IHG completes the acquisition of a 51% stake in Regent Hotels & Resorts for USD39 million

InterContinental Hotels Group (IHG) has completed its acquisition of a 51% stake in Regent Hotels & Resorts for USD39 million (c. €33.5 million) in cash, payable in three tranches of USD13 million (c. €11.2 million) . USD13 million (c. €11.2 million) was paid on completion, with the second amount…