IHG acquires 51% Stake in Regent Hotels & Resorts - InterContinental Hong Kong to become Regent Hotel in 2021
The InterContinental Hotels Group has just announced its agreement to acquire 51% stake in Regent Hotels and Resorts (which in turn makes them the largest shareholder) for $39 million in cash. They will then have the right to acquire the remaining 49% interest in a phased manner from 2026.
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