IndiGo, Accor To Acquire Majority Stake In Treebo Hotels

Share via:


SUMMARY

The French company claimed that the combined strength of Accor and Treebo will create India’s third-largest hospitality player with over 30,000 rooms

As part of the pact, Treebo will also take the “lead” to develop Accor’s two hotel brands – Ibis and Mercure – in India through a master license agreement

Treebo, which has raised $85 Mn to date, is a budget hotel chain that operates more than 1,000 hotels across 120+ cities

Aviation giant IndiGo’s parent InterGlobe Aviation and French hospitality major…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

IndiGo, Accor To Acquire Majority Stake In Treebo Hotels


SUMMARY

The French company claimed that the combined strength of Accor and Treebo will create India’s third-largest hospitality player with over 30,000 rooms

As part of the pact, Treebo will also take the “lead” to develop Accor’s two hotel brands – Ibis and Mercure – in India through a master license agreement

Treebo, which has raised $85 Mn to date, is a budget hotel chain that operates more than 1,000 hotels across 120+ cities

Aviation giant IndiGo’s parent InterGlobe Aviation and French hospitality major…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

HC Directs Google To Deposit Penalty For Flouting Forex...

SUMMARY The HC, in a judgement passed last month,...

Gensol Get SEBI’s Whiplash, Gupshup Trims 500 Jobs &...

Jaggi Brothers Accused Of Using Gensol’s Funds As...

American shoppers turn to Chinese ecommerce on tariff fears

DHgate has reached second place in Apple’s US...

Popular

Upcoming Events

Beats Launches Durable Charging Cables in India: Prices, Colors,...

Audio brand Beats has officially forayed into the...

Move beyond Trump’s tariff war: Former Niti Aayog CEO...

Former NITI Aayog CEO Amitabh Kant has delivered...

AI action figures flood social media

This week, actress Brooke Shields posted an image...
GdfFD GFD GFD GFD GFD GFD GFD GFD