Deal▲ Bullish for Viceroy Hotels
Kamath brothers acquire 6.72% stake in Viceroy Hotels
The brief
- The Kamath brothers acquired a 6.72% stake in Viceroy Hotels through two investment vehicles
- The stake purchase may draw attention to Viceroy Hotels, though its operating outlook is not given
- Fleur to deploy $1 bn as Lemon Tree splits ownership, management businesses
- Lemon Tree targets 9,000-room Fleur portfolio before listing, sees demerger unlocking value
- Prestige Estates raises ₹3,000 crore from CPPIB for hospitality arm
- CPP Investments buys 27% of Prestige’s hospitality arm for ₹3,000 crore
- Equity capital inflow in real estate, data centre, hotel assets doubles to USD 9.5 bn in Jul-Sep: CBRE