Mergers and Acquisitions

The co-owners of Freedom Communications and its flagship newspaper, the Orange County Register, have resigned all executive duties, two years after buying the company and pushing through sweeping changes.

A Florida developer trying to salvage a deal to buy Atlantic City's former Revel casino says the casino's owner told him it has "many" buyers for it.

Expedia is buying rival online travel site Orbitz for approximately $1.33 billion.

Hilton has completed the $1.95 billion sale of the Waldorf Astoria to a Chinese insurance company.

Starwood Hotels is spinning off its 22 timeshare resorts into a separate, publicly traded company.

One purveyor of swanky Las Vegas Strip nightlife is buying another in a $36 million deal announced Tuesday.

MGM Resorts says it plans to sell the Gold Strike Hotel & Gambling Hall to a company owned by members of the Herbst family.

Norwegian Cruise Line is getting into the luxury cruise business by acquiring Prestige Cruises International in a deal worth about $3 billion.

Inland American Real Estate is spinning off its lodging subsidiary into a separate and publicly traded company.

CEO David Murdock offered to buy Dole at $12 per share in cash, an offer that gives the  company a value of about $1.5 billion, including debt. 

Starwood Hotels & Resorts Worldwide Inc has reached out to potential bidders, including InterContinental Hotels Group Plc and Wyndham Worldwide Corp, after deciding to explore a sale, according to people familiar with the matter.

Burger King’s CEO said the decision to merge with Canadian firm Tim Hortons was not an effort to avoid U.S. corporate taxes by moving the fast-food giant’s headquarters north of the U.S. border.

Expedia agreed to buy Wotif.com for roughly $657 million, as the online travel booker looks to capitalize on growth in Asia-Pacific markets.

Carlson agreed to sell restaurant chain TGI Fridays to two private equity firms, as the hospitality and travel company looks to focus on its hotel business.

Chiquita and Irish fruit seller Fyffes agreed on Monday to a $1.07 billion merger, creating the world’s largest banana company.

Restaurant and casino operator Hard Rock is reportedly in advanced negotiations to acquire Atlantic City’s Revel Casino, which declared bankruptcy earlier this year.

The food distributor will buy its rival for about $3.5 billion and assume $4.7 billion in debt, creating a company with about $65 billion in annual revenue.

The casual dining chain has reportedly hired Goldman Sachs to explore a possible leveraged buyout by a private-equity firm. 

Carlson said it has hired investment bankers to explore its options for TGI Fridays, including a possible sale of the restaurant chain. 

Extended Stay America filed plans for an estimated IPO of up to $100 million, as the lodging company turns the corner after a 2009 bankruptcy.