Specifically, IHG has entered into a conditional agreement with Foncière des Régions (FdR) to rebrand and operate 12 high quality open hotels and one pipeline hotel into its UK portfolio.
This deal will establish IHG as the leading luxury hotel operator in the UK, taking it to more than two thousand rooms in this valuable, fast growing segment.
It will expand the presence for InterContinental, and enable IHG to launch its leading luxury boutique brand, Kimpton Hotels & Restaurants in the UK, adding multiple hotels for the brand in prime locations in major city centres, including London, Manchester and Edinburgh.
“Bringing Kimpton to such an important market as the UK is a key part of our plans, as is the introduction of our new upscale brand, which will provide an exciting, differentiated offering to both guests and owners,” highlighted Keith Barr, CEO, IHG. “Together with the recent addition of Regent Hotels & Resorts to our portfolio, we are building real momentum behind our plans to deliver industry-leading net rooms growth.”