Hyatt Hotels Corporation plans to launch a cash offer to acquire 100% of NH Hotel Group at a superior value to Minor International’s June offer, which valued the Spanish group at up to US $2.9 billion. Meanwhile, AccorHotels announced to set up a US $1 billion investment fund with Katara Hospitality, targeting the market in the sub-Saharan African countries; while acquiring 85% of 21c Museum Ho

tels for US $51 million which will join MGallery collection of boutique hotels to introduce the MGallery brand into the North American market.

21c Museum Hotel Louisville

In another context, Booking Holdings has entered an agreement to purchase the hotel metasearch site, the Australia-based HotelsCombined which will become part of its Kayak unit and help to expand Kayak’s presence in Asia Pacific.