InterContinental Hotels Group (IHG) has agreed to pay $39 million to acquire a 51 percent stake in luxury hotel brand Regent Hotels and Resorts. The terms of the deal, which are expected to close during the second quarter of this year, will enable IHG to complete its purchase of the remaining stake through phases beginning in 2026. IHG intends to grow Regent’s international footprint from six units to 40.
“IHG is already one of the world leaders in luxury with our InterContinental Hotels and Resorts brand, but we see significant potential to further develop our global footprint in the fast-growing luxury segment. As one of the pioneers in defining luxury hotels both in Asia and around the world, Regent is an excellent addition to IHG’s portfolio of brands,” IHG CEO Keith Barr says. “We see a real opportunity to unlock Regent’s enormous potential and accelerate its growth globally. In addition, by creating a dedicated luxury division, we will be bringing together some of the most experienced and respected people in the industry who will help drive our luxury offerings, ensuring that our existing luxury brands continue to evolve and allowing us to bring in new brands such as Regent to enhance our brand portfolio.”
