IHG Acquires Six Senses
Acquisition boosts IHG's luxury portfolio
InterContinental Hotels Group’s $300-million cash acquisition from Pegasus Capital Advisors includes all of Six Senses’ brands and operating companies and does not include any real estate assets.
Six Senses manages 16 hotels and resorts, with 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’ will further round out IHG’s position in the luxury segment, according to the company.
Six Senses will sit at the top of IHG’s luxury portfolio, complementing the InterContinental Hotels & Resorts brand; the recently acquired and repositioned Regent Hotels & Resorts; and Kimpton Hotels & Restaurants, for which IHG has secured a presence in 14 countries, since its acquisition of the brand in 2015. The acquisition of Six Senses takes IHG’s portfolio of open and pipeline luxury hotels to 400 hotels with 108,000 rooms globally.
IHG sees the potential to grow Six Senses to more than 60 properties globally over the next 10 years. This includes bringing Six Senses to key urban markets, with a property already under construction in the West Chelsea neighborhood of New York City.
Photo of Six Senses Maxwell: Courtesy of Six Senses