IHG up +2.68% percent right now. $IHG High is at 40.69 and the Low 39.00 with current volume of 757,141.
Recent News posted below.
IHG Intercontinental Hotels Group Recent Headline News
Marcato Capital pitches merger strategy to IHG shareholders
Seeking Alpha - at Seeking Alpha - 1 hr 49 mins ago
IHG: 40.35 (+1.17)
Marcato Capital Management Releases Letter And Presentation To Intercontinental Hotels Group Shareholders
PR Newswire - Tue Nov 11, 9:00AM CST
Marcato Capital Management LP ("Marcato"
, a San Francisco-based investment manager that owns approximately 4.0% of the outstanding shares of Intercontinental Hotels Group plc (LSE: IHG; NYSE: IHG), today released a letter to IHG shareholders along with a detailed presentation outlining the results of an independent evaluation of various potential strategic alternatives conducted by Houlihan Lokey. The letter and presentation can be viewed at www.IHGvaluecreation.com.
IHG: 40.35 (+1.17)
The Global Budget Hotels Market to 2018
M2 - Mon Nov 10, 11:10AM CST
Research and Markets (http://www.researchandmarkets.com/research/k4vcl3/the_global_budget) has announced the addition of the "The Global Budget Hotels Market to 2018" report to their offering. The budget hotels category is set for growth over the forecast period (2014-2018) due to demand for affordable lodging products, with rising middle-class populations in Asia-Pacific and Africa driving demand. Investor interest in this particular category increased as budget hotels proved to be less susceptible than luxury hotels to the global financial crisis. Several leading international luxury hotel chains have set up economy brands to focus exclusively on budget hotels category. Marriott International introduced its economy Moxy Hotels brand in Europe in 2013. Accor Hotels has two budget hotel brands: Ibis Budget and hotelF1 (previously Formule 1). Lemon Tree Hotels operates the Red Fox budget brand in India. Local budget and midscale hotel brands are expanding their presence into Tier II and Tier III cities such as Chennai and Surat in India, and Nanjing and Zhenzhou in China. International brands are increasingly marking their presence in these emerging markets, attracted by their lucrative potential. For example, UK-based budget hotel operator Premier Inn is active in India, while InterContinental Hotels Group's Holiday Inn Express and Holiday Inn Hotels & Resorts, and Wyndham Hotel Group's Super 8 are active in China. The US is the largest global market for budget hotels, with revenues totaling US$12.4 billion in 2013. However, the budget category's share of the hotel industry is low in comparison to developed European economies such as the UK and France, and Latin American economies such as Brazil, Argentina and Peru. In terms of revenue, the category's penetration in the US stood at 7.6% in 2013. The Asia-Pacific's budget hotels category registered strong growth during the review period. The category is becoming more standardized, and levels of consistency in the final product have risen. Branded hotel chains are strong in this area and are able to garner large market shares. Europe is a key market for budget hotels: Premier Inn, Travelodge, Ibis, hotelF1, Motel One, and easy Hotel all have a presence. Many European economies were adversely affected by the financial and eurozone debt crisis. Consequently, disposable consumer incomes fell, leading to a fall in the number of trips and a rise in demand for cheaper accommodation. This has been a key driver of growth for budget hotels in Europe. Budget hotels in the UAE are registering solid occupancy rates and provided good returns during the review period. Room occupancy rates in the country stood at 72.2% in 2013. Accor's Ibis brand entered the Middle East in 2008 and currently has six properties in the UAE running at an occupancy rate of 80%. According to Christian Karaoglanian, the chief development officer for Accor Hospitality Worldwide, the cost of building a budget hotel is 20-25% that of a luxury hotel. Key Topics Covered: 1 Global Budget Hotels - Key Trends and Issues 2 Global Budget Hotels - Mergers and Acquisitions 3 Global Budget Hotel KPIs - the Americas 4 Global Budget Hotel KPIS - Asia-Pacific 5 Global Budget Hotel KPIs - Europe 6 Global Budget Hotel KPIs - the Middle East and Africa 7 Global Budget Hotel Profiles - Red Roof Inn - Candlewood Suites - Formule 1 - ibis budget hotels - Premier Inn - Travelodge - Ginger - Home Inns Group - Holiday Inn Express - Econo Lodge For more information visit http://www.researchandmarkets.com/research/k4...bal_budget
