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IHG® Welcomes Six Senses Hotels Resorts Spas to its Family of Brands

Vlad Poptamas

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Photo source: hospitalitynet.org
Reading Time: 3 minutes

 

IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has welcomed a new family member to its portfolio of brands, with the acquisition of Six Senses Hotels Resorts Spas.

Six Senses is renowned for its focus on wellness and sustainability, with each hotel and resort set in locations of incredible natural beauty that will stop you in your tracks, delivering an uncompromising level of service that will stay with you long after you’ve left. All of which has been recognized through a host of industry awards and accolades* including Travel+Leisure (World Best Award, Top Hotel Brand for two years in a row), TIME Magazine, Conde Nast Traveler and Skift to name a few.

Featuring properties in 12 countries, Six Senses is behind some of the world’s most enticing hotels, resorts and spas, including: a 19th-century wine estate in the Douro Valley (Portugal), breathtaking island resorts in the Seychelles and Maldives, beach-side retreats in IndonesiaThailandVietnam and Oman, a city escape in Singapore, and residences in the mountains of Courchevel (France).

Six Senses joins a growing number of luxury brands in the IHG family, including:

  • InterContinental® Hotels & Resorts, the world’s largest luxury hotel brand, which recently celebrated the opening of its 200th hotel and was named World’s Leading Hotel Brand title for the 12th time at the World Travel Awards (WTA). This is a brand dedicated to those who appreciate and enjoy The InterContinental Life – the glamour and exhilaration of fascinating places, mixed with international know-how and local cultural wisdom.
  • Regent® Hotels & Resorts, also recently acquired and now undergoing a repositioning which celebrates the brand’s deep luxury heritage and revered legacy. Born in 1970, this collection of modern hotels and resorts is rooted in extraordinary living, with a legacy of luxury that endures to this day.
  • Kimpton® Hotels & Restaurants, the industry pioneer that first introduced the boutique concept to the U.S. The brand is now set to open in 20 new global destinations including Mexico CityParisBarcelonaBali and Shanghai, each of which will showcase bold, playful design, award-winning dining and surprising amenities to ensure guests have the ultimate boutique hotel stay.

Across IHG’s four leading luxury brands, guests can now enjoy nearly 300 luxury hotels around the world, with more than 100 set to open in the coming years.

As part of the IHG family, Six Senses is expected to expand to 60 properties within the next 10 years. This includes incredible new Six Senses hotels and resorts from a restored 14th-century fort in Rajasthan, to villas on a private island in Cambodia, and the brand’s first hotel in North America – a contemporary duo of twisting towers designed by Bjarke Ingles near the High Line in Manhattan’s West Chelsea.

IHG’s Chief Executive Officer, Keith Barr, said: “IHG’s growing portfolio of luxury brands is a collection of the very best in the travel industry. 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 into 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.”

Core to every Six Senses hotel and resort is a Six Senses Spa, where guests can relax, reconnect, and completely refresh. Guests are guided on a personal path to finding harmony and balance, to ensure positive and lasting benefits. Unique to the hospitality sector, Six Senses has also taken wellness out of the spa and integrated it across the entire stay, helping guests learn something new and reconnect with themselves, others, and the world around them.

“This is an exciting new era for Six Senses,” said Six Senses Chief Executive Officer, Neil Jacobs. “IHG believes in our purpose to merge the two platforms of wellness and sustainability to promote personal health, and the health of the planet. 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.”

In the near future guests will be able to book their Six Senses stay through IHG’s booking platforms, such as the ihg.com website and the company’s leading mobile app, and benefit from the advantages of the IHG® Rewards Club loyalty programme.

With 15 of the world’s leading hotel brands and more than 5,500 hotels around the world, IHG offers travelers and members of its global loyalty programme IHG® Rewards Club, a hotel stay for all travel occasions.

 

SOURCE IHG (InterContinental Hotels Group)

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Acquisitions

Amnet New York and Taazu Announce Merger

Vlad Poptamas

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Photo source: timeout.com
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Amnet New York Inc, the 3rd largest US based travel company servicing the Japanese market, today announced the merger with Taazu Inc, a New York based travel technology platform.

Amnet, founded in 1988 and based in New York with offices across the US, has a leading market share in the US & Japancorridor. Powered by Taazu’s technology platform, the merged entity will meet customer demand for a larger set of services across multiple channels and geographies.

“We are excited about the merger of Amnet and Taazu. This combination will help us scale our services to the global markets. Amnet’s offerings and large customer base along with Taazu’s technology platform is a winning combination”, said Fujio Nakagawa, President and Chief Executive Officer of Amnet.

