Acquisition
IHG Acquires Six Senses Hotels Resorts Spas for $300m
InterContinental Hotels Group has agreed to buy the brands and operating companies of Six Senses Hotels Resorts Spas for $300 million in cash. Six Senses currently manages 16 hotels and resorts, with 18 management contracts signed in its pipeline, and more than 50 further deals under active discussion. It operates properties in the Maldives, the
Chef Middle East acquires premium beverage company
Chef Middle East, a regional food supplier for the hotel, dining and airline industries, has announced the acquisition of local company Limeline Premium Beverages effective from 30 August 2017. The acquisition will provide Chef Middle East customers with direct access to Limeline’s drinks brands and is expected to create added value for Chef Middle East
Dubai-based Eathos acquires SushiArt brand
Eathos, a Dubai-based restaurant operating company has acquired sushi restaurant chain, SushiArt. The move marks the first acquisition for the company, which has franchise rights for Kababji Grill, Tortilla Mexican Grill and Rita’s Ice. Co-founder of SushiArt, Cedric Cerf, will remain on the management team to oversee the transition period, whilst Eathos takes over operational
