Yesterday, 7:32 AM
- Traders in London think that Chinese companies that missed out on acquiring Starwood will turn their attention to InterContinental Hotels Group (NYSE:IHG), reports The Telegraph.
- Shanghai Jin Jiang International Hotels Group (OTC:SJJIY) is seen as one of the potential bidders for the hotel operator with over 4.9K properties spread across the world.
- IHG +3.14% premarket to $38.71 vs. a 52-week trading range of $33.34 to $44.72.
Tue, Nov. 17, 7:02 AM
- Hotel industry insiders think there is more consolidation within the lodging sector on tap to follow the merger of Starwood Hotels & Resorts Worldwide and Marriott International.
- A significant increase in scale is seen as a way to compete with upstarts such as Airbnb, while interested Chinese buyers are still lurking in the background.
- Hyatt Hotels (NYSE:H), InterContinental Hotels Group (NYSE:IHG), and Acccor (OTCPK:ACRFF, OTCPK:ACRFY) are three names to watch for M&A.
- Previously: Marriott to buy Starwood Hotels for $12.2B (Nov. 16 2015)
Mon, Nov. 16, 9:57 AM
- A group of travel, lodging, and airline stocks are weaker than broad market averages on heightened concerns over global travel and tourism after the Paris attacks.
- Notable decliners include Delta Air Lines (DAL -1.8%), American Airlines Group (AAL -1.6%), Priceline (PCLN -4.5%), Expedia (EXPE -2.1%), China Lodging Group (HTHT -0.6%), Wyndham Worldwide (WYN -2.5%), Hilton Worldwide (HLT -2.6%), and Intercontinental Hotels Group (IHG -1.6%).
Fri, Nov. 6, 5:38 PM
Fri, Nov. 6, 3:04 PM
Fri, Nov. 6, 8:10 AM
- InterContinental Hotels Group (NYSE:IHG) is exploring potential M&A deals amid a wave of consolidation in the lodging industry, according to Bloomberg.
- Sources indicate the hotel operator is taking advice from outside financial advisers on if it should seek a buyout or merger opportunity.
- Shares of IHG are solidly higher in London trading , while the U.S. ADRs are up 3.69% in premarket action.
Wed, Oct. 28, 11:41 AM
- Lodging and leisure stocks are getting a lift off of increased talk of M&A in the sector and some positive reads on pricing trends. RevPAR numbers from early Q3 reporters have been solid.
- Advancers: Morgans Hotel Group (MHGC +4.2%), FelCor Lodging (FCH +3.5%), Diamond Resorts International (DRII +3.4%), Wyndham Worldwide (WYN +0.8%), Clubcorp Holdings (MYCC +1.9%), Vail Resorts (MTN +0.8%), Intrawest Resorts (SNOW +1.4%), Peak Resorts (SKIS +1.2%), Choice Hotels International (CHH +1.2%), Homeinns Hotel Group (HMIN +1.5%), InterContinental Hotels Group (IHG +1.1%).
- Previously: Hotel stocks higher after Chinese firms express interest in Starwood (Oct. 27 2015)
- Previously: Hyatt Hotels reportedly on the hunt for Starwood Hotels & Resorts (Oct. 28 2015)
Thu, Oct. 22, 9:45 AM
- InterContinental Hotels Group (IHG +0.3%) reported brisk RevPAR growth of 4.8% in Q3 off of strong pricing. A strong U.S. dollar cut into results during the quarter.
- RevPAR growth by region: Americas +4.3%, Europe +7.8%, Asia/Middle East/Africa +7.1%, Greater China -0.7%.
- During the quarter, the hotel operator added a net 3K rooms. Deals for 16K new rooms were signed, including 5K in Greater China.
- The companys says it's signing hotels into its pipeline at the fastest rate since 2008.
- InterContinental Hotel Q3 statement.
Thu, Jul. 30, 11:19 AM
- InterContinental Hotels Group (IHG +3.4%) and Starwood Hotels & Resorts (HOT +0.8%) are in informal talks about a merger, sources tell Financial Times.
- Both companies reported earnings today without commenting on consolidation plans.
- Previously: Starwood Hotel & Resorts beats by $0.10, beats on revenue (Jul. 30 2015)
- Previously: InterContinental Hotels reports 1H15 results (Jul. 30 2015)
Thu, Jul. 30, 8:53 AM
Fri, Jul. 17, 7:58 AM
- Starwood Hotels & Resorts (NYSE:HOT) and InterContinental Hotels Group (NYSE:IHG) are seen as closer to a merge.
- InterContinental's sale of its Hong Kong property was geared toward raising funds for a merger, according to sources.
- Starwood has been under pressure to look for a partner due to its unbalanced hotel portfolio which is concentrated on the high end.
- Some analysts have suggested that Hilton Worldwide (NYSE:HLT) might enter the scene before all the dance cards are filled.
Fri, Jul. 10, 7:58 AM
Mon, Jun. 1, 8:29 AM
- Fitch Ratings boosts its estimate on U.S. RevPar in the lodging industry to 7% from 6% after seeing strong trends for the first four months of the year.
- The ratings agency cites a favorable macroeconomic backdrop and a "muted" hotel supply growth trend as supporting its outlook.
- Fitch notes that a downturn in a few leading industry indicators bears watching.
- Hotel stocks: BEL, CHH, EXPE, H, HLT, HMIN, HOT, IHG, MAR, STAY, WYN.
Wed, Apr. 29, 10:14 AM
- It's a festive day for the lodging sector after Hilton Worldwide (HLT +3.7%) beats with its Q1 report and Starwood Hotels & Resorts (HOT +7.5%) announces it will explore strategic options.
- Hilton's 6.9% increase in RevPAR stood out and helped the company boost its EBITDA margin, while Starwood's announcement has pushed shares to new all-time highs.
- Intercontinental Hotels Group (IHG +2.7%), Wyndham Worldwide (WYN +1.4%), Marriott International (MAR +2.3%), Hyatt (H +1.9%), Extended Stay America (STAY +1.3%), and Choice Hotels International (CHH +0.9%) are all higher in early action.
- Previously: Starwood Hotels & Resorts to explore all strategic options
- Previously: Hilton Worldwide EPS in-line, beats on revenue
- Previously: More on Hilton Worldwide's Q1
Thu, Apr. 9, 9:29 AM
Fri, Feb. 27, 7:13 AM
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The Company operates its hotels under the brands InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels.
Other News & PR