IHG Purchases Six Senses Hotels Resorts Spas for $300 Million

InterContinental Hotels Group has again added to its list of brands, acquiring Bangkok-based Six Senses Hotels Resorts Spas from private equity firm Pegasus Capital Advisors for US$300 million. IHG's purchase follows its majority investment in Regent Hotels last year, and its 2014 acquisition of Kimpton. CEO Keith Barr had indicated early in 2018 that IHG was seeking to expand further in the luxury segment.

The Six Senses sale includes the management of 16 hotels and resorts, most of which are in Asia, as well as 37 spas, and Six Senses' sister companies Evason and Raison d'Etre. Initially known for its luxury tropical-hideaway resorts and spa facilities, Six Senses began expanding into urban environments last year with the debut of two Singapore properties, while continuing to place a heavy focus on wellness and the spa offering. With the IHG acquisition, the Six Senses portfolio is expected to grow to 60 hotels within the next decade.
 
Just in the next year, Six Senses plans to open a resort on the private island of Krabey in Cambodia, a five-lodge property in Bhutan, and a hotel in a restored 14th-century fort in Rajasthan, India. The company's first North American property is being developed for West Chelsea in Manhattan, along the High Line. Also in the pipeline are projects in Istanbul and in Israel's Negev Desert, as well as in Austria, Brazil, China, Spain, Switzerland, Taiwan and Thailand.
 
"IHG's growing portfolio of luxury brands is a collection of the very best in the travel industry," said IHG CEO Keith Barr. "Each one offers something unique to our guests, and together they offer an unparalleled choice of locations and experiences. 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."
 
Six Senses CEO Neil Jacobs noted the brand will retain its character under the new ownership. "IHG believes in our purpose to merge the two platforms of wellness and sustainability to promote personal health, and the health of the planet," said Jacobs. "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."
 
Among the brand's singular initiatives are the Sleep With Six Senses, Eat With Six Senses and Grow With Six Senses programs, applying the group's approach to wellness across the guest experience. Locally inspired menus, natural remedies and supplements, and wellness activities are featured at each property.
 
IHG's portfolio now includes more than 5,500 hotels in nearly 100 countries, accounting for approximately 826,000 guest rooms.