IHG has just announced its plans to acquire Six Senses Hotels Resorts Spas (which currently manages 16 hotels and resorts) for $300 Million in cash. There are 18 management contracts signed into its pipeline, and more than 50 further deals under active discussion. With properties in locations such as the Maldives, the Seychelles, Yao Noi in Thailand, Zighy Bay in Oman, and Portugal’s Douro Valley, the addition of Six Senses’ award-winning estate and high-quality development pipeline will further round out IHG’s position in the luxury segment.
Read More