Acquisition of hospitality and wellness company includes 16 hotels and resorts, and 37 spas.
InterContinental Hotels Group (IHG) has Six Senses Hotels Resorts Spas, from private equity fund Pegasus Capital Advisors for US$300 million.
The sale includes the management of 16 hotels and resorts, 37 spas and sister companies Evason and Raison d’Etre. Following the acquisition Six Senses is now expected to grow to 60 hotels within the next 10 years.
Six Senses CEO, Neil Jacobs believes the acquisition marks “an exciting new era” for the brand. “IHG believes in our purpose to merge the two platforms of wellness and sustainability to promote personal health, and the health of the planet,” he says.
“Joining forces with IHG means we can use a wealth of systems and operational excellence to grow our brand and reach new markets without losing our quirky personality and playful touch.”
Over the next 12 months, Six Senses will open properties in exotic locations such as Cambodia, Bhutan, India and Israel, as well as the group’s first project in North America. Additional projects are currently under way in Austria, Brazil, Mainland China, Spain, Switzerland, Taiwan and Thailand.
IHG CEO, Keith Barr, says: “We’re incredibly proud to welcome Six Senses in to our family of brands and look forward to opening more stunning hotels, resorts and spas – each one staying true to Six Senses’ world-renowned reputation for wellness and an unwavering commitment to purposeful travel.”