IHG expands its luxury portfolio with purchase of Regent Hotels

Intercontinental Hotel Group (IHG) is continuing its efforts to expand its upscale and luxury offerings through its just announced purchase of Regent Hotels & Resorts. IHG, which already offers 5,300 properties worldwide, said the addition of the Regent brand will complement what it already offers in the premium segment through its InterContinental and Kimpton hotel brands.

Asia-based Regent has a long-lasting reputation for being a leader at the top end of the luxury market and is especially known for providing unique travel experiences. Regent currently has six hotels in key destinations along with two more properties in the pipeline. IHG plans to expand the Regent brand to at least 40 hotels over the long term.

IHG officials expect the Regent acquisition transaction to close during the second quarter of 2018.