InterContinental Hotels Group (IHG) said Monday it would acquire the Ruby hotel brand in a deal worth up to €291.5 million ($305.7 million), marking an expansion of its European portfolio.

The IHG Hotels & Resorts portfolio contains more than 6,300 properties in 100-plus countries and has numerous hotels in major cities like New York City, Chicago, San Francisco, Shanghai and London.

That's true because of high interest rates and construction costs. IHG is focusing on converting existing buildings to its hotel brands due to tight construction financing, with conversions making ...

IHG's hotel rates are higher than in 2019 even though occupancy hasn't recovered. We hear a lot about pent-up demand as a factor, but technology matters more in the long run. Plus, IHG's claim to ...

Holiday Inn owner InterContinental Hotels Group (IHG) has snapped up another hotel brand as it reported stronger profits. The FTSE 100 firm said it has acquired Ruby Hotels for an initial 110.5 ...