IHG to ex­pand lux­ury UK port­fo­lio

Business Traveller - - UPFRONT -

IN­TER­CON­TI­NEN­TAL HO­TELS GROUP (IHG) is to add 13 lux­ury and up­scale prop­er­ties in the UK, in a deal that will spell the end of the fledg­ling Prin­ci­pal Ho­tels brand. The agree­ment will see real es­tate in­vest­ment com­pany Fonciere des Re­gions pur­chase 13 prop­er­ties un­der the Prin­ci­pal Ho­tels and De Vere brands from cur­rent own­ers Star­wood Cap­i­tal, with IHG re­brand­ing and op­er­at­ing the ho­tels un­der a mix­ture of its In­ter­con­ti­nen­tal and Kimp­ton brands, as well as a yet-to-be-launched up­scale con­ver­sion of­fer­ing. The deal in­cludes the re­cently opened Prin­ci­pal London, as well as the forth­com­ing Grand Birm­ing­ham (pic­tured), the Prin­ci­pal Manch­ester, and the Prin­ci­pal Met Ho­tel in Leeds. IHG says the move will see it be­come the largest lux­ury ho­tel op­er­a­tor in the UK, and will act as a launch­pad for its Kimp­ton Ho­tels and Restau­rants brand in the UK. ihg.com

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