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In 2004, IHG acquired the Candlewood Suites brand, a midscale extended stay hotel brand with 108 franchised properties in the United States, for $15 million. [ 23 ] [ 24 ] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering .
Regent Hotels & Resorts is a British-American luxury hospitality brand, founded by hotelier Robert H. Burns in 1970. After passing through different owners since foundation, it is currently jointly owned by IHG Hotels & Resorts and Formosa International Hotels Corporation since July 2018, with hotels and resorts in Asia and Europe.
The original Holiday Inn Express properties are considered two-star hotels or no-frills hotels with rooms comparable in quality to those of three-star hotel, but there would be no room service, restaurant, bar, swimming pool, health club, conference and meeting facilities nor other on-site amenities, offering only a continental breakfast and an ...
The contracts between Four Seasons and property owners typically permit the company to participate in the design of the property and run it with nearly total control over every aspect of the operation. [5] Four Seasons generally earns three percent of the gross income and about five percent of profits from the properties it operates. Property ...
Holiday Inn is a chain of hotels based in Atlanta, Georgia and a brand of IHG Hotels & Resorts.The chain was founded in 1952 by Kemmons Wilson (1913–2003), who opened the first location in Memphis, Tennessee.
In May 2018, Fonciere des Regions and the InterContinental Hotels Group bought the chain from Starwood Capital for $1.1 billion, [18] with FdR acquiring the underlying property assets and IHG taking over management of the hotels. [19] IHG announced that some Principal Hotels would be rebranded as Kimpton Hotels. [20]
Crowne Plaza by IHG is a multinational chain of full service, upscale hotels headquartered in the United Kingdom.It caters to the business, leisure and blended travel market usually located in city centers, resorts, coastal towns or near major airports.
On December 16, 2014, IHG announced that it would acquire Kimpton for $430 million in cash. IHG retained the Kimpton brand name within the U.S. and is expanding it globally. [9] [10] As a result of the acquisition, seven of Kimpton's nine hotels in San Francisco left the brand in July 2015.
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