MAR: 77.02 (+0.46), IHG: 40.35 (+1.17)
Strong forecast for hotel industry
Seeking Alpha - at Seeking Alpha - Mon Nov 10, 8:20AM CST
WYN: 79.10 (+1.43), HLT: 25.15 (+0.01), CHH: 53.74 (+1.07), HMIN: 30.70 (+0.30), EXPE: 86.55 (+0.55), MAR: 77.02 (+0.46), H: 58.12 (+0.72), IHG: 40.35 (+1.17), BEL: 11.18 (-0.06), STAY: 17.96 (-0.49), HOT: 77.88 (+1.09)
Lamar Q3 Earnings Miss but Revenues Beat Estimates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Nov 07, 10:00AM CST
Lamar (LAMR), which is in undergoing a formal transformation to a REIT, reported third-quarter 2014 earnings of 37 cents per share, missing the Zacks Consensus Estimate by a penny.
HLT: 25.15 (+0.01), LAMR: 52.09 (+0.04), MAR: 77.02 (+0.46), IHG: 40.35 (+1.17)
Global Budget Hotels Market 2014-2018 Research Report
PR Newswire - Thu Nov 06, 4:30AM CST
The budget hotels market category is set for growth over the forecast period (2014−2018) due to demand for affordable lodging products, with rising middle-class populations in Asia-Pacific and Africa driving demand. Investor interest in this particular category increased as budget hotels proved to be less susceptible than luxury hotels to the global financial crisis. Complete report titled The Global Budget Hotels Market to 2018 is now available with ReportsnReports.com at http://www.reportsnreports.com/reports/314131...-2018.html .
MAR: 77.02 (+0.46), IHG: 40.35 (+1.17)
IHG Celebrates Five Years Since Launch of IHG Army Hotels
PR Newswire - Mon Nov 03, 11:10AM CST
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, celebrates five years as the exclusive hotel brander, manager and operator of the billion dollar Privatization of Army Lodging (PAL) program. IHG continues progress to brand former U.S. Army Lodging facilities as Holiday Inn Express®, Staybridge Suites® or Candlewood Suites® hotels. These hotels are offering the service experience that IHG guests around the world know and trust on U.S. military posts across 25 states and territories.
IHG: 40.35 (+1.17)
Hyatt (H) Q3 Earnings Miss, Revenues Beat on Solid RevPAR - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Oct 30, 1:42PM CDT
Hyatt Hotels Corporation (H) reported mixed third-quarter 2014 results, as earnings missed the Zacks Consensus Estimate, while revenues beat the same.
CHH: 53.74 (+1.07), H: 58.12 (+0.72), IHG: 40.35 (+1.17)
"Does Your Content Work?" By Content Evaluation Expert Colleen Jones Now On Amazon.com
PR Newswire - Wed Oct 29, 10:00AM CDT
"Does Your Content Work?", the critically acclaimed ebook by author, Content Science Principal, and ContentWRX Cofounder Colleen Jones, is now available on Amazon.com. Featuring a practical rationale and process for evaluating content, the ebook offers anecdotes from leading content evaluation practitioners at Cox Media, Dell, InterContinental Hotels Group, Sharecare, Facebook, PayPal, and more. These real-life examples illustrate ways of overcoming common content evaluation challenges and help companies immediately start evaluating.
IHG: 40.35 (+1.17)
IHG® Announces Opening Of The World's Tallest Holiday Inn® Hotel
PR Newswire - Wed Oct 29, 8:00AM CDT
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, and Crescent Hotels & Resorts today announced the opening of the new 492-room Holiday Inn® Manhattan-Financial District hotel located in the heart of New York City's downtown business center. Standing more than 453 feet tall, the hotel's guestrooms boast spectacular views of the Hudson River and One World Trade Center. The new-build hotel is owned by Golden Seahorse, LLC and managed by Crescent Hotels & Resorts.
