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.
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.
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.
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.
InterContinental Hotels Group Plc, owner of the Holiday Inn, Crowne Plaza and Hotel Indigo brands, plans to sell its London Park Lane hotel for about $380 million “early this year,” according to Kirk Kinsell, the company’s president for the Americas.