IHG likely to look at more boutique-style hotel deals: CEO | reuters.com
Intercontinental Hotels Group (IHG.L) is interested in smaller deals to expand its portfolio, but won't be growing for the sake of it, its chief executive told Reuters on Monday. Consolidation in the hotel industry heated up late last year, with Marriott (MAR.O) announcing plans to purchase Starwood (HOT.N) and France's AccorHotels (ACCP.PA) agreeing a deal for FRHI, the owner of luxury hotels such as London's Savoy.