IHG Pays $300 Million for Six Senses
By the Caribbean Journal staff
InterContinental Hotels Group has added a boutique luxury brand to its burgeoning global portfolio.
IHG has paid $300 million for all of Six Senses’ brands and operating companies, a portfolio that includes 16 hotels and another 18 management contracts in the pipeline.
The latter features several in the Caribbean, including Range Developments’ new project in St Kitts.
It also includes Six Senses’ vast spa operations, which includes 37 spas under the Six Senses and LivNordic brands, one of which is at the Puntacana Resort and Club in the Dominican Republic.
IHG said Six Senses would sit “at the top of IHG’s luxury portfolio,” complementing its Kimpton and Regent brands.
“Six Senses is an outstanding brand in the top-tier of luxury and one we’ve admired for some time,” said Keith Barr, CEO at IHG. “You only have to look at its iconic hotels and resorts to see how this acquisition will further round out our luxury offer. With a focus on wellness and sustainability, Six Senses has been voted the world’s top hotel brand for the past two years, which is testament to its impressive management team who bring deep experience to IHG’s luxury operations.”
The deal with Pegasus Capital Advisors was an all-cash transaction, according to a statement.
