IHG purchases Ruby hotel brand for $116m
InterContinental Hotels Group (IHG) has acquired the Ruby brand and related intellectual property from Ruby SARL for an initial purchase consideration of €110.5m ($116m). Ruby is a high-end urban lifestyle brand catering to modern travellers in top city destinations,
InterContinental Hotels Group FY24 profit misses expectations, acquires Ruby brand
Led by increases in revenue per available rooms (“RevPAR”) in Europe and the Americas which offset continued losses in China, InterContinental Hotels Group (NYSE:IHG) realized a 15% improvement in its profitability as revenue increased by 7% to $2.
IHG Acquires Ruby Hotel Group For $116M, Plans Worldwide Expansion
IHG is continuing its global growth with the acquisition of Ruby Group, which operates 20 hotels across Europe.
IHG snaps up Ruby Hotels for £92m
InterContinental Hotels Group (IHG) has acquired Ruby Hotels in a £92m deal as it seeks to quadruple the urban lifestyle brand’s global footprint over the next ten years
IHG Hotels & Resorts Acquires Ruby
InterContinental Hotels Group PLC (IHG) has acquired from Ruby SARL the RubyTM brand and related intellectual property for initial purchase consideration of
IHG acquires 'premium urban' brand Ruby Hotels
IHG acquired Ruby Hotels for €110.5 million and reported 2024 financial results with a rise in revpar, average daily rate and occupancy.
InterContinental Hotels Group acquires Ruby, its 20th brand
InterContinental Hotels Group, a British hospitality giant that includes Holiday Inn, said on Tuesday it has acquired premium European hotel business Ruby for an initial €110.5 million ($115 million).
Holiday Inn owner IHG snaps up Ruby Hotels as it reports stronger profits
Holiday Inn owner InterContinental Hotels Group (IHG) has snapped up another hotel brand as it reported stronger profits.
Holiday Inn owner IHG's $900 million share buyback disappoints, shares fall
Holiday Inn owner IHG announced a $900 million share buyback plan on Tuesday which fell short of some investors' estimates, sending its stock around 5% lower despite the hotel operator's better than expected annual room revenue.
IHG Buys Ruby Hotels as 20th Brand
InterContinental Hotels Group (IHG) said Monday it would acquire the Ruby hotel brand in a deal worth up to €291.5 million ($305.7 million), marking an expansion of its European portfolio. Why It Matters This acquisition will add another brand to IHG Hotels & Resorts' portfolio,
Holiday Inn owner IHG buys Ruby Hotels as profits rise
It came as InterContinental Hotels Group revealed that operating profits grew by 10% as it benefited from more hotel openings.
Skift2d
IHG CEO Touts Record Pace of Converting Buildings to Its Hotel Brands
IHG is betting on hotel conversions to fuel its growth, as property owners increasingly look to re-flag their buildings.
IHG Shares Checkout Lower Despite $900 Million Buyback Plan
Shares in Holiday Inn owner InterContinental Hotels (IHG) booked a 3% drop in trading today despite announcing a huge share ...
hotelmanagement1d
IHG brand portfolio climbs to 20 as modern lifestyle offering joins the fold
InterContinental Hotels Group (IHG) has acquired premium urban lifestyle brand, Ruby, for €110.5 million (~AU$181.5m) from ...
Skift1d
IHG Buys Ruby, UK Green Fuel Dilemma and AmexGBT-CWT Merger
On today’s pod, we talk about IHG’s new acquisition, UK airlines’ fuel problem, and a nearing business travel mega merger.