• IHG grabs Kimpton

IHG has bought US boutique operator Kimpton Hotels & Restaurants for USD430m. The all cash purchase gives IHG a chain of 62 hotels across the US.
The deal includes Kimpton’s 71 restaurants and a pipeline of 16 more hotels. IHG says the deal makes it the market leader in the boutique hotel segment.
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http://www.ihgplc.com/index.asp?PageID=116&NewsID=3362

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