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IHG Acquiring Majority Stake In Regent Hotels

Category: Hotels, Posted:14 Mar 2018 | 17:14 pm

InterContinental Hotels Group has announced it is set to acquire a 51% stake in the Regent Hotels group.

The deal is set at USD39 million for the  initial traunche, with rights for the remaining 49% shareholding on a phased basis over the next eight years.

In Asia the deal already is making waves, as the InterContinental Hotel Hong Kong which wil be closed for extensive renovation in early 2020 will become once again the Regent Hong Kong.

For IHG the acquisition of a luxury hotel brand is key in keeping pace with groups such as Marriott International, ACCOR and Hilton.

 

Other News

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Explorar Brand Spurs Expansion With Koh Samui and Koh Pha-ngan Acquisitions

Category: Hotels, Posted:19 Jun 2022 | 09:22 am Boutique hotel group Pavilion’s experience-focused spin-off Explorar Hotels and Resorts has expanded its growing footprint by acquiring a 125-key resort in Bophut, Koh Samui, and 75-key property in Koh Pha-ngan. Both resorts were previously owned and operated under ‘The Coast’ tagline. The two will be conversions and join an upcoming resort in El Nido, Palawan. […]
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Thailand’s Traveler Restrictions Set to Roll Back 1st July

Category: Hotels|Tourism, Posted:18 Jun 2022 | 09:14 am The wait is over for Thailand’s battered hotel and tourism sectors, with an announcement by the government that the cumbersome Thailand Pass process will be removed by 1st July. Travelers to the Kingdom will no longer be subjected to the online application and approval process. Another restriction for tourists is the Covid-19 USD10,000 insurance requirement, […]
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Thai Group CPN Investing Into 37 New Hotels

Category: Hotels, Posted:12 Jun 2022 | 15:46 pm Thailand’s listed CPN Group (Central Pattana PCL) is set to inject USD288 million into 37 new hotels across Thailand. CPN’s reported strategy is to include hotel components in every new mixed-use retail project across the country. The investment is being targeted into three tiers of hotel assets. The first is a new budget chain Go!. […]
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