InterContinental Hotels Group has acquired Six Senses Hotels
Resorts Spas from Pegasus Capital Advisors for $300 million, giving IHG another
The company has increased its luxury market presence in
recent years, acquiring Kimpton Hotels & Restaurants in 2015 and Regent
Hotels & Resorts last year. With the addition of wellness-focused Six
Senses, IHG will have four luxury brands, led by the eponymous InterContinental
Hotels & Resorts.
The Six Senses deal includes hotel and spa operations and
their associated brands. The company manages 16 hotels and resorts under the
luxury Six Senses and the upscale Evason brands. Most of those properties are
in the Asia-Pacific region. It also runs 37 spas under the Six Senses and
LivNordic brand names, and provides spa consultancy services. IHG said Six
Senses' management would be retained.
IHG's acquisition includes no real estate assets.
IHG's goal is to grow the Six Senses brand to some 60 hotels
over the next 10 years. The brand's first U.S. hotel is being built in New York,
adjacent to the High Line on the west side of Manhattan. Its first Caribbean
resort will be constructed on the site of a former sugarcane plantation on St.
Six Senses has a total of 18 hotel management
contracts in its pipeline, IHG said.
"Six Senses' attractive development pipeline provides
us with a platform for high-quality growth," IHG CEO Keith Barr said in a