IHG: 40.35 (+1.17)
IHG to Roll Out Green Engage Programme to Over 4,700 Hotels
M2 - Wed Oct 29, 6:54AM CDT
AsiaTravelTips revealed on Wednesday that from 1 January 2015, InterContinental Hotels Group's Green Engage programme will be rolled out across the company's global estate of over 4,700 hotels.
IHG: 40.35 (+1.17)
Starwood (HOT) Tops Q3 Earnings on Strong RevPAR Growth - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Oct 28, 1:20PM CDT
Leading hotelier Starwood Hotels & Resorts Worldwide Inc. (HOT) posted mixed third-quarter 2014 results.
CHH: 53.74 (+1.07), MAR: 77.02 (+0.46), IHG: 40.35 (+1.17), HOT: 77.88 (+1.09)
InterContinental® Hotels & Resorts Named North America's Leading Hotel Brand By The World Travel Awards
PR Newswire - Tue Oct 28, 10:00AM CDT
InterContinental Hotels & Resorts, the global luxury brand of parent company InterContinental Hotels Group (IHG), has been named as "North America's Leading Hotel Brand" for the first time by the World Travel Awards (WTA). The WTA is one of the most prestigious award programs in the travel industry, and it celebrates organizations within the tourism sector that are pushing the boundaries of industry excellence. The InterContinental brand earned this recognition for its adherence to superior standards of quality and service at its hotels in the United States and Canada.
IHG: 40.35 (+1.17)
Holiday Inn® Brand And HLN Collaborate On New Television Series Growing America: A Journey To Success
PR Newswire - Tue Oct 28, 9:09AM CDT
The iconic Holiday Inn® brand, part of InterContinental Hotels Group (IHG), and HLN (a Turner Broadcasting network), today announced the production of the six-episode original series, Growing America: A Journey to Success, premiering on Sunday, November 16th at 9:00 pm EST on HLN. Hosted by Ty Pennington, (known for Trading Spaces, Extreme Makeover: Home Edition, On The Menu), the documentary series follows teams of MBA students from the MBAs Across America (MBAxAmerica) program, who are given one week to use their expertise to transform businesses and positively affect communities in cities across the U.S.
IHG: 40.35 (+1.17)
IHG Makes Major Environmental Commitment By Rolling Out IHG Green Engage(TM) Programme Across Global Estate
PR Newswire - Mon Oct 27, 1:30PM CDT
InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has today announced that from 1st January 2015, its flagship IHG Green Engage(TM) programme will be rolled out across the company's global estate of over 4,700 hotels.
IHG: 40.35 (+1.17)
Crowne Plaza® Hotels & Resorts Unveils Next Generation Guest Room For The Modern Business Traveler
PR Newswire - Mon Oct 27, 11:30AM CDT
Crowne Plaza Hotels & Resorts, part of IHG® (InterContinental® Hotels Group), today unveils its next generation guest room - an innovative design developed with industry-leading influencers and experts to meet the changing needs of today's modern business traveler.
IHG: 40.35 (+1.17)
Investors Should Pay Attention To Ebola - It Is Getting Worse
Michael Blair - at Seeking Alpha - Mon Oct 27, 1:37AM CDT
AAL: 43.51 (-0.32), MAR: 77.02 (+0.46), H: 58.12 (+0.72), IHG: 40.35 (+1.17), UAL: 54.43 (-0.40)
IHG Signs Two Airport Hotels in Dubai
M2 - Thu Oct 23, 4:10AM CDT
InterContinental Hotels Group has signed a franchise agreement with Abjar Hotels International for a new 450-room Holiday Inn Dubai World Central and 250-room Staybridge Suites Dubai World Central.
