Some of the names on the move ahead of the open.» Read More
LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, has agreed to buy U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the faster-growing boutique hotel sector. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings...
LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, said it had agreed to acquire U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the boutique hotel space. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings enhancing...
LONDON, Dec 8- InterContinental Hotels Group, one of the world's largest hoteliers, said on Monday it had agreed to sell its Paris- Le Grand hotel for 330 million euros to Constellation Hotels. IHG said it had accepted the offer from Constellation, which was announced in August, following a period of consultation with employees. The deal is expected to complete by...
LONDON, Oct 8- European equities fell on Wednesday, with a benchmark index slipping to its lowest in nearly two months, as investors moved out of shares around the world in the face of discouraging signals about the global economy. Growing concern over the spread of Ebola outside Africa also hurt sentiment. In the latest evidence of economic malaise, China's...
SYDNEY, Sept 1- Australia's flagship airline, Qantas Airways Ltd, is making a mint helping other companies keep their customers- even as it struggles to retain the loyalty of its own. Rival carrier Virgin Australia Holdings announced on Friday it was offloading a stake in its loyalty plan.
European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.
BOSTON, Aug 4- Activist hedge fund Marcato Capital Management said on Monday that it has hired Houlihan Lokey as a financial advisor as it seeks to persuade InterContinental Hotels Group to consider selling itself.
Marcato Capital Management has hired a bank to tout a purchase of InterContinental Hotels Group for a tax inversion, the Journal reports.
Intercontinental Hotels' board rejected a merger offer in May, Sky News reports.
Take a look at some of Monday's midday movers:
Some of Thursday's midday movers:
European shares closed slightly higher on Tuesday, as the U.K.'s FTSE Index rose after being closed for a public holiday.
Some of the names on the move ahead of the open.
Europe's AC Hotels are coming to the United States in hopes of luring the millennial business traveler.
The recession finally appears to be in the rear-view mirror for American travelers, many of whom will even indulge in upgrades, according to new industry reports.
European markets closed lower in trade on Friday, despite a better-than-expected U.S. jobs number.
As lending options returned last year, hotel companies have ramped up construction, including Best Western, which is aiming for a more upscale market.
U.K. companies posted their best results in two years during the fourth quarter, according to The Share Centre.
Customers at 14 hotels in eight states will get free credit monitoring for a year after a data breach.
Fourteen hotels in eight states are awaiting the results of an investigation into a nine-month security breach of customer information