Chinese investors size up InterContinental Hotels

InterContinental Hotels Group is reportedly being eyed up by a number of Chinese firms following the sale of Starwood Hotels & Resorts to Marriott earlier this month.

The hotel chain is thought to be a new target for a trio of Chinese investors that had shown interest in Starwood, sources told the Sunday Telegraph.

No approaches have yet been made.

FTSE 100-listed InterContinental operates close to 730,000 rooms from more than 4,900 hotels in nearly 100 countries.

The group, who chains include the Holiday Inn, is valued at approximately £5.8bn.