InterContinental Hotels Group PLC to acquire Kimpton Hotels & Restaurants Group LLC for cash consideration of $430 million

– 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… Read the full press release