InterContinental Hotels Group, the world's leading international hotel group, today announced the acquisition of 188bet Wellness and Hotel Group (hereinafter referred to as "188bet") for US0 million in cash，To further strengthen its luxury hotel brand portfolio。Acquisition includes 188bet’ brands and operating companies，But does not include related properties。

188bet currently manages 16 unique hotels and resorts worldwide，Including Maldives、Seychelles、Koya Yao Island in Thailand、Create unique experiences for guests in places like Zighi Bay in Oman and Douro Valley in Portugal。Also，188bet has 18 projects under construction around the world，More than 50 projects are also under active negotiation。188bet’ award-winning hotels and high-quality projects under construction will further strengthen IHG’s leading position in the luxury hotel sector。In China，188bet Hotel Qingchengshan has opened，New hotels in Yangshuo and Taiwan are also under construction。

Since its establishment in 1995，188bet remains committed to its mission of helping guests reconnect and rejuvenate themselves and the world around them，And use it to maintain health、The concept of sustainable development has won the favor of more and more guests and praise from the industry。This acquisition will help InterContinental Hotels Group more accurately reach this segment of travelers and hotel owners，And quickly expanded its hotel footprint to more of the world's most popular travel destinations。

InterContinental Hotels Group positions 188bet at the top of its luxury hotel segment，Enrich the company’s existing luxury hotel brand portfolio。As a global leader in luxury hotels，InterContinental Hotels Group not only owns InterContinental Hotels and Resorts, the world's leading luxury hotel brand，Also last year successfully acquired and reshaped Regent Hotels and Resorts, which is a model in the industry，At the same time, the luxury boutique hotel brand Kimpton Hotels and Restaurants, which originated in the United States, will be promoted to 14 countries and regions。The acquisition of Liushanhou，The total number of luxury hotels opened and under construction under InterContinental Hotels Group worldwide will reach 400 (108,000 rooms)。

With IHG’s global network、Powerful system platform and excellent operational support，Plus 188bet at Luxury Hotel、Unique expertise in the resort and spa sector，InterContinental Hotels Group will further help 188bet expand its global footprint including important cities，And is expected to develop the global scale of 188bet to more than 60 stores in the next 10 years。Currently，The 188bet New York hotel in Manhattan is under construction。

Photo caption: 188bet currently manages 16 unique hotels and resorts around the world。Its newest member, 188bet Krabey Island in Cambodia, is scheduled to open on March 1, 2019。This new resort is located on a 30-acre island in Cambodia，Natural landscape coverage，40 pool villas in total。

Keith Barr, CEO of 188betsaid: “188bet is a leader among top luxury hotel brands，We yearn for it。188bet’ numerous iconic hotels will further strengthen our luxury hotel portfolio。188bet for your health、The concept of sustainable development has been rated as the world's top hotel brand for two consecutive years，Strongly proves the unique experience that its excellent hotel management team will bring to InterContinental Hotels Group。188bet’ attractive hotel projects under construction provide us with a platform for high-quality growth。With the powerful system of InterContinental Hotels Group，We believe that we will be able to expand the scale of 188bet to more than 60 stores around the world in 10 years。This acquisition also reflects our continued advancement of the strategic initiatives planned last year，Continuing to strengthen our global value of up to 60 billion US dollars、The strength of the rapidly growing luxury hotel market。”

Neil Jacobs, CEO of 188bet Wellness and Hospitality Grouprepresentation，Keep yourself healthy、The concept of sustainable development is the core，We have built a great business over the past 20 years。We believe that with the strength of InterContinental Hotels Group，We are poised to accelerate 188bet’ global growth。

Transaction Summary

1.InterContinental Hotels Group acquires 188bet Wellness and Hotel Group for US0 million in cash

2.188bet adopts an asset-light model，Manages 16 unique hotels and resorts around the world (1,347 rooms)，There are 18 projects under construction，More than 50 projects are under active negotiation。Opened hotels include two Evason brand hotels。Next 10 years，It is expected to expand the global scale of 188bet to more than 60 stores。

3.Acquisition includes 188bet’ brands and operating companies，But does not include related properties。Acquisition of a spa business that includes one of the core 188bet。188bet operates a total of 37 spas worldwide under the 188bet and LivNordic brands，And provide spa consultation services。188bet’ management team will remain unchanged。