InterContinental Hotels Is Buying a 51 Percent Stake in Regent Hotels for $39 Million

It looks like we finally have our answer as to which “asset light, small luxury brand company or companies with a strong customer proposition, [and] strong owner proposition” InterContinental Hotels Group (IHG)┬áis buying. The company announced Wednesday it has entered into a joint-venture agreement to purchase a 51 percent stake in Regent Hotels for $39 … Continue reading InterContinental Hotels Is Buying a 51 Percent Stake in Regent Hotels for $39 Million