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.
FTSE 100
8,060.61
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
InterContinental Hotels Group
9,444.00p
15:45 15/11/24
-0.51%
-48.00p
Travel & Leisure
8,607.27
15:45 15/11/24
-0.29%
-25.35
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.