IHG: 40.35 (+1.17)
Intercontinental Hotels Group issues management update
Seeking Alpha - at Seeking Alpha - Tue Oct 21, 7:07AM CDT
IHG: 40.35 (+1.17)
IHG and Grupo Presidente to Extend Successful Relationship
Business Wire - Thu Oct 16, 1:32PM CDT
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, together with Grupo Presidente, a Mexico-based hotel management and ownership company, today announced that they will strengthen their relationship through an extension of their current strategic agreement. Grupo Presidente plans to continue the extensive, ongoing renovations on a portion of its existing Presidente InterContinental hotels and resorts to ensure that they best serve guests' evolving needs. Furthermore, IHG and Grupo Presidente will partner to grow the portfolio of IHG-branded hotels in Mexico.
IHG: 40.35 (+1.17)
Recent News posted below.
IHG Intercontinental Hotels Group Recent Headline News
Marcato Capital pitches merger strategy to IHG shareholders
Seeking Alpha - at Seeking Alpha - 1 hr 49 mins ago
IHG: 40.35 (+1.17)
Marcato Capital Management Releases Letter And Presentation To Intercontinental Hotels Group Shareholders
PR Newswire - Tue Nov 11, 9:00AM CST
Marcato Capital Management LP ("Marcato"
, a San Francisco-based investment manager that owns approximately 4.0% of the outstanding shares of Intercontinental Hotels Group plc (LSE: IHG; NYSE: IHG), today released a letter to IHG shareholders along with a detailed presentation outlining the results of an independent evaluation of various potential strategic alternatives conducted by Houlihan Lokey. The letter and presentation can be viewed at www.IHGvaluecreation.com. IHG: 40.35 (+1.17)
The Global Budget Hotels Market to 2018
M2 - Mon Nov 10, 11:10AM CST
Research and Markets (http://www.researchandmarkets.com/research/k4vcl3/the_global_budget) has announced the addition of the "The Global Budget Hotels Market to 2018" report to their offering. The budget hotels category is set for growth over the forecast period (2014-2018) due to demand for affordable lodging products, with rising middle-class populations in Asia-Pacific and Africa driving demand. Investor interest in this particular category increased as budget hotels proved to be less susceptible than luxury hotels to the global financial crisis. Several leading international luxury hotel chains have set up economy brands to focus exclusively on budget hotels category. Marriott International introduced its economy Moxy Hotels brand in Europe in 2013. Accor Hotels has two budget hotel brands: Ibis Budget and hotelF1 (previously Formule 1). Lemon Tree Hotels operates the Red Fox budget brand in India. Local budget and midscale hotel brands are expanding their presence into Tier II and Tier III cities such as Chennai and Surat in India, and Nanjing and Zhenzhou in China. International brands are increasingly marking their presence in these emerging markets, attracted by their lucrative potential. For example, UK-based budget hotel operator Premier Inn is active in India, while InterContinental Hotels Group's Holiday Inn Express and Holiday Inn Hotels & Resorts, and Wyndham Hotel Group's Super 8 are active in China. The US is the largest global market for budget hotels, with revenues totaling US$12.4 billion in 2013. However, the budget category's share of the hotel industry is low in comparison to developed European economies such as the UK and France, and Latin American economies such as Brazil, Argentina and Peru. In terms of revenue, the category's penetration in the US stood at 7.6% in 2013. The Asia-Pacific's budget hotels category registered strong growth during the review period. The category is becoming more standardized, and levels of consistency in the final product have risen. Branded hotel chains are strong in this area and are able to garner large market shares. Europe is a key market for budget hotels: Premier Inn, Travelodge, Ibis, hotelF1, Motel One, and easy Hotel all have a presence. Many European economies