regent hotels
IHG Completes Acquisition of 51% Stake in Regent Hotels & Resorts for $39 Million
IHG | July 2, 2018
InterContinental Hotels Group (IHG) is pleased to confirm that its acquisition of a 51% stake in Regent Hotels & Resorts ('Regent') has now completed. The 51% interest has been acquired for $39 million in cash, payable in three tranches of $13 million. $13 million was paid on completion, with the second amount due in 2021 and the third in 2024. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026. As detailed in the announcement published on 14th March 2018, IHG will bring Regent into its brand portfolio at the top end of the luxury segment and will accelerate its growth globally, supported by I...
Regent Partners with KG Global to Develop Regent Jakarta, a Hotel & Residences Project, Opening 2018
Regent Hotels & Resorts | November 14, 2014
TAIPEI, Taiwan (Nov. 13, 2014) - Regent Hotels & Resorts, with developer KG Global Development, will launch Regent Jakarta, a luxury hotel and residential project set to open in early 2018 in the heart of Indonesia's vibrant capital city. The hotel will be the eighth property in Regent's growing collection, which recently saw the addition of Regent Porto Montenegro this past August. Regent Hotels & Resorts Chairman, Steven Pan and KG Global Development President met on Oct. 28 to sign the official agreement for the property. "As Regent Hotels & Resorts expands its global footprint, we continue to seek opportunities that alig...
