IHG Acquires 51% Stake in Regent Hotels & Resorts for $39 Million in Cash

InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announced that it has agreed to acquire a 51% stake in Regent Hotels and Resorts for $39 million in cash. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026.
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Zazz Island Resort to Open in the Maldives

Hong Kong based Asia Prestige Management (APM) had successfully secured Ranveli Island Resort in Dec 2017. The island is strategically located in South Ari Atoll of Maldives and only 25 minutes seaplane ride from Male City. The resort will be re-branded as Zazz Island Resort.
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