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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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Thai Group Chatrium Inks Niseko Deal

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Design Re-Invention. Hotel Interiors – Re-Imagining Spaces

Category: Hotels, Posted:05 Jul 2020 | 13:59 pm Catch Volume 6 of C9 Hotelworks and Delivering Asia Communications Design Re-Invention series. The virtual event will be on Wednesday 15 July, 3:00 pm Bangkok | 4:00 pm Singapore time. Sign up Hospitality today is about to enter a new cycle which has been accelerated by the current global crisis. This important virtual event is a […]
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It Takes an Island: Sustainability and the New Traveler

Category: Tourism, Posted:03 Jul 2020 | 10:13 am A  special virtual sustainable event from C9 Hotelworks and Delivering Asia Communications will be held on  Thursday 9th July at 3:00 pm BKK / 4:00 pm Singapore. Registration is free While the present global crisis has effectively stopped travel in its tracks, one of the side effects has been the restoration of nature into many […]