InterContinental to Take Majority Stake in Regent Hotels, Create Luxury Division

By Anna Breuer on 14 March 2018
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The InterContinental Mark Hopkins in San Francisco

The InterContinental Mark Hopkins in San Francisco

InterContinental Hotels Group announced Wednesday plans to acquire a 51% stake in Regent Hotels and Resorts.

The move is part of InterContinental’s strategy to create a luxury division and move more upmarket. The hotelier said it has the right to acquire remaining shares in Regent in a phased manner starting in 2026.

“We see a real opportunity to unlock Regent’s enormous potential and accelerate its growth globally,” said Keith Barr, the company’s CEO.

InterContinental is paying $39 million. It intends to grow the brand from six to 40 properties and will reflag the InterContinental Hong Kong as a Regent in 2021, after an extensive refurbishment project.

Regent was founded in 1970 in Taiwan by Robert Burns with Japan’s Tokyo Group. In 1992 it was acquired by Four Seasons. In 1998, Carlson acquired rights to the Regent name for future projects. Carlson then sold Regent to Formosa International Hotels in 2010

(Photo: Accura Media Group)

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