RRuby Hotels operates urban lifestyle hotels and Ruby Workspaces across Europe, offering lean luxury with high-quality essentials and fewer services. Its hotels are built in prime city-center locations and often converted from offices or retail spaces, using modular construction and automated, centralized back-end processes with self-service check-in. This approach keeps costs down and spaces design-led, delivering stylish rooms with good beds and features while avoiding expensive amenities like full-service dining. The goal is to provide premium, accessible stays and flexible workspaces, and to scale the concept globally, a path evidenced by its acquisition by IHG and ongoing expansion.
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Industries
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Munich, Germany
Founded
2013
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Munich-based Ruby Hotels will open its first US location in a 1920s landmark building in Chicago, marking the luxury hotel group's expansion beyond Europe. The 22-storey, 412-room property will be developed just east of Michigan Avenue's Magnificent Mile. Founded in 2013 by Michael Struck, Ruby Group operates 34 properties across European cities including Düsseldorf, Zürich and London, focusing on "lean luxury" through sleek, tech-driven design rather than overt extravagance. The expansion follows IHG Hotels & Resorts' acquisition of the group in late 2025. The move comes as the global luxury hotel market is projected to grow from $103.93 billion in 2024 to $156.80 billion by 2030, according to Grand View Research and CoStar.
Deal for $116m disclosed alongside annual results
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Munich, Germany
Founded
2013
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs