IHG denies sale or merger speculation

InterContinental Hotels Group (IHG), which owns the Crowne Plaza and Holiday Inn brands, has denied speculation that it is considering a sale or merger.

A statement from IHG, which operates 5,000 hotels worldwide, said: “Following recent market speculation, the board of directors of IHG states that it is not considering a potential sale or merger of the company.”

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http://www.hotelowner.co.uk/4923-ihg-denies-sale-or-merger-speculation/