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  "documentTitle": "2025 11 Investor Pack",
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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 open and 10 pipeline hotels opening by end of 2027 at the time of acquisition. 2. Based on further development by the seller and IHG’s planned expansion of the brand with other hotel owners globally. 3. To incentivise further growth...",
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      "text": "At the time of acquisition... 20 hotels open (3.5k rooms) across 7 European countries; 10 hotels (2.2k rooms) in the pipeline opening by end of 2027; Anticipated ~$8m fee revenue by 2028 and >$15m by 2030; €110.5m (~$116m) initial purchase consideration",
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      "text": "Today... First 16 of 20 open hotels added to IHG’s system (2.7k rooms); Technology integration well underway; Additional 4 hotels (0.8k rooms) signed since acquisition; On track to become franchise ready in the US this year",
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