IHG will acquire the Ruby hotel brand in a deal worth up to €291.5 million ($305.7 million). Its 20th brand is big in Europe.

IHG is continuing its global growth with the acquisition of Ruby Group, which operates 20 hotels across Europe.

The company also announced a $900M share buyback program in 2025, as well as the acquisition of the Ruby brand for €110.5M.

On today’s pod, we talk about IHG’s new acquisition, UK airlines’ fuel problem, and a nearing business travel mega merger.

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IHG Hotels & Resorts has acquired Ruby, a premium urban lifestyle brand with 20 hotels in Europe, for approximately $116 ...

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InterContinental Hotels Group (IHG) has acquired the Ruby brand and related intellectual property from Ruby SARL for an ...