FUNDING, MERGERS & ACQUISITION NEWS
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Qatari-backed fund offers US$1.5B to take Papa Johns’ private at 44% premium
A successful acquisition would rank among Irth’s first major transactions since its launch.
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Virgin Limited Edition closes Ulusaba for two-year redesign, reopening April 2027
It will also feature new facilities including cold plunge pools, Himalayan salt saunas, hydrotherapy pools, rasul mud experiences, a tactile reflexology walkway and a yoga deck with panoramic views.
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Marriott brings The Luxury Collection to Cambodia, Laos through historic hotel conversions
Both properties will undergo thoughtful enhancements aligning with The Luxury Collection’s global standards while preserving architectural character, cultural authenticity and longstanding heritage.
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Talabat proposes 5% share buyback after record US$421M dividend payout
The programme, if approved at the 13 April 2026 AGM, will be funded from existing cash resources and ongoing free cash flow generation.
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Chowbus raises US$81M to build AI platform for culturally rooted independent restaurants
While the company built its reputation around integrated POS and management tools for Asian and immigrant-owned restaurants, leadership now intends to expand into operational services including marketing automation, accounting workflows, supply ordering, and insurance.
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Six Senses London opens at Whiteley, world’s first Six Senses Place, Wellness Sanctuary
Further, there are thirteen wellness spaces, and six treatment rooms encompass cryotherapy, flotation, red-light therapies, a traditional hammam and a sensory suite.
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Devyani International merges 3 subsidiaries, consolidating 100 outlets across 40 Indian cities
By absorbing them directly, DIL eliminates redundant administrative layers and creates a more efficient management structure.
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TGE acquires Hilton Garden Inn hotel for US$69M, plans world’s first art newspaper house
TGE aims to open four to five properties under The Art Newspaper Hotel brand within the next five years, with some featuring exclusive private clubs and premium dining experiences.
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Latitude Hotel Group enters Tanzania with 80-Room Kigamboni resort
The outdoor performance venue accommodating up to 5,000 people represents a significant differentiator in East Africa’s hospitality landscape.
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Egypt launches airport privatization, US$4.1B expansion to boost tourism growth
In addition, upgrade plans extend to Luxor International Airport, Borg El Arab in Alexandria, and El Alamein International Airport, alongside construction of a new passenger terminal at Capital International Airport and establishing international airports in Saint Catherine and Arish.