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Dun & Bradstreet to be bought in a US$ 6.9 bn deal
THE DEFINITIVE SOURCE FOR INVESTMENT PROMOTION EXECUTIVES
06 - 11 August 2018
JT Group to acquire Tobacco business in Bangladesh for US$1.4 bn
Australia's Amcor to acquire Bemis Company
for US$ 6.8 bn
DP World acquires 100% of Unifeeder
HP Inc to acquire Apogee Corporation
Ola plans to enter UK Market
Cox Business acquires RapidScale
Accenture Expands Industry X.0 Capabilities with Two Acquisitions in North America
Nissan to Sell Electric Battery Business to Envision Group
ORIX Corporation to acquire 30% of Avolon Holdings Limited
Cox Business Acquires RapidScale
Senvion signs agreement in Spain for up to 300 MW
Asia's First Google Learning Center to be Located at "True Digital Park" in Thailand
Mitsubishi Electric to Acquire ASTES4 SA in Switzerland
First Reserve to sell the Deep Gulf Energy companies
for $1.2 bn
Dun & Bradstreet to be bought by investors in a
$6.9 bn deal
Varian announces acquisition of humediQ Global GmbH
Provisur Technologies Acquires Hoegger AG
Boston Scientific Announces Agreement to Acquire
Martyn Barnes to bring voco brand to Australia's Yarra Valley in 2021
Hampton by Hilton to opens Five new hotels
Fuse Medical, Inc. Completes Acquisition of Maxim Surgical
Radisson announce its first hotel at Dubai’s DAMAC Hills
JT Group to acquire Tobacco business of Akij Group in Bangladesh for $1.4 bn
HUL agreement with Vijaykant Dairy to acquire Adityaa Milk ice cream
Grand Hyatt opens in Greek Capital
Focus Brands Inc will acquire Jamba
Radisson to arrive in Riga in late 2018
SOKOTRA Capital Ltd. led consortium acquires L’Aquaculture Tunisienne
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First Reserve to sell the Deep Gulf Energy companies
for US$ 1.2 billion
First Reserve, a leading global private equity investment firm exclusively focused on energy, announced an agreement to sell the Deep Gulf Energy companies (“DGE”), a deepwater oil and gas exploration and development business operating in the Gulf of Mexico, to Kosmos Energy for a total consideration of $1.225 billion, subject to post-closing adjustments, to First Reserve and other shareholders.
With a commitment to backing experienced management teams through the Firm’s extensive global network, First Reserve first backed the Deep Gulf Energy team in 2005. Since inception of the franchise, Deep Gulf Energy has successfully employed a disciplined strategy focused on projects in small- to mid-sized fields with subsea tiebacks to existing infrastructure. Deep Gulf Energy’s management team is made up of a core group of mostly ex-Mariner Energy founders and personnel with a total of over 300 years of E&P experience including over 175 years in the deepwater Gulf of Mexico.
Senvion has signed an agreement which includes the delivery of turbines for up to 300 MW projects in Spain with Alfanar, which received the largest wind allotment of 720 MW. The installation and commissioning is planned in 2019. The agreement also covers a 20-year full maintenance service for all turbines. This is the second agreement with Alfanar after signing 300 MW in India.
Senvion will supply a broad range of products including the new turbine types 3.XM140 and 4.2M140, that perfectly suit the various characteristics of the projects spread across Spain. For the execution of the projects, Senvion Iberica will further expand its team of industry experts, project managers and service technicians.
In line with the drive to ensure 20% of energy to be generated through renewable sources by 2020, the Ministry of Energy of Spain, OMEL, through the Royal Decree 650/2017 dt. 16-06-2017, held the renewable energy auction on 26-07-2017 for a quota of 3 GW of new renewable energy installations.
