IHG invests in wellness with Six Senses buy

Six Senses Hotels Resorts Spas comprises 16 resorts and hotels. The newest addition to the portfolio, Six Senses Krabey Island, opens on March 1 in Cambodia. Photo credit: Six Senses Hotels Hotels Resorts Spas

IHG has added a new brand to its portfolio with the acquisition of Six Senses Hotels Resorts Spas. The U.K.-based hospitality company acquired the wellness brand from private equity fund Pegasus Capital Advisors for $300 million.

The sale includes the management of 16 hotels and resorts, 37 spas and sister companies Evason and Raison d’Etre. 

Related: Hotels find new ways to incorporate wellness

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Six Senses CEO Neil Jacobs said that the acquisition marked an "exciting new era" for the brand. "IHG believes in our purpose to merge the two platforms of wellness and sustainability to promote personal health and the health of the planet," he said in a statement. "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."

As part of the IHG family, Six Senses is expected to expand to 60 properties within the next 10 years, including 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 neighborhood. The next property to open will be the Six Senses Krabey Island in Cambodia, which is slated to debut on March 1. The property has 40 villas, all with private plunge pools.

 

Suggested Articles

In addition to a new deal to expand in Denmark, the chain also is growing in France, Greece and Vietnam.

The newly built property has 140 apartments across a mix of one-, two- and three-bedroom units.

Ahead of the Mediterranean Resort & Hotel Real Estate Forum, Joachim Schmitt discusses the hospitality investment climate.