Intercontinental Hotel News
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As angry protesters rampaged through Cairo in early 2011 and fought with police, Hesham Samy was dispatched with fellow naval commandos to guard upscale residential compounds. In what he saw as “awful” security, Samy spotted an opportunity.
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U.K. stocks climbed, extending the the highest level for the FTSE 100 Index in more than five years, as companies from Next Plc to Sage Group Plc reported results.
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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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Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
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When Ignis Asset fund manager David Clark first heard of Snoozebox, portable hotels made of stackable containers that have housed fans at events such as the Le Mans 24-hour car race, he wanted to kick himself. Instead, he made sure Ignis was the biggest investor.
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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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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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InterContinental Hotels Group Plc, the world’s largest provider of hotel rooms, reported a 5.4 percent increase in first-quarter earnings, helped by increased revenue per room in China and the U.S.
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U.K. stocks rose, with the FTSE 100 Index advancing to its highest level since January 2008, as a report showed that German economic sentiment improved more than forecast in February.
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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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