Manav Sharma, acting Chief Executive Officer at Senvion, says: "We are delighted to sign the second contract with Alfanar this year and to successfully reenter into the Spanish market. This emphasizes Senvion's aspiration to globally accompany its clients with a local approach in growth markets as India or Spain. The successful signing of the agreement also demonstrates the competitiveness of our modular product portfolio."
Olivier Perot, Managing Director of Senvion Europe South, adds: "We thank Alfanar for its trust in Senvion. We are excited to further strengthen our Senvion Iberica team and our local supply chain. Thanks to its high-quality products and services, Senvion Iberica is dedicated to meet the customer's requirements in Spain and support the growth of the market."
Global trade enabler, DP World announces the signing of the acquisition of 100% of the Unifeeder Group (“Unifeeder”)1 for €660 million2 from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder operates the largest and most densely connected common user container feeder and an important and growing shortsea network in Europe, serving both deep-sea container hubs and the intra-Europe container freight market.
The Group reported revenue of €510 million in 2017 and EBIT margins in line with other asset-light logistics operators. The acquisition is subject to regulatory approvals and expected to be earnings accretive in the first full year after completion. It will be financed from existing balance sheet resources and is expected to close in 4Q 2018.
The acquisition of Unifeeder will further enhance DP World’s presence in the global supply chain and broaden our product offering to our customers - the shipping lines and cargo owners – with a view to ultimately reduce inefficiencies and improve the competitiveness of global trade. The current operations of Unifeeder are complementary to DP World’s existing business and provides future growth opportunities.
Unifeeder, founded in 1977, is an integrated logistics company with the largest and bestconnected feeder and growing shortsea network in Northern Europe with connectivity to approximately 100 ports. The company provides efficient and sustainable transport solutions for international container shipping lines between international and regional ports and shortsea services to cargo owners with fully multimodal door-to-door solutions, combining seaborne transportation with road and/or rail. The business is cash generative and operates on a highly flexible cost base.
ORIX Corporation (“ORIX”) announced that, via its group company in Ireland, ORIX Aviation Systems Limited, which is not only an established aircraft leasing and trading company but also a leading S&P ranked aircraft asset manager, has signed an agreement to acquire 30% of the outstanding shares of Ireland‐based Avolon Holdings Limited (“Avolon”), which is a leading global aircraft leasing company. The acquisition is expected to be completed after the necessary approvals and/or licenses are obtained.
Reason for the acquisition of the shares
ORIX entered into the aircraft finance lease business in 1978 and has accumulated aviation experience and knowledge over the past 40 years. In 1991, it established ORIX Aviation in Ireland to get a foothold in the aircraft operating lease business. Since formation ORIX Aviation has grown to be a major aircraft lessor, asset manager and trading company. In addition to the leasing of its own portfolio aircraft, it has developed a unique asset management platform that attracts both domestic Japanese and international investors, and is the only S&P ranked aircraft lease servicer worldwide with USD10 billion of aircraft assets under management. At present, ORIX Aviation owns and manages over 200 aircraft and leases them to more than 70 airlines located in over 30 countries. ORIX Aviation is headquartered in Dublin with an office in Hong Kong.
Avolon is a leading global aircraft leasing company focused on acquiring, managing, leasing and selling commercial aircraft. Avolon is headquartered in Ireland, with offices in the United States, the UAE, Singapore, Hong Kong and China. In May 2010, Avolon was launched by an experienced team of aircraft leasing and financing professionals, and operated as a private company until the initial public offering of the business in December 2014. Avolon operated as a public company listed on the New York Stock Exchange under the symbol “AVOL” before being acquired by Bohai in January 2016.
Ola, one of the world’s largest ride-hailing companies, and India’s most popular transportation platform, announces its plans to enter the UK, bringing a dynamic, responsible new service to the market.
Ola has obtained licences to operate in South Wales and Greater Manchester, and will launch operations in South Wales within the next month. Ola will be the only ride-hailing app in the UK that offers passengers the option of PHVs and Black Cabs through one consumer-friendly platform, which will in future see additional transportation options incorporated for greater passenger choice. The company is working with local authorities across the UK to expand nationwide by end of 2018.
