HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack

Noesis successfully transacts largest Hotel Merger and Acquisition of the Year

Wednesday, June 30, 2021, 11:26 Hrs  [IST]
HBI Staff | Hyderabad

NOESIS is pleased to announce the hotel merger and acquisition of the year with the SUBA group of hotels acquiring a significant majority stake in 1589 Hotels.


The transaction sees SUBA hotels adding 35 hotels & resorts across India & Nepal to its existing portfolio of 15 Hotels spread across India & UAE with significant growth to come in South Asia & the Middle East.


The 1589 Hotels operates hotels in the economy to mid-segment space predominantly in the offbeat leisure locations and tier-II & III cities. They are present in 22 cities such as Jaipur, Lucknow, Jim Corbett, Ranthambore, Dalhousie, Ajmer, Pushkar, Udaipur, Mirzapur, Vadodara, Bhavnagar, and others under the Genx and RNB brands. It also operates several properties in Nepal. The company will continue with its asset-light approach to hotel management.


NOESIS acted as an exclusive transaction advisor and Nandivardhan Jain, CEO of NOESIS led the transaction with an internal team. Entire transaction was completed in three months including the execution of the definitive agreements. 


Nandivardhan Jain, CEO - Noesis Capital Advisors said “The opportunity to acquire 1589 Hotels which have operations across India & Nepal attracted the SUBA group of Hotels. This transaction reflects great Indian entrepreneurialism creating a sustainable conversion-friendly hotel management platform suiting independent hotel owners and domestic traveler’s requirements. The acquisition of this platform will enable SUBA Hotels to fast track its growth across South Asia”.


NOESIS Capital Advisors, Asia's largest Hospitality transaction advisory company currently mandated for more than 12000 plus keys for operator search assignment on the lease, revenue sharing, management, and franchise contract. NOESIS is also working on an exclusive buy-side mandate from the family office and special situation funds to invest 1.5 billion dollars in distressed hospitality assets in South Asia.

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
»  Kempinski Hotels Extends its footprint in North American Market through Takeover of Luxurious Beach Hotel in Cancun, Mexico
»  Sayaji Hotel Kolhapur commemorates India's 75th Independence Day
»  ITC Grand Chola celebrates 75th year of Independence
»  OYO contributes to ‘Invest in Denmark’ with acquisition of Nordic based Bornholmske Feriehuse
»  Rester Group signs Rester Select Hotel in Vadodara
»  Radisson Blu MBD Noida bags “Best luxury Hotel” award at the 7th HRANI Conclave
»  IHCL Announces The Opening Of Its Fourth Ginger Hotel In Mumbai
»  Moon Tree at Sayaji Hotel Kolhapur hosts ‘Friendship Day Event'
»  Renaissance Bengaluru Race Course Hotel Appoints Sathender Singh as the new Associate Director of F&B
»  “Our new integration to G3 RMS takes hotel revenue optimization to the next level" : Carsten Wernet, Chief Executive, SIHOT
»  IHCL Announces The Signing Of Fifth Ginger Hotel In Ahmedabad, Gujarat
»  Espire Hospitality Group debuts in Punjab with the launch of ‘Country Inn Hotels and Resorts’ branded hotel in Amritsar
»  Indore Marriott Hotel brings authentic flavors of Saigon at Indore Marriott Hotel, hosts Vietnamese Food Festival
»  Sayaji Hotel Kolhapur appoints Mr. Amitabh Sharma as General Manager
»  Preferred Hotels & Resorts expands hotel partnership with The Fullerton Hotels and Resorts
»  Cafe Treat at Pride Plaza Hotel Ahmedabad introduces Midnight Buffet
»  Clarks Safari celebrates its first year anniversary
»  Hotelivate to host the 9th Edition of Hotel Operations Summit – India (HOSI)
»  IHCL debuts in Kanpur, Uttar Pradesh with the signing of a SeleQtions hotel.
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar

© Copyright 2016 Saffron Synergies Pvt Ltd