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IHG Buys Ruby Hotels

Hosted on MSN · 4d

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,

Seeking Alpha on MSN · 4d

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 · 3d

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 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.

4d

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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