Nissan Motor Co., Ltd. announced it has entered into a definitive agreement with Envision Group (Envision), a sustainable energy operator, for the sale of Nissan’s electric battery operations and production facilities to Envision.
The agreement was signed following the cancellation of an earlier transaction for sale to a third party.
Envision has committed to complete the proposed acquisition of Nissan subsidiary Automotive Energy Supply Corporation and battery manufacturing operations in Smyrna, Tennessee, owned by Nissan North America Inc. (NNA), and in Sunderland, England, owned by Nissan Motor Manufacturing (UK) Ltd. (NMUK).
Envision will also acquire Nissan’s Japanese battery development and production engineering operations located in Oppama, Atsugi and Zama.
Yasuhiro Yamauchi, Nissan’s Chief Competitive Officer, said: “We are pleased to have secured a definitive agreement with Envision, a leading global company in the field of sustainable energy. The transaction will enable Nissan to concentrate on developing and producing market-leading electric vehicles – in line with the goals set in our midterm plan Nissan M.O.V.E. to 2022. We are confident that Envision will be a strong, long-term owner of the new company and that it will further grow as a battery company with increased competitiveness.”
Nissan to sell electric battery business to Envision Group
Mitsubishi Electric Corporation announced the acquisition of ASTES4 SA, a company based in Switzerland that is engaged in development, production and sales of patented automated sorting solutions for sheet metal laser processing machines.
With ASTES4 as a wholly owned subsidiary, Mitsubishi Electric will offer integrated solutions to the global market with ASTES4's automated sorting systems embedded into Mitsubishi Electric's high value-added sheet metal laser processing machines. The company aims to further expand its worldwide business through this acquisition.
Mitsubishi Electric' sheet metal laser processing machine business is developing globally in Japan, the Americas, Europe, China, Southeast Asia and India. The lack of human resources in production facilities and the ability of fiber lasers to produce higher volumes generally escalate the demand for a significant increase in productivity by automating sheet metal laser processing, including pre- and post-processing. Sheet metal laser processing involves loading the material, laser cutting, unloading cut materials as well as removing and sorting cut parts from the frame. Lately, worldwide demand for such sorting solutions is on the rise.
ASTES4 provides flexible automated sorting solutions for the loading, unloading and specially sorting of various materials using its own patented technology with superior system engineering capabilities that can integrate the entire automation system.
Mitsubishi Electric to acquire ASTES4 SA in Switzerland
Australia's Amcor to acquire Bemis Company for
US$ 6.8 billion
Amcor Limited and Bemis Company, Inc. announced that their respective Boards of Directors have unanimously approved a definitive agreement under which Amcor will acquire Bemis in an all-stock combination. Combining these two complementary companies will create the global leader in consumer packaging, with the footprint, scale and capabilities to drive significant value for shareholders, offer customers and employees the most compelling value proposition in the packaging industry and deliver the most sustainable innovations for the environment.
The transaction will be effected at a fixed exchange ratio of 5.1 Amcor shares for each Bemis share, resulting in Amcor and Bemis shareholders owning approximately 71% and 29% of the combined company, respectively. This is equivalent to a transaction price of US$57.75 per Bemis share based on Amcor’s closing share price of A$15.28(4) on August 3, 2018, and represents a premium of 25% to Bemis’ closing price of US$46.31 per share as of August 2, 2018(5).
HP Inc. announced a definitive agreement to acquire Apogee Corporation, a U.K. based office equipment dealer (OED) and Europe’s largest independent provider of print, outsourced services, and document and process technology. The transaction values Apogee as of closing at £380M.
