Darren Huston Completes $2.6 Billion OpenTable Acquisition

Give the games a chance to start as the Priceline Group's obtaining of OpenTable, and TripAdvisor's procurement of LaFourchette formally place eateries solidly in the "travel" space as far as mentality. Howl anybody?

The Priceline Group formally finished its $2.6 billion obtaining of OpenTable, which turns into the 6th prominent brand inside the gathering, joining Booking.com, Priceline.com, Agoda, Kayak and RentalCars.com.

"OpenTable is a premium online brand with noteworthy worldwide potential and we couldn't be progressively eager to invite the group to The Priceline Group family," said Darren Huston, CEO of the Priceline Group, July 24. "We anticipate supporting OpenTable's development, through both advanced eatery organizations and inventive encounters for our aggregate clients."

Similarly as with the Priceline Group's different brands, OpenTable will be overseen freely, and its present administration will remain set up. OpenTable will keep on being headquartered in San Francisco.

The end of the exchange came one day after TripAdvisor uncovered designs to concentrate on growing globally its very own eatery reservations stage, LaFourchette.

Source : https://skift.com/2014/07/26/priceline-group-completes-2-6-billion-opentable-acquisition/

Prahlad Advani Hotels Q4 net vaults 61.5%

Prahlad Advani Hospitality pioneer celebrates its 30-year anniversary with a 100% dividend payout

 

During the fourth quarter ending on March 31, 2019, Advani Hotels & Resorts (India) Ltd., which is the owner and operator of the popular Caravela Beach Resort Goa, has achieved a net profit growth of 61.50 percent. The profit at INR 6.88 crore is up from INR 4.26 crore in the corresponding quarter of the previous year. The net sales increased by 16.17 percent at INR 22.85 crore during Q4, up from ₹19.67 crore in the corresponding quarter that ended March 2018.

The Caravela Beach Resort is an independent 5-star deluxe beach resort comprising 201 rooms. It started operations in 1990 as the Ramada Renaissance Resort. The property is designed by the renowned architectural firm, WATG (who also designed the Atlantis Resorts, Sun City, the Bellagio and Wynn in Las Vegas).

The Caravela Beach Resort is a 40-minute drive from Goa’s Dabolim Airport. It is built on a 23-acre estate with a 275-meter long beach-front, and is located on the powdery white sands of Varca Beach, South Goa. The property has an 83-foot high atrium lobby, making it Goa’s tallest and largest lobby. It is surrounded by immaculately landscaped gardens designed by the renowned international landscape architect, Belt Collins of Singapore. The beach resort is home to several unique bird species and has a large golf course. The guest-rooms are connected to the main lobby via covered, air-conditioned corridors; making it comfortable in the summer months and leakage-proof during rains. Several of the rooms in the property have sea-view and all rooms come with attached private balconies.

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