IHG buys Kimpton in US $430m deal

Intercontinntal Hotels Group has bought Kimpton Hotels and Restaurants to create what they say is the world’s largest Boutique Hotel business. The company now plans to launch the Kimpton brand internationally and to grow it within the US. The US$430 million deal will see Kimpton’s 62 US properties join IHG. Kimpton has a further 16 hotels in the pipeline and runs 71 hotel based bars and restaurants. The deal is due to complete in the final quater of 2015.

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