This acquisition furthers HP’s plan to disrupt the $55 billion A3 copier market and builds on its printing strategy to: enhance its A3 and A4 product portfolio; build differentiated solutions and tools to expand its Managed Print Services (MPS); and invest in its direct and indirect go-to-market (GTM) capabilities. This includes the selective acquisition of OEDs that provide access to increased profit pools from higher margin services
“The Apogee acquisition extends HP’s print leadership by boldly leveraging the industry shift to contractual sales as we aggressively pursue the A3 office market,” said Enrique Lores, President, HP Imaging and Print. “We’re augmenting our go-to-market and enhancing our ability to deliver the services necessary to win in the profitable contractual market. This deal complements our broader channel strategy and HP remains committed to building our business through our best-in-class partner program.”
Dun & Bradstreet, the global leader in commercial data, analytics and insights for businesses, announced that it has entered into a definitive merger agreement to be acquired by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, L.P., along with a group of other distinguished investors.
Under the terms of the agreement, which has been unanimously approved by Dun & Bradstreet’s Board of Directors, Dun & Bradstreet shareholders will receive $145.00 in cash for each share of common stock they own, in a transaction valued at $6.9 billion including the assumption of $1.5 billion of Dun & Bradstreet’s net debt and net pension obligations.
Thomas J. Manning will lead the Company as Chief Executive Officer through the closing of the transaction. James N. Fernandez, a director of the Company since 2004 and Lead Director since February 2018, will serve as Chairman of the Board through the closing of the transaction.
Dun & Bradstreet to be bought by investor group
in a US$ 6.9 billion deal
Google announced partnership with True Digital Park, Southeast Asia'slargest digital innovation hub, to help people and businesses in Thailand keep up with digital transformation to deliver sustainable success through digital capability. As a technology partner, Google brought support to fulfill True Digital Park with a complete ecosystem of a learning programs designed to embed digital innovation in digital marketing and entrepreneurs through collaborative trainings, workshops and networking activities. In addition, Google is establishing "Academy Bangkok -- A Google Space." When completed in late 2018, it will be Asia's first and the world's second center located at True Digital Park on Sukhumvit 101, Bangkok.
Mr. Ben King, Country Director, Google said that "Google's partnership with True Digital Park in Bangkok will provide Thai people with a good opportunity to build the skills and capabilities they need to stay ahead in the rapidly changing digital world and transform the way their businesses operate, driving change as individuals, in teams, or across the entire organization. Academy Bangkok -- A Google Space will serve as a training center for digital related knowledge. The center is designed to accommodate up to 200 participants at a time."
Asia's First Google Learning Center to be located at "True Digital Park" in Thailand
Cox Business, the commercial division of Cox Communications, announced its acquisition of RapidScale, a leading managed and hybrid managed cloud services provider that delivers secure and reliable cloud solutions to businesses of all sizes.
The acquisition immediately enhances Cox Business' managed services portfolio by combining transport and connectivity with RapidScale's managed and hybrid managed cloud offerings. The new, strengthened connected cloud platform delivers a wide range of technology to help businesses improve productivity and reduce IT expenditures. RapidScale's managed cloud solutions, including desktop, server, mail, backup and recovery, provide the most reliable, innovative and secure services that complement any organization's IT efforts.
Fuse Medical, Inc., announced the completion of the acquisition of Palm Springs Partners, LLC d/b/a Maxim Surgical (“Maxim”), a manufacturing company in the spinal fusion device market and fullservice medical device and distribution company (the “Acquisition”). The effective date of Acquisition was August 1, 2018.
Formed in April 2011, Maxim designs and manufactures its own spinal interbody spacers and distributes a wide variety of spine, sports medicine, and biologics product lines. Inclusive in the Maxim portfolio of spinal implant products is the Maxim Surgical X-Treme Interbody Fusion System that previously received 510(k) clearance from the U.S. Food & Drug Administration (“FDA”). Maxim’s long-term strategy is to bring more innovative spinal implant products to market for retail and wholesale distribution.
