IHG spurns acquisition bid, but talk of possible sale not finished | hotelmanagement.net
It'll cost more than $10.1 billion to own the InterContinental Hotels Group. We know that because over the weekend, an unnamed suitor approached the UK-based chain, owner of such brands as Crowne Plaza and Holiday Inn, with an offer of that amount to take over the company. The news was reported by UK's Sky News, and already there is speculation about who it may have been, with names such as Starwood Hotels & Resorts Worldwide and Starwood Capital Group (no relation) being tossed out.
