Promenada shopping mall, Bucharest, Romania NEPI Rockcastle

NEPI Rockcastle eyes hotel construction in Bucharest

Amsterdam-headquartered NEPI Rockcastle, the premier owner and operator of shopping centres in Central and Eastern Europe (CEE), is considering opening a hotel in the extension of Promenada mall, in northern Bucharest. The investor has been working for several years on the expansion of the mall. NEPI is now analyzing the construction of a four-star business hotel with about 200 rooms, occupying two and

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TGI Fridays

Casual-dining pioneer TGI Fridays goes bankrupt

Dallas-based restaurant chain TGI Fridays filed for Chapter 11 bankruptcy protection on Saturday (Nov. 2), citing COVID-19 and capital structure as main factors. In its filing with a Texas federal court, the company listed both assets and liabilities in the range of $100m to $500m. The TGI Fridays brand and related intellectual property are owned by TGI Fridays Franchisor, LLC as a

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India’s Hosteller gets $4 mln injection in Series A funding round

India’s leading backpacker hostel chain the Hosteller raised USD 4 million in its Series A funding round led by V3 Ventures, along with participation from existing investors including LV Angel Fund, FAO Ventures, Synergy Capital Partners, Unit-e Consulting, Ice. VC (backed by Mrunal Jhaveri), Thrive Ventures, Chirag Jain, and several real estate-based family offices. The funds will be strategically used to expand

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