InterContinental Hotels Group has acquired Six Senses Hotels Resorts Spas, one of the world’s leading operators of luxury hotels, resorts and spas.

The $300 million cash acquisition from Pegasus Capital Advisors includes all of Six Senses’ brands and operating companies and does not include any real estate assets. Six Senses currently manages 16 hotels and resorts, with 18 management contracts signed into its pipeline, and more than 50 further deals under active discussion.

With properties in locations such as the Maldives, the Seychelles, Yao Noi in Thailand, Zighy Bay in Oman, and Portugal’s Douro Valley, the addition of Six Senses will further round IHG’s position in the luxury segment.

At Six Senses’ core is a commitment to guest rejuvenation and reconnection, with an expert focus on wellness and sustainability. Six Senses will sit at the top of IHG’s luxury portfolio.

The acquisition of Six Senses takes IHG’s portfolio of open and pipeline luxury hotels to 400 hotels (108,000 rooms) globally.