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Principal hotels to split between three brands following sale by Starwood Capital

03 May 2018 by
Principal hotels to split between three brands following sale by Starwood Capital

The 13 hotels to be operated by InterContinental Hotels Group (IHG) following the £858m acquisition of the Principal hotel group by French company Foncière des Régions (FDR) from the US-based Starwood Capital Group are likely to be split between three brands.

As well as providing IHG with the opportunity to introduce the luxury boutique brand Kimpton Hotels & Restaurants into the UK for the first time, the deal will also see some of the properties being tagged with either the InterContinental badge or the group's new upscale conversion brand which will be launched in the second half of 2018. IHG will operate the hotels under managed leases, along the same lines of only four other managed hotels leased by IHG across its global portfolio of around 5,300 properties.

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