International Hotel Investments plc - New Corinthia Hotel in New York

On 5 May 2021, International Hotel Investments plc (IHI) announced that its operating arm Corinthia Hotels Limited has signed an agreement with private investment firm Reuben Brothers to manage and operate ‘The Surrey, a Corinthia Hotel’ in New York. The hotel, which was acquired by the Reuben Brothers in 2020 reportedly for a total consideration of USD150 million, is currently undergoing an extensive transformation and is expected to reopen in early 2023.

This development will mark the Corinthia group’s first property in the United States and a second collaboration with Rueben Brothers, with whom a Corinthia Hotel is under development in Rome.

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