Real estate Paid
IHG Acquires Ruby Hotels for €110.5M, Expands Urban Micro Concept Globally
19:06
IHG Hotels & Resorts is acquiring the Ruby hotel brand for an initial €110.5 million ($115 million), making it the 20th brand in IHG's portfolio. Ruby, known for its "urban micro" premium concept, operates 20 hotels across Europe with 10 more under construction.
IHG plans to scale the brand globally, targeting over…
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