IHG Buys Ruby Hotels as 20th Brand
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. Why It Matters This acquisition will add another brand to IHG Hotels & Resorts' portfolio, which already includes Crown Plaza, Kimpton, and Holiday Inn. The […]
