IHG will now bring Regent into its brand portfolio at the top end of the luxury segment. The group plans to accelerate its growth globally.  

Currently there are six properties in the Regent Hotels portfolio. IHG plan to increase this to over 40 hotels in key global gateway city and resort locations.

The Regent brand was founded in 1970. It is a luxury hotel group ‘built around the elegant, timeless design of its hotels and rooted in its focus on delivering a truly unique and superior luxury experience for guests’. 

The acquisition is part of IHG’s new strategic initiative focusing on expanding its footprint in the fast-growing $60 billion luxury hotel sector. 

IHG has also announced that the InterContinental Hong Kong will become a Regent Hotel in early 2021 following an extensive refurbishment due to commence in early 2020.

Details: https://www.ihgplc.com/news-and-media/news-releases/2018/ihg-expands-luxury-footprint