The investment would bring to a close of Oyo's $1 billion financing round, valuing it at $5 billion.
The acquisition of Six Senses takes IHG’s portfolio of open and pipeline luxury hotels to 400 hotels (108,000 rooms) globally.
With operations in France, Belgium and the UK, Virtuo has raised almost €30 million to date to digitise the car rental industry across Europe.
Touchpeak will now be incorporated into Shiji Payment Solutions and continue to operate its business and serve its customers as it has before as a wholly owned company of the Shiji Group.
Q4 Hotel Revenue was $240 million, a 2% decrease year-over-year. Full-year Hotel Revenue was approximately $1.16 billion, a 3% decrease year-over-year.
The Jade Palace Hotel, which started operation in 1998, posted a net loss of 47 million yuan for the nine months from January to September 2018.
The site currently offers more than 3,400 listings in five markets - San Francisco, Los Angeles, New York, Washington and Boston .
Since launching in 2011, Secret Escapes has secured funding worth $246.5 million and according to London’s Telegraph is looking at a potential IPO worth $649 million (£500 million.)
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