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IHG buys Six Senses in $300m deal

Luxury
Gary Noakes
13 February 2019

The Six Senses hotel and spa brand has been brought into the Intercontinental Hotels Group portfolio in a $300 million deal.

Six Senses Bhutan Punakha

IHG has bought the Six Senses Hotels Resorts Spas brand from Pegasus Capital Advisors in a deal that includes all the Six Senses operating companies but no physical assets. Pegasus has owned Six Senses since 2012.

Six Senses currently manages 16 hotels and resorts, with 18 management contracts in its pipeline and more than 50 further deals “under active discussion”. Locations include the Maldives, the Seychelles, Yao Noi in Thailand, Zighy Bay in Oman and Portugal’s Douro Valley.

Its purchaser said the agreement “will further round out IHG’s position in the luxury segment”.