Skift Take
With the hostel market still so fragmented, the Meininger business would make an attractive option for one of its rivals or perhaps a private equity firm.
Indian travel group Cox & Kings is looking to sell assets as part of a plan to raise much-needed funds.
The company’s share price has fallen by half in the last month and on Thursday it revealed it had defaulted on debt payments, having paid only $7.3 million (500 million rupees) of the $29 million (2 billion rupees) owed.
Several credit ratings agencies have also downgraded the company, adding to its problems.
"[D]ue to cash flow mis-match and a situation exacerbated by rating downgrade, the company proposes to meet its
