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IHG Buys Ruby Hotels

Skift on MSN · 3d

IHG Buys Ruby Hotels as 20th Brand

IHG will acquire the Ruby hotel brand in a deal worth up to €291.5 million ($305.7 million). Its 20th brand is big in Europe.

GlobalData on MSN · 2d

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,

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 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.

The Points Guy on MSN3d

IHG acquires 'lean luxury' hotel brand with locations in European hotspots

Over the last few years, lifestyle hotel acquisitions have been all the rage for some of the world's biggest hotel companies, ...

3d

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 ...

hotelmanagement3d

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 ...

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.

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