD 2 billion equivalent transferrable term loan facility with a greenshoe option of up to USD 500 million.

07/05/2019|8:49:45 PM|ChinaTravelNews
Amadeus Ventures invests in Dawex to unlock the power of data in travel

Amadeus Ventures invests in Dawex to unlock the power of data in travel

Dawex would act as an enabler, allowing different travel and hospitality players to exchange information in a safe and compliant manner.

07/05/2019|6:22:28 PM|Amadeus
Emerging Travel Group raises $10M to expand RateHawk B2B hotel platform

Emerging Travel Group raises $10M to expand RateHawk B2B hotel platform

The funding will go towards accelerating the group’s expansion, with particular focus on its RateHawk B2B brand.

07/04/2019|1:59:11 PM|Phocuswire
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