were adversely affected by the financial and eurozone debt crisis. Consequently, disposable consumer incomes fell, leading to a fall in the number of trips and a rise in demand for cheaper accommodation. This has been a key driver of growth for budget hotels in Europe. Budget hotels in the UAE are registering solid occupancy rates and provided good returns during the review period. Room occupancy rates in the country stood at 72.2% in 2013. Accor's Ibis brand entered the Middle East in 2008 and currently has six properties in the UAE running at an occupancy rate of 80%. According to Christian Karaoglanian, the chief development officer for Accor Hospitality Worldwide, the cost of building a budget hotel is 20-25% that of a luxury hotel. Key Topics Covered: 1 Global Budget Hotels - Key Trends and Issues 2 Global Budget Hotels - Mergers and Acquisitions 3 Global Budget Hotel KPIs - the Americas 4 Global Budget Hotel KPIS - Asia-Pacific 5 Global Budget Hotel KPIs - Europe 6 Global Budget Hotel KPIs - the Middle East and Africa 7 Global Budget Hotel Profiles - Red Roof Inn - Candlewood Suites - Formule 1 - ibis budget hotels - Premier Inn - Travelodge - Ginger - Home Inns Group - Holiday Inn Express - Econo Lodge For more information visit http://www.researchandmarkets.com/research/k4...bal_budget
MAR: 77.02 (+0.46), IHG: 40.35 (+1.17)
Strong forecast for hotel industry
Seeking Alpha - at Seeking Alpha - Mon Nov 10, 8:20AM CST
WYN: 79.10 (+1.43), HLT: 25.15 (+0.01), CHH: 53.74 (+1.07), HMIN: 30.70 (+0.30), EXPE: 86.55 (+0.55), MAR: 77.02 (+0.46), H: 58.12 (+0.72), IHG: 40.35 (+1.17), BEL: 11.18 (-0.06), STAY: 17.96 (-0.49), HOT: 77.88 (+1.09)
Lamar Q3 Earnings Miss but Revenues Beat Estimates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Nov 07, 10:00AM CST
Lamar (LAMR), which is in undergoing a formal transformation to a REIT, reported third-quarter 2014 earnings of 37 cents per share, missing the Zacks Consensus Estimate by a penny.
HLT: 25.15 (+0.01), LAMR: 52.09 (+0.04), MAR: 77.02 (+0.46), IHG: 40.35 (+1.17)
Global Budget Hotels Market 2014-2018 Research Report
PR Newswire - Thu Nov 06, 4:30AM CST
The budget hotels market category is set for growth over the forecast period (2014−2018) due to demand for affordable lodging products, with rising middle-class populations in Asia-Pacific and Africa driving demand. Investor interest in this particular category increased as budget hotels proved to be less susceptible than luxury hotels to the global financial crisis. Complete report titled The Global Budget Hotels Market to 2018 is now available with ReportsnReports.com at http://www.reportsnreports.com/reports/314131...-2018.html .
MAR: 77.02 (+0.46), IHG: 40.35 (+1.17)
IHG Celebrates Five Years Since Launch of IHG Army Hotels
PR Newswire - Mon Nov 03, 11:10AM CST
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, celebrates five years as the exclusive hotel brander, manager and operator of the billion dollar Privatization of Army Lodging (PAL) program. IHG continues progress to brand former U.S. Army Lodging facilities as Holiday Inn Express®, Staybridge Suites® or Candlewood Suites® hotels. These hotels are offering the service experience that IHG guests around the world know and trust on U.S. military posts across 25 states and territories.
IHG: 40.35 (+1.17)
Hyatt (H) Q3 Earnings Miss, Revenues Beat on Solid RevPAR - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Oct 30, 1:42PM CDT
Hyatt Hotels Corporation (H) reported mixed third-quarter 2014 results, as earnings missed the Zacks Consensus Estimate, while revenues beat the same.
CHH: 53.74 (+1.07), H: 58.12 (+0.72), IHG: 40.35 (+1.17)
"Does Your Content Work?" By Content Evaluation Expert Colleen Jones Now On Amazon.com
PR Newswire - Wed Oct 29, 10:00AM CDT
"Does Your Content Work?", the critically acclaimed ebook by author, Content Science Principal, and ContentWRX Cofounder Colleen Jones, is now available on Amazon.com. Featuring a practical rationale and process for evