IHG has welcomed Six Senses Hotels Resorts Spas into its portfolio of brands, purchasing the brand for $300 million in a cash acquisition from Pegasus Capital Advisors.
The acquisition includes all of Six Senses’ brands and operating companies but does not include any real estate assets.
Six Senses manages 16 hotels and resorts with another 18 management contracts signed into its pipeline and over 50 deals under active discussion. It has properties in locations like the Maldives, the Seychells, Yao Noi in Thailand and Douro Valley in Portugal.
Six Senses will join the top of IHG’s luxury portfolio, complementing the IHG's other recently acquired and repositioned brands Regent Hotels & Resorts and Kimpton Hotels & Restaurants.
“Six Senses is an outstanding brand in the top-tier of luxury and one we’ve admired for some time. You only have to look at its iconic hotels and resorts to see how this acquisition will further round out our luxury offer,” said Keith Barr, chief executive officer, IHG.
“With a focus on wellness and sustainability, Six Senses has been voted the world’s top hotel brand for the past two years, which is a testament to its impressive management team who bring deep experience to IHG’s luxury operations.”