Giri Devanur, Chief Executive Officer of Taazu, commented, “Amnet has established itself as a prominent player providing the highest quality offerings to business and leisure travelers. This merger will help us build an omni-channel travel platform offering end-to-end travel services and scale our business to $100 million by 2020.”

Nobuyuki Mokkoh, member of Taazu’s Board of Directors, who provided M&A advisory services, commented, “This is a perfect synergistic merger. A combined Amnet and Taazu will be able to quickly scale to become a powerhouse in the global travel industry”. Panamax Capital, LLC provided financial advisory services to Taazu.

 

SOURCE Taazu Inc.

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Acquisitions

insightsoftware Announces Acquisition of BizNet Software

Vlad Poptamas

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insightsoftware, the global leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting solutions, today announced the acquisition of BizNet Software, a leading software developer of Excel-based reporting and analytics solutions. Terms of the deal were not disclosed.

insightsoftware is the market leader in financial reporting and enterprise performance management, supporting more than 155,000 enterprise users in 5,500 companies across 130 countries worldwide. The acquisition adds to insightsoftware’s Excel-based reporting expertise and gives BizNet’s customers and channel partners access to a broader portfolio of reporting, visual analytics, and planning and budgeting solutions that connect to a wider range of ERP and EPM systems.

Based in Dallas, BizNet Software was founded to leverage the power of Microsoft Excel to facilitate the creation and sharing of interactive reports in minutes to save time, increase accuracy and enable users to answer many of their own business questions without being an Excel expert or requiring IT support. Selling both directly and through a network of channel partners, the company has more than 2,800 customers ranging from mid-market businesses to large corporations with a particular focus on the financial, distribution, manufacturing, and non-profit industries.

“With BizNet’s capabilities, insightsoftware is expanding our family of market-leading reporting products and fortifying our ability to offer ‘right for me’ customer solutions, regardless of their company size, the ERP/EPM they use, or their reporting environment preference,” said Mike Lipps, CEO of insightsoftware. “The combination creates the ultimate advantage for our customers, as well as our partners and distributors, around the world.”

“BizNet’s growth and success over more than two decades is because we recognized a real customer need in the market – users were wasting too much time collecting data and building reports in Excel instead of spending time analyzing the data to gain insight and drive more informed business decisions,” said George McMann, founder and CEO of BizNet Software. “We share insightsoftware’s vision for financial reporting and enterprise performance management, so this deal opens a whole new world of opportunities for our customers and partners to access complementary reporting and analysis solutions across a wide range of ERP and EPM systems.”

 

SOURCE insightsoftware

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Acquisitions

eToro Signals Tokenized Future With Acquisition of Smart Contract Infrastructure Provider Firmo

Vlad Poptamas

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Reading Time: 2 minutes

 

Global multi-asset investment platform eToro has today announced that it has acquired Firmo, for an undisclosed amount. Firmo enables smart contracts for derivatives to be securely enabled on any major blockchain.

Commenting on the news Yoni Assia, Co-founder and CEO of eToro, said: The acquisition of Firmo will enable eToro to accelerate the growth of our tokenized assets offering. Blockchain and the tokenization of assets will play a major role in the future of finance. We believe that in time all investible assets will be tokenized and that we will see the greatest transfer of wealth ever onto the blockchain.

eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. While this core vision remains the same, new technology namely blockchain, means that the eToro business has, and will continue to, evolve.

Yoni Assia continued: While our expansion has been largely organic to date, as the eToro business continues to grow we are on the lookout to acquire businesses which will help us stay at the forefront of fintech innovation. We believe that the market is particularly exciting at the moment.

The Firmo team will act as an internal innovation unit tasked with bringing to life the goal of tokenizing all assets on eToro. This will involve research and development of infrastructure for the representation of assets and the execution of trade processes on blockchain infrastructure.

Dr. Omri Ross, CEO and Founder of Firmo , said: The advent of crypto and the blockchain technology that underpins it has driven an explosion in financial innovation, however, a number of challenges are preventing mass adoption and integration into legacy infrastructure. Our goal is to enable our users to trade any asset globally with instant settlement by tokenizing assets and executing all essential trade processes on the blockchain.

Firmo’s underlying technology provides a platform to securely deploy financial contracts and can work with any blockchain. They have developed a formally verified, domain-specific contract language ‘FirmoLang’ which, with the support of Firmo’s compiler can be translated onto a number of blockchain platforms such as Ethereum, EOS or NEO.

Yoni Assia said: The Firmo team has done ground-breaking work in developing practical applications for blockchain technology which will facilitate friction-less global trading. The adoption of smart contracts on the blockchain increases trust and transparency in financial services. We are incredibly proud and excited that they will be joining the eToro family. We believe that together we have a very bright future and look forward to pursuing our shared goal to become the first truly global service provider allowing people to trade, invest and save.

 

SOURCE eToro

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