The Hotel Group history

Morgans Hotel Opens: 1985

As GrandMet focused its core business and expanded into fast food through the purchase of Burger King, it sold IHC to Japanese based Saison Group in 1988.

In 1989, the British Government limited the number of pubs which brewers could directly own, resulting in Bass investing in the expansion of its small line of hotels.

He was able to open the Paramount in October 1990, and like the Morgans and Royalton it was an immediate hit.

For several years he had his eye on the Miami market, and in 1993 Morgans bought the 328-room Delano hotel in Miami Beach, having it redesigned as a contemporary family resort.

In 1994, the Group launched Altis Park Hotel, a 4-star contemporary styled project with 300 rooms located in the Encosta das Olaias development.

By the end of 1995, NH was already one of Spain’s leading city hotel chains, with 54 establishments located nationwide.

Also in 1996 Morgans acquired the venerable 375-room Clift in San Francisco.

In March 1998, Saison Group sold IHC to British brewery Bass, which traces its roots back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent.

In 1999 NH Hoteles also acquired 91.5% of Sotogrande, a company devoted to the development of premium residences designed for family living.

In 2000, Bass sold its brewing assets (and the rights to the Bass name) to the major Belgian brewer Interbrew for £2.3 billion and changed its name to Six Continents.

The idea was supposed to be launched in the Morgans' hotels in 2001, but other events intervened to derail the plans: the economy soured and, more importantly, the terrorist attacks of September 11, 2001, had a dramatic impact on New York City's hotels and tourist industry.

In 2002 NH continued its M&A-led international growth strategy, acquiring the German chain, Astron Hotels, which added 46 hotels in Germany, six in Austria and one in Switzerland to the burgeoning portfolio.

InterContinental Hotels Group was founded on April 15, 2003 and is headquartered in Denham, the United Kingdom.“

IHG retained Britvic, the soft drinks division, until December 2005 when it sold its interest in the company by aninitial public offering.

In February 2006 he took the company public, netting approximately $275 million.

Having been awarded the Prince Felipe Award for Excellence in Tourism and been named the Best Place to Work in Spain, Holland and Germany, NH Hoteles started out 2007 with 341 hotels in 21 countries on three continents, 49 projects in the pipeline and 19,000 employees of 115 different nationalities.

In 2009, NH and Spanish chain Hesperia agreed to merge their respective hotel management businesses.

In September 2010 the Group had more than one newcomer with the inauguration of the Altis Prime, a luxury apartment hotel.

By 2011, NH Hoteles was positioned as one of the world’s top 25 hotels and one of Europe’s most important chains, with around 400 establishments and 60,000 rooms.

Welcoming athletes and spectators from all over the world, Holiday Inn and Holiday Inn Express serve as official hotel services providers to the London 2012 Olympic and Paralympic Games.

2013 was a milestone year in the Company’s ongoing transformation.

In April/May 2014 the company reportedly rejected a $10 billion takeover bid from an unknown suitor, believed to be Starwood.”

Regarding the Expansion Plan, at the beginning of 2015 the Group completed the acquisition of the Latin American chain Hoteles Royal which allowed NH Hotel Group to launch its brands in Colombia, become leader in Bogotá, and increase the presence in Chile and Ecuador.

Radisson Hotel Group rebranded Club Carlson loyalty program to Radisson Rewards Rezidor Hotel Group AB (publ) renamed to Radisson Hospitality AB (publ) on 7 May 2018.

In 2019 the extension of the Altis Avenida Hotel to the entire building was completed with more 48 rooms, the Rossio Gastrobar and a panoramic sundeck.