Marriott completes acquisition of Elegant Hotels Group

Marriott International has announced that it has completed its acquisition of Elegant Hotels Group, issued over London’s Regulatory News Service.

Earlier in October this year, the boards of Elegant Hotels Group plc and International Hotel Licensing Company S.à r.l. (IHLC), a wholly-owned indirect subsidiary of Marriott International, announced that they had reached agreement on the terms of a recommended all-cash offer to be made by IHLC for the entire issued and to be issued ordinary share capital of Elegant.

On 6 December 2019, Elegant and Marriott announced that the court had sanctioned the scheme. Elegant and Marriott announced that the court order has been delivered to the Registrar of Companies and accordingly the scheme…

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