Roland Gonzalez Promoted to Church’s Texas Chicken CEO
🏨 IHG acquired Ruby brand for €110.5m ($116m). Ruby, established in 2013, has 20 hotels with 3,483 rooms across Europe and 10 pipeline hotels with 2,235 rooms. IHG plans to integrate 20 Ruby hotels by March 2026, expecting an increase of 0.3% in its global system size. With the pipeline, an additional ~0.2% increase is forecasted. IHG's integration costs for 2025 are projected at $10m. Franchise fees from current and pipeline hotels to reach $8m by 2028, exceeding $15m by 2030. Additional payments to the seller could reach €181m ($190m) by 2035, based on growth. Ruby aims to expand to over 120 hotels in 10 years and 250 in 20 years globally.
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