Intercontinental Hotels Group (LON:IHG) have acquired the Six Senses hotel and spa chain as part of a $300 million cash deal.
The Six Senses brand currently operates 16 hotels and resorts.
Intercontinental Hotels said that Six Senses has 18 management contracts upcoming, as well as an additional 50 deals under discussion.
Keith Barr, chief executive of Intercontinental Hotels, commented:
“IHG’s growing portfolio of luxury brands is a collection of the very best in the travel industry. Each one offers something unique to our guests, and together they offer an unparalleled choice of locations and experiences. We’re incredibly proud to welcome Six Senses into our family of brands and look forward to opening more stunning hotels, resorts and spas – each one staying true to Six Senses’ world-renowned reputation for wellness and an unwavering commitment to purposeful travel.”
Neil Jacobs, Six Senses Chief Executive Officer, added: “This is an exciting new era for Six Senses, IHG believes in our purpose to merge the two platforms of wellness and sustainability to promote personal health, and the health of the planet. Joining forces with IHG means we can use a wealth of systems and operational excellence to grow our brand and reach new markets without losing our quirky personality and playful touch.”
The Intercontinental Hotel Group operate 5,000 hotels in almost 100 countries around the world.
Some of its brands include Crowne Plaza, Holiday Inn, Intercontinental and Kimpton Hotel & Suites.
Shares in Intercontinental Hotels are up +1.49% as of 14:23PM (GMT).