InterContinental Hotels Boosts Luxury Presence in UK
Skift Take
Starwood Capital's sale of a luxury/upscale portfolio represented a good opportunity for InterContinental Hotels to expand its luxury footprint in the UK. CEO Keith Barr obviously thinks there's plenty of room for growth in the sector.
InterContinental Hotels Group will take over operating 13 luxury and upscale hotels in the UK after Starwood Capital agreed to sell a selection of its hotels to French real estate company Foncière des Régions.
An unspecified number of the hotels will come under IHG’s as-yet unnamed upscale brand as part of Fonciere's agreement to have IHG manage the hotels. The deal will also see the first Kimpton hotel open in the UK. The brand only has one hotel in Europe, in Amsterdam, and the rollout in the UK will likely be the start of greater expan
