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  "documentTitle": "2024 FY Results Presentation",
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  "authorName": "IHG",
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      "text": "Enriching IHG’s brand portfolio with an exciting, distinct and high-quality offer for both guests and owners in popular city destinations",
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      "text": "1. Based on 20 hotels currently open and 10 pipeline hotels opening by end of 2027.\n2. Based on further development by the seller and IHG’s planned expansion of the brand with other hotel owners globally.\n3. To incentivise further growth in the brand by the seller, potential additional payments ranging from €nil up to €181m ($190m) may become payable in 2030 and 2035 contingent on the number of Ruby-branded rooms operated by the seller at the end of the preceding year.",
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      "text": "Upscale urban lifestyle brand for modern travellers\n20 hotels open (3.5k rooms) across 13 major European cities\n10 hotels (2.2k rooms) in the pipeline opening by end of 2027\nAnticipated ~$8m fee revenue by 2028 and >$15m by 2030\n€110.5m (~$116m) initial purchase consideration",
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      "text": "Our newest brand: Ruby",
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