InterContinental Hotels Group sure is on a shopping spree lately! They’ve acquired Kimpton, they recently acquired Regent, and now they’re acquiring an even higher end hotel group.
IHG is acquiring Six Senses
InterContinental Hotels Group has announced their acquisition of Six Senses Hotels. This was a $300 million cash acquisition from Pegasus Capital Advisors, and it includes all of Six Senses’ brands and operating companies, but doesn’t include any real estate assets.
Six Senses currently manages 16 hotels and resorts, with an additional 18 management contracts in the pipeline, and more than 50 further deals under active discussion. IHG hopes that their acquisition of Six Senses will improve their position in the luxury segment.
Suddenly, I love properties that are part of IHG portfolio.
Where does Six Senses have properties?
Six Senses’ current properties include the following:
- Six Senses Bhutan
- Six Senses Krabey Island, Cambodia
- Six Senses Qing Cheng Mountain, China
- Six Senses Fiji
- Six Senses Uluwatu, Bali
- Six Senses Laamu, Maldives
- Six Senses Zighy Bay, Oman
- Six Senses Douro Valley, Portugal
- Six Senses Zil Payson, Seychelles
- Six Senses Duxton, Singapore
- Six Senses Maxwell, Singapore
- Six Senses Samui, Thailand
- Six Senses Yao Noi, Thailand
- Six Senses Kaplankaya, Turkey
- Six Senses Con Dao, Vietnam
- Six Senses Ninh Van Bay, Vietnam
What can we expect from IHG Rewards?
I don’t see any point of IHG acquiring a property without integrating with IHG Rewards. Usually Six Sense properties retail over $1000 a night and are usually part of the rejuvenation and deep into nature.
However, I am not sure what would be redemption rates be would be extremely high and would require introduction of another tier of redemption.