Fuse Medical, Inc. completes acquisition of Maxim Surgical
Varian announced the acquisition of privately-held humediQ Global GmbH, the manufacturer of IDENTIFY, an automated patient identification, positioning and motion management system for radiation therapy. This acquisition expands Varian's motion-management portfolio and is part of the company's long-term growth and value creation strategy.
IDENTIFY incorporates patient safety, quality, efficiency and surface-guided features in an automated workflow solution for surface-guided radiation therapy (SGRT). The IDENTIFY system features a palm reader for patient identification, a radio frequency identification (RFID) reader for proper accessory verification and placement on the treatment couch, automatic synchronization with the oncology information system, and SGRT cameras for proper patient positioning and motion monitoring throughout the treatment.
Boston Scientific Corporation announced it has signed an agreement to acquire VENITI, Inc., a privately-held company in Fremont, California which has developed and commercialized the VICI VENOUS STENT System for treating venous obstructive disease. Boston Scientific has been an investor in VENITI since 2016 and currently owns 25 percent of the company. The transaction price for the remaining stake consists of $108 million up-front cash, as well as up to $52 million in payments contingent upon U.S. Food and Drug Administration (FDA) approval of the VICI stent system.
Venous obstructive disease – instances of abnormal, blocked or damaged veins – affects more than 1.1 million people in the United States and Western Europe annually. Vein obstructions, often caused by conditions such as deep vein thrombosis, post thrombotic syndrome and May-Thurner syndrome, can prevent proper blood circulation and cause patients to experience pain, swelling, ulcers and a diminished quality of life.
Physicians often choose to open the obstructed vessel with a stent to reinstate proper blood flow to the heart and lungs and reduce a patient's symptoms.
Boston Scientific announces agreement to acquire
Provisur Technologies acquires Hoegger AG
Provisur Technologies, Inc., a global leader in innovative food processing technologies announced that it has acquired Hoegger AG, a privately-held leading provider of form pressing, separation and cook & chill equipment. Based in Flawil, Switzerland, Hoegger serves leading food processors globally.
“Founded in 1976, Hoegger has a long tradition of innovative product design and a strong commitment to quality and reliability,” said Mel Cohen, Provisur’s President, and Chief Executive Officer. “Those qualities make them a perfect fit for Provisur as we continue to expand our portfolio of technologies and provide our worldwide customers with a more complete and integrated array of solutions.”
Hoegger is the recognized global leader in meat press technology and is known for continuous innovation and uncompromising quality. This acquisition further expands Provisur’s growing global footprint and provides the company with added sales, service and production capacity in Europe.
Expanding in Acquaculture
SOKOTRA Capital Ltd. led consortium acquires 100% of L’Aquaculture Tunisienne (“AT”) Dubai, United Arab Emirates and Sousse, Tunisia – SOKOTRA Capital Ltd, a Dubai-based private investment company specializing in the agriculture andaquaculture sectors, is pleased to announce that a SOKOTRA Capital led consortium has justcompleted the acquisition of 100% of AT, one of the oldest and most established companies in theaquaculture sector in North Africa and the Mediterranean basin.
Founded in 1988 by Si M’hamed Driss, one of the leading businessmen in North Africa, AT, based in Sousse, is the largest seabass and seabream hatchery and nursery in North Africa, with a current annual production capacity of twenty million fingerlings and 1,500 tons of fish per year, mainly
seabass and seabream. AT has successfully served the local and export markets for seabass and seabream over the past thirty years and has an established reputation for delivering high quality fingerlings, backed by a skilled and dedicated management and operational team.
The acquisition of AT is another opportunity for SOKOTRA Capital to reiterate its investment strategy focused on the highly promising agriculture and aquaculture sectors (long term sustainable businesses with strong growth characteristics). SOKOTRA Capital is building a portfolio of investments in these sectors, both in Africa and in South East Asia.
