IHG agrees to acquire Kimpton Hotels & Restaurants to create the world’s largest boutique hotel business

-IHG has agreed to acquire Kimpton Hotels & Restaurants (“Kimpton”) for $430 million in cash.
- Kimpton is the world’s largest independent boutique hotel operator and a sophisticated food and beverage operator.
- Kimpton is a fully asset-light business that manages 62 hotels in the most attractive cities and resorts in the US with a further 16 hotels in the pipeline. It operates 71 hotel-based destination restaurants and bars.

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