Captain D's ends 2011 strong with the acquistion of Grandy's, a comfort food and homestyle restaurant chain. Grandy's will be operated as a separate subsidy.
Accor has inked a deal to buy Australian hotel management company Mirvac, which is expected to be finalized in 2012. The deal will bring Accor to a total portfolio of 241 properties.
In a strategic acquisition, which closed November 30, Tasti D-Lite will now own Planet Smoothie. The move is said to boost retail sales and broaden product offerings.
Morgans Hotel Group has agreed to purchase the interest in The Light Group, which supplies beverages and food to venues for MGM Resorts International. The acquisition is expected to close sometime this year.
VeriFone Systems, Inc. acquires mobile retail solution provider Global Bay Mobile Technologies. The acquisition further's VeriFone’s offering in retail mobile payments, including smartphone- and tablet-based shopping and payment.
The acquisition brings four existing properties and one soon-to-be constructed property into Benchmark's portfolio to form the Personal Luxury Collection.
The merger is expected to close in the second half of 2011, pending the satisfaction of applicable regulatory approvals and other customary closing conditions.