JT Group to acquire Tobacco business of Akij Group in Bangladesh for $1.4 billion
Japan Tobacco Inc. announces that the JT Group has signed an agreement to acquire the tobacco business of Akij Group1 (Akij), the second largest tobacco company in Bangladesh, further increasing its presence in Asia.
The purchase price for the transaction is estimated at around USD 1,476 million.
“With this investment, we continue to accelerate our expansion in emerging markets that matter, a key component of the JT Group’s growth strategy. Akij’s substantial market share places us straight at the number two position in Bangladesh, which will expand our quality top-line growth. This transaction will also support our sustainable profit growth objectives in the mid- to long-term,” said Mutsuo Iwai, Executive Vice President and President of the Tobacco Business.
Hindustan Unilever Limited (HUL) announced that it has signed an agreement with Vijaykant Dairy and Food Products Limited (VDFPL) and its group company to acquire its ice cream and frozen desserts business consisting of its flagship brand ‘Adityaa Milk’ and front end distribution network across geographies.
The proposed acquisition is in line with HUL’s strategic intent to strengthen its position in the rapidly growing Ice Cream and Frozen Dessert market in India.
The transaction is subject to fulfilment of certain conditions and the parties will work together to complete this over the next few months. VDFPL will manage the business until the transaction is completed, and will also continue to manufacture for HUL for an agreed period of time.
Sanjiv Mehta, Chairman and Managing Director of HUL, said, “Ice Creams and Frozen Desserts is an exciting category and we see great potential for growth. We believe the acquisition will complement our existing portfolio of Kwality Wall’s.”
HUL agreement with Vijaykant Dairy to acquire Adityaa Milk ice cream business
Focus Brands Inc. and Jamba, Inc. announced that the companies have entered into a definitive merger agreement under which FBI will acquire Jamba for approximately $200 million.
Statement by Steve DeSutter, Chief Executive Officer of Focus Brands Inc.
"Benefiting from an extremely loyal customer base and strong franchise operators, Jamba Juice is one of the category leaders in the fast growing smoothie and juice category,” said Steve DeSutter, CEO of Focus Brands Inc. “We are excited to welcome Jamba Juice with such an iconic heritage into our family of well-known and highly loved ’fan favorite’ brands.”
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of the Radisson Hotel Group, is proud to announce the signing of a new Radisson in Europe, rolling out its upscale hotel brand across EMEA. Radisson Riga is being developed in collaboration with the group’s long-term partner, Astor Group. Currently named Astor Riga Hotel, it will be rebranded to the Radisson Old Town Riga Hotel in late 2018.
Elie Younes, Executive Vice President & Chief Development Officer of Radisson Hotel Group said: “We’re delighted to sign the first Radisson hotel in the Baltics. This hotel is a great addition to our portfolio in this region, with four of our eight signature brands present in Riga. With Radisson Old Town Riga on the way, we’re demonstrating our commitment to maintaining our leading position in the Baltics.”
Riga is the largest city in the Baltic States. Home to 640,000 inhabitants, it’s a vital economic and financial hub in the region. The city also features a UNESCO World Heritage Site in Old Town Riga, which is a key attraction for visitors and a popular entertainment district that features many cultural monuments.
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into agreements with KT Estate Inc. and Hotel I-Park Co., Ltd. for the development of an Andaz hotel in Seoul’s vibrant Apgujeong neighborhood in South Korea. Expected to open in 2019, Andaz Gangnam, Seoul will become the first Andaz branded hotel in Korea, joining other Andaz properties in Asia including locations in Shanghai, Singapore and Tokyo.
Known for its culturally rich destinations and inspiring locales, the Andaz brand will expand in Apgujeong, an area of Gangnam that is considered to be one of the most affluent neighborhoods in the country. Comprised of upscale retail shops, prestigious schools, and residential areas, the local neighborhood will enrich guest experiences in Korea during their stay. Main restaurant and retail areas like Cheongdam-dong and Rodeo Street – lined with designer brands and high-end shopping – are all within close proximity. Nearby, some of the country’s biggest corporations and entertainment companies have also settled in the area. The high-rise hotel will offer easy access for guests, located just blocks away from two subway stations and minutes away from the Han River, one of Seoul’s most prominent landmarks.
