Which hotel management group owns the Regent Hotel?

Regent Hotel &; Resort) is a brand of InterContinental Hotels Group (IHG).

On March 4th, 20 18, Intercontinental Hotels Group, a world-renowned hotel management group, announced that it would acquire 5 1% shares in Regent Hotels and Resorts, a subsidiary of Jinghua International Hotel Co., Ltd., for US$ 39 million in cash (about RMB 246 million). At the same time, IHG said that Regent will fully seize the market opportunities and develop in China.

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Founded in 1777, Intercontinental Group is the largest and most widely distributed professional hotel management group in the world, with many internationally renowned hotel brands such as Intercontinental, Crowne Plaza and Holiday Inn and more than 60 years of international hotel management experience. At the same time, IHG is also a super hotel group with the largest number of rooms in China (up to 650,000 rooms), the widest transnational business scope, covering nearly 100 countries and the largest number of hotels taken over. Including 25 provinces, autonomous regions and municipalities directly under the Central Government of Chinese mainland.

Since 2026, IHG has the right to choose to acquire the remaining 49% shares in stages. The price will be determined by the option portfolio with a cap, based on the static P/E ratio of the joint venture company's profits in the past 65,438+02 months. According to the current forecast, the purchase price of this part should be within 1 billion US dollars (about 630 million yuan). ?

Zhou Zhuo Xian, CEO of IHG Greater China, said that Regent Hotels and Resorts have a history of 50 years. As a luxury hotel brand, it is very famous in the Asian market, so this brand has a foundation for further development for IHG. Based on the six Regent hotels currently located in Beijing, Chongqing and Taipei, InterContinental Hotels Group plans to grow to more than 40 hotels in the future, covering all gateway cities and resorts in the world. ?

References:

China Financial Information Network-Intercontinental Hotels Group's acquisition of 5 1% shares in Regent Hotels and Resorts will further expand the China market.