IHG Buys Ruby Hotels

IHG purchases Ruby hotel brand for $116m
InterContinental Hotels Group (IHG) has acquired the Ruby brand and related intellectual property from Ruby SARL for an initial purchase consideration of €110.5m ($116m). Ruby is a high-end urban lifestyle brand catering to modern travellers in top city destinations,
IHG Acquires Ruby Hotel Group For $116M, Plans Worldwide Expansion
IHG is continuing its global growth with the acquisition of Ruby Group, which operates 20 hotels across Europe.
InterContinental Hotels Group acquires Ruby, its 20th brand
InterContinental Hotels Group, a British hospitality giant that includes Holiday Inn, said on Tuesday it has acquired premium European hotel business Ruby for an initial €110.5 million ($115 million).
IHG Hotels & Resorts acquires Ruby, its 20th brand, and targets global expansion
InterContinental Hotels Group PLC (IHG) has acquired from Ruby SARL the RubyTM brand and related intellectual property for initial purchase
InterContinental Hotels Group acquires Ruby
InterContinental Hotels Group (IHG) has acquired from Ruby SARL the Ruby premium urban lifestyle hotel brand and related intellectual property for initial purchase consideration of 110.5 million euros (US$115.
IHG Hotels & Resorts acquires Ruby Hotels
InterContinental Hotels Grouphas acquired from Ruby SARL the Ruby brand and related intellectual property for initial purchase consideration of €110.5m. As part of the master franchise and development agreement with Ruby, initial franchise fees receivable by IHG from the current 20 open hotels and the current pipeline of 10 hotels…
IHG Buys Ruby Hotels as 20th Brand
InterContinental Hotels Group (IHG) said Monday it would acquire the Ruby hotel brand in a deal worth up to €291.5 million ($305.7 million), marking an expansion of its European portfolio. Why It Matters This acquisition will add another brand to IHG Hotels & Resorts' portfolio,
Holiday Inn owner IHG buys Ruby Hotels as profits rise
It came as InterContinental Hotels Group revealed that operating profits grew by 10% as it benefited from more hotel openings.
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