Holiday Inn News
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InterContinental Hotels Group Plc, the world’s largest provider of hotel accommodation, said first- quarter revenue per room rose as the company added properties and charged more per room.
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InterContinental Hotels Group Plc, owner of the Holiday Inn, Crowne Plaza and Hotel Indigo brands, will be ready to sell its New York Barclay hotel this year after completing renovation plans, Chief Executive Officer Richard Solomons said.
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When clients in Midland, Texas, complained that they couldn’t find office space, hotel rooms or banquet halls, hedge fund co-founder Joseph Jacobs saw a big opportunity.
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Sales of German hotels rose 44 percent in the first quarter as foreign investors sought safe investments in Europe’s largest economy, CBRE Group Inc. said.
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InterContinental Hotels Group Plc is taking 24 percent of a joint venture with Duet India Hotels Group to build 19 Holiday Inn Express hotels in India during the next five years, the Financial Times reported, citing Richard Solomons , IHG’s finance director.
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Fiji battled back from trailing 19-0 at halftime to beat Wales in the final of the Hong Kong Sevens tournament yesterday in front of a capacity crowd of 40,000.
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Starwood Hotels & Resorts Worldwide Inc., owner of the St. Regis, Sheraton and Westin brands, plans to sell $2 billion to $3 billion of hotels in two to three years, Chief Executive Officer Frits van Paasschen said today.
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Hong Kong hosts a record 28 teams for its annual Sevens rugby tournament this weekend as bankers and brokers defy job cuts to snap up tickets for the premier event on the international circuit.
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InterContinental Hotels Group Plc agreed to sell its London Park Lane Hotel to Middle Eastern investors for 301.5 million pounds ($457 million) as it sharpens its focus on managing properties and brands.
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