InterContinental Hotels Group PLCNYSE
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  • Mon, Aug. 8, 8:46 AM
    • Anbang Insurance Group is not considering an offer for InterContinental Hotels (NYSE:IHG), a representative for the Chinese company said, rejecting a Sunday Times report that a takeover was in the works.
    • Anbang dropped its pursuit of Starwood Hotels in March, ending a bidding war with Marriott International.
    | Mon, Aug. 8, 8:46 AM | 1 Comment
  • Fri, Mar. 18, 9:27 AM
    • Marriott International (NASDAQ:MAR) issues a statement following the announcement of Starwood Hotel & Resorts (NYSE:HOT) acceptance of an offer from an Anbang consortium.
    • The company notes it still has until March 28 to bring in a new offer and has a tidy termination fee of $400M fee waiting for it if a new deal isn't struck. The tone from Marriott is that the chase is decidedly still on.
    • The quick analysis from several hotel sector analysts is that a Marriott-Starwood deal is ultimately more likely than an Anbang-Starwood combination.
    • M +1.32% to $72.25. HOT +5.04% to $80.24. Shares of Hyatt Hotels (NYSE:H) and InterContinental Hotels Group (NYSE:IHG) are on watch due to their trend of extra volatility on sector M&A developments.
    • Previously: Marriott loses Starwood (for now) (Mar. 18 2016)
    | Fri, Mar. 18, 9:27 AM | 5 Comments
  • Nov. 17, 2015, 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)
    | Nov. 17, 2015, 7:02 AM
  • Jul. 30, 2015, 11:19 AM
    | Jul. 30, 2015, 11:19 AM | 4 Comments
  • Dec. 15, 2014, 11:38 PM
    • InterContinental Hotels Group (NYSE:IHG) announces it acquired Kimpton Hotels & Restaurants for $430M.
    • The Kimpton line of hotels is one of the largest boutique chains in the U.S. with 62 hotels in the U.S. and another 16 in the pipeline.
    • IHG thinks it can double Kimpton's EBITDA by 2017 and achieve returns above IHG's cost of capital by the third year after closing.
    | Dec. 15, 2014, 11:38 PM | 1 Comment
  • Nov. 11, 2014, 12:17 PM
    • Marcato Capital issues an open letter to shareholders of InterContinental Hotels Group (IHG +2.6%).
    • The investment firm says a detailed analysis by Houlihan Lokey indicated an equity combination with another hotel operator would give shareholders a 100% premium over IHG's current trading price.
    • A full review of strategic options is deemed by Marcato to be the best course of action for IHG.
    | Nov. 11, 2014, 12:17 PM
  • May 29, 2014, 9:29 AM
    • Marcato Capital Management says a combination of InterContinental Hotels Group (IHG) with a larger hotel chain would provide "compelling" strategic and financial advantages.
    • Shares of InterContinental have been active this week on buyout talk.
    • Marcato holds a 3.8% stake in IHG.
    | May 29, 2014, 9:29 AM
  • May 26, 2014, 7:52 AM
    • InterContinental Hotels Group (IHG) has turned down a secret £6B offer from a U.S. rival for being too low, Sky News reports.
    • It's unclear who the suitor was, although analysts speculated that it could have been Starwood Hotels & Resorts (HOT).
    • InterContinental is bracing itself for a renewed offer from the bidder or from a rival, with U.S. hotel companies thought to be attracted by the prospect of moving their tax bases to U.K.
    | May 26, 2014, 7:52 AM