Six Senses currently manages 16 hotels and resorts, with 18 management contracts signed into its pipeline and more than 50 further deals under active discussion.
With properties in locations such as the Maldives, the Seychelles, Yao Noi in Thailand, Zighy Bay in Oman and Portugal’s Douro Valley, the addition of Six Senses’ award-winning estate and high-quality development pipeline will further round out IHG’s position in the luxury segment.
The acquisition extends IHG’s reach to a community of affluent travellers and new owners and provides instant entry to some of the world’s most sought-after locations.
Six Senses will sit at the top of IHG’s luxury portfolio, complementing the world’s largest luxury hotel brand, InterContinental Hotels & Resorts; the recently acquired and repositioned Regent Hotels & Resorts; and Kimpton Hotels & Restaurants, for which IHG has secured a presence in 14 countries since its acquisition of the brand in 2015. Today’s acquisition of Six Senses takes IHG’s portfolio of open and pipeline luxury hotels to 400 hotels (108,000 rooms) globally.
By combining IHG’s scale, systems and operational excellence with Six Senses’ luxury, resort and spa expertise, IHG sees the potential to grow the Six Senses estate to more than 60 properties globally over the next 10 years. This includes bringing Six Senses to important urban markets, with a property already under construction in West Chelsea, Manhattan, New York City.
Keith Barr, CEO, IHG, commented: “Six Senses’ attractive development pipeline provides us with a platform for high-quality growth. With the power of the IHG enterprise, we believe we can expand Six Senses to more than 60 properties globally over the next decade.”
”This acquisition continues the progress we’ve made against the strategic initiatives we outlined a year ago, which included a commitment to adding new brands in the fast-growing $60 billion luxury segment.”
Neil Jacobs, CEO, Six Senses Hotels Resorts Spas, commented: “An outstanding business has been built over the past 20 years, and a respected portfolio of hotels and resorts with wellness and sustainability at their heart. This distinct proposition and the popularity of our award-winning estate, combined with IHG’s scale, systems and expertise gives us the opportunity to accelerate Six Senses’ global growth.”
Six Senses is an asset-light business. It manages 16 hotels and resorts (1,347 rooms) and there are a further 18 management contracts signed into its development pipeline. The open hotels include two properties for the upscale resort brand, Evason. With a further 50 deals under active discussion, IHG expects to accelerate Six Senses’ growth globally to more than 60 hotels over the next 10 years.
The acquisition includes the entirety of Six Senses’ brands and operating companies and does not include any real estate assets. It includes Six Senses’ spa operations, which are core to the brand’s luxury and wellness positioning. Six Senses operates 37 spas in total under the Six Senses and LivNordic brand names, and also provides spa consultancy services. The Six Senses management will remain in place.