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.
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InterContinental Hotels Group
8,034.00p
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Travel & Leisure
7,572.38
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19.48
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.