IHG to Acquire Kimpton Hotels to Create the World’s Largest Boutique Hotel Business

Highlights: IHG has agreed to acquire Kimpton Hotels & Restaurants (“Kimpton”) for $430 million in cash. Kimpton is the world’s largest independent boutique hotel operator and a sophisticated food and beverage operator. Kimpton is a fully asset-light business that manages 62 hotels in the most attractive cities and resorts in the US with a further […]