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Intercontinental Hotels Group (IHG) has acquired luxury operator Six Senses Hotels Resorts Spas from Pegasus Capital Advisors for US$300 million.
The deal will see IHG take over all of Six Senses’ brands and operating companies, but excludes any real estate assets.
Six Senses manages 16 hotels and resorts worldwide, with 18 contracts signed into its pipeline and more than 50 further deals in discussion, according to IHG. Its locations include Portugal’s Douro Valley, the Maldives (pictured) and the Seychelles, among others.
IHG says the acquisition extends its reach into the luxury hotel sector and opens up opportunities “in the world’s most sought-after locations”. The Six Senses brand is set to be at the top of the group’s luxury portfolio, which also includes Intercontinental Hotels & Resorts, the recently-acquired Regent Hotels & Resorts and Kimpton Hotels & Restaurants.
The acquisition brings IHG’s luxury portfolio of currently operating and pipeline hotels to 400 globally.
IHG says it sees the potential to grow the Six Senses collection to more than 60 properties over the next ten years, including bringing the brand to urban markets. Hotels are already under construction in Manhattan’s West Chelsea neighbourhood.
Keith Barr, CEO of IHG, commented: “Six Senses is an outstanding brand in the top tier of luxury and one we’ve admired for some time. You only have to look at its iconic hotels and resorts to see how this acquisition will further round out our luxury offer.”
Six Senses CEO Neil Jacobs added: “An outstanding business has been built over the past 20 years, and a respected portfolio of hotels and resorts, with wellness and sustainability at their heart. This distinct proposition and the popularity of our award-winning estate, combined with IHG’s scale, systems and expertise gives us the opportunity to accelerate Six Senses’ global growth.”