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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.

 

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Bid Now. Only 8 Days Left For the PHAB Great Travel Auction

Category: Hotels, Posted:04 Jun 2024 | 07:52 am There are only 8 days left to bid on this year’s non-profit Phuket Hotels Association online charity travel auction. Amazing travel stays from London, Australia, Bali, Dubai, Paris, Maldives, and of course Phuket, Bangkok, and Koh Samui. There is even a vacation stay in Bhutan. All of the proceeds go to support the hospitality scholarship […]
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Dusit Ties Up With Layan Verde Phuket Branded Residences

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Koh Samui Gets New Daily Direct Flights From Singapore

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