Andaz Gangnam, Seoul to open as First Andaz Hotel in South Korea
Hyatt Hotels Corporation announced the opening of Grand Hyatt Athens, marking the first Hyatt hotel in the Greek capital and the first Grand Hyatt branded hotel in Greece. The luxury property is located on Syngrou Avenue next to the Onassis Cultural Centre and combines dramatic architecture with innovative design, easily accessible to historic sites and best-in-class restaurants.
The vibrant city of Athens offers countless activities for all types of visitors. At the same time, it is also known as the historic capital of Europe – an ancient city with rich culture, iconic sites and attractions.
“Athens is fast becoming the destination of choice where ancient history sits alongside modern coffee shops and rooftop bars,” said Nikos Trikourakis, general manager of Grand Hyatt Athens. “Our hotel will offer guests who seek first-class hospitality unforgettable experiences and a luxurious place to stay.”
Celebrating iconic Greek culture, the 309-room hotel incorporates curated art reminiscent of ancient Athens. Alongside original pieces from the Museum of Cycladic Art, the hotel also showcases a glamorous lobby with an extraordinary art installation called The Coin, which is made from replicated, ancient Athenian coins representing the Greek economic supremacy in the fifth century BC. The property’s rooftop also offers the spectacular Penthouse Restaurant and an outdoor swimming pool with impressive views of the Acropolis.
Hampton by Hilton, Hilton’s global, upper-midscale brand and longtime category leader, announced the opening of five new properties, including Hampton Inn by Hilton Baltimore Bayview Campus in Maryland, the first property to open incorporating features of the brand’s new prototype design. Other notable openings include Hampton Inn & Suites by Hilton Ruidoso Downs in New Mexico and Hampton Inn & Suites Detroit Allen Park in Michigan. These latest openings add to the brand’s growing global portfolio of more than 2,380 open properties with an additional 620 in the pipeline.
“Hampton’s adaptable building models allow owners the flexibility to introduce our hotels into a variety of markets while delivering the warm and welcoming brand experience travelers expect when staying at one of our properties,” said Shruti Gandhi Buckley, global head, Hampton by Hilton. “Our new prototype, incorporating the latest architectural trends, showcases our commitment to innovation and driving a strong ROI for owners.”
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, is proud to announce the signing of its first Radisson hotel in the Middle East at Dubai’s DAMAC Hills in the United Arab Emirates. The new signing is in partnership with leading Dubai-based real estate developer DAMAC Properties. Radisson Hotel Group portfolio now features 81 hotels and more than 20,000 rooms in operation and under development across the Middle East region.
The new upscale, full-service brand with Scandinavian-inspired hospitality, will be situated in Damac Hills. It’s part of a new 3.9 million square-meter residential community developed by DAMAC Properties in Dubailand. The hotel will also be surrounded by parkland, and the spectacular green fairways of an 18-hole championship golf course.
Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: “We’re delighted to enter into partnership with DAMAC Properties, one of the most prominent and respected real estate developers in the region – and we appreciate their commitment and vision to develop such an exciting project. The Radisson hotel will enable their vision to materialize.”
“Dubai continues to be remarkable in its never-ending evolution. We’re further delighted to introduce our new upscale Radisson brand that delivers its own Scandinavian-inspired hospitality to the region.” added Younes.
“DAMAC Hills is one of Dubai’s newest communities and is already home to more than 1,000 families, who have moved into the villas, townhouses and apartments nestled around the fairways of its championship golf course, the Trump International Club Dubai,” said Hussain Sajwani, Chairman of DAMAC. “Our partnership with Radisson Hotel Group for this unique hospitality product will cater to the ever-growing number of tourists and business travelers who visit the Emirate, while making sure hotel guests receive the world-class experience that’s synonymous with the Radisson name.”
Under construction already, and due to open in Q4 2019, Radisson Hotel, Dubai DAMAC Hills will feature 481 rooms, including one and two-bedroom suites. Two restaurants will cater to guests’ dining needs, while leisure facilities such as a gym, spa, kids club and an outdoor swimming pool will also be available. The hotel’s extensive meeting space will be build over an area of 600m².
Entrepreneur Martyn Barnes has signed a management agreement to badge his new Yarra Valley property as voco™, IHG’s new upscale hotel brand, making it the second voco signing for Australia.
Victoria’s Yarra Valley has built a reputation as one of Australia’s premier wine regions, famous for its chardonnay and pinot noir, as well as for bringing big name artists like Robbie Williams, Stevie Nicks and John Farnham to perform at Rochford Wines’ annual Day on the Green concert series. The trouble is it’s never had a great hotel to welcome its visitors after a day of wine tasting and music.
voco™ Yarra Valley will be the first globally-branded, upscale hotel in the Yarra Valley, creating a destination for guests who are looking to eat, sleep and everything in between. With a different mindset and an informal attitude, it will be a place that guests want to relax and enjoy themselves in – whether it’s a quiet morning coffee, or kicking off a great evening.
Hilton announced the opening of its newest hotel, the dual-branded Hampton Inn by Hilton Teaneck Glenpointe and Homewood Suites by Hilton Teaneck Glenpointe, bringing a total of 350 new rooms to the Meadowlands area. The dual-brand hotel adds even more versatile lodging options for guests visiting New Jersey, which increased to 101 million travelers in 2017*.
“New Jersey’s booming tourism gives us a promising opportunity to expand our footprint in the Garden State, and this dual-branded property diversifies our presence in the market,” said Shruti Buckley, global head, Hampton by Hilton. “Travelers visiting this prime area of Northern New Jersey — just 15 minutes away from the heart of New York City — will enjoy the outstanding guest experience our brands are known for.”
Developed and owned by Alfred Sanzari Enterprises and managed by White Lodging, Hampton Inn by Hilton Teaneck Glenpointe and Homewood Suites by Hilton Teaneck Glenpointe are both located at One Glenwood Avenue, offering guests convenient access to the greater Teaneck area and the Class-A Glenpointe office complex, where companies such as Samsung, Unilever, Kumon, Cognizant, Univision and Cargill and other corporations have offices and headquarters. In addition, the dual-brand hotel is close to I-95 and I-80, Newark Liberty International and LaGuardia Airports and local attractions such as MetLife Stadium, New York City, Yankee Stadium, CitiField and additional dining, shopping and entertainment options.
Hilton Opens New Dual-Brand Property in Teaneck Glenpointe
Petco announced an expansion into the Canadian market through an exclusive partnership with Canada-based retailer Canadian Tire. The collaboration enables Canadian Tire to make Petco's assortment of food, treats, supplies and accessories available to pet parents in Canada, both online and in stores.
"As a leader in providing pet parents with everything they need to live healthy, happy lives with their pets, we're thrilled to partner with another retail leader to bring the history and quality of the Petco brand to pet parents in Canada," said Rebecca Frechette, EVP and chief merchandising officer at Petco. "We believe our deep expertise in pet specialty, combined with Canadian Tire's retail reach in a thriving pet market is a powerful combination that will drive future growth for both brands. We're thrilled about the upcoming launch and looking forward to growing and building on our partnership well into the future."
Beginning in August, Canadian Tire shoppers will have access to Petco's own WholeHearted brand – a premium pet food line that makes superior nutrition affordable and accessible to more pet parents. Additional Petco products will be added to Canadian Tire's pet department in September.
Petco expands to Canada through new partnership with Canadian Tire
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