IHG Buys Ruby Hotels

IHG Buys Ruby Hotels as 20th Brand
InterContinental Hotels Group (IHG) said Monday it would acquire the Ruby hotel brand in a deal worth up to €291.5 million ($305.7 million), marking an expansion of its European portfolio. Why It Matters This acquisition will add another brand to IHG Hotels & Resorts' portfolio,
IHG purchases Ruby hotel brand for $116m
InterContinental Hotels Group (IHG) has acquired the Ruby brand and related intellectual property from Ruby SARL for an initial purchase consideration of €110.5m ($116m). Ruby is a high-end urban lifestyle brand catering to modern travellers in top city destinations,
InterContinental Hotels Group FY24 profit misses expectations, acquires Ruby brand
Led by increases in revenue per available rooms (“RevPAR”) in Europe and the Americas which offset continued losses in China, InterContinental Hotels Group (NYSE:IHG) realized a 15% improvement in its profitability as revenue increased by 7% to $2.
IHG Acquires Ruby Hotel Group For $116M, Plans Worldwide Expansion
IHG is continuing its global growth with the acquisition of Ruby Group, which operates 20 hotels across Europe.
IHG snaps up Ruby Hotels for £92m
InterContinental Hotels Group (IHG) has acquired Ruby Hotels in a £92m deal as it seeks to quadruple the urban lifestyle brand’s global footprint over the next ten years
IHG acquires 'premium urban' brand Ruby Hotels
IHG acquired Ruby Hotels for €110.5 million and reported 2024 financial results with a rise in revpar, average daily rate and occupancy.
Holiday Inn owner IHG snaps up Ruby Hotels as it reports stronger profits
Holiday Inn owner InterContinental Hotels Group (IHG) has snapped up another hotel brand as it reported stronger profits.
InterContinental Hotels Group acquires Ruby, its 20th brand
InterContinental Hotels Group, a British hospitality giant that includes Holiday Inn, said on Tuesday it has acquired premium European hotel business Ruby for an initial €110.5 million ($115 million).
Holiday Inn owner IHG buys Ruby Hotels as profits rise
It came as InterContinental Hotels Group revealed that operating profits grew by 10% as it benefited from more hotel openings.
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InterContinental Hotels Group PLC (NYSE:IHG) Q4 2024 Earnings Call Transcript
Reported EPS is $2.27 EPS, expectations were $2.29. Stuart Ford: Hello, and welcome to IHG’s 2024 Full Year Results Presentation. I’m Stuart Ford, Senior Vice President and Head of Investor Relations ...