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IHG Buys Ruby Hotels

Skift on MSN · 2d

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.

Seeking Alpha on MSN · 2d

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.

GlobalData on MSN · 1d

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 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 MSN2d

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, ...

2d

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 ...

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