FIH ANNOUNCES STRATEGIC ALLIANCE WITH IHG
(WorldNews Entertainment)

[14 March 2018] FIH ANNOUNCES STRATEGIC ALLIANCE WITH IHG Formosa International Hotels Corporation (FIH) today announces that it has formalised a joint venture agreement with InterContinental Hotels Group (IHG) to accelerate the international expansion of Regent Hotels & Resorts (Regent). Under this agreement, IHG will take a controlling stake in Regent. All current Regent properties will join IHG`s global online reservation system and loyalty program, accelerating the growth of both sales and profits. Also, IHG will have the rights to develop and manage all existing and new Regent hotels outside of Taiwan whilst FIH shall retain exclusive rights to develop and manage future developments...