InterContinental to Open 400 Hotels, Convert Stalled Projects | bloomberg.com

InterContinental Hotels Group Plc, owner of the Holiday Inn brand, plans to open 400 hotels this year and may work with developers to convert residential projects that have stalled. Halted developments in urban areas “are particularly interesting,” Jim Anhut, chief development officer at Windsor, England-based IHG, said in an interview. “We’ve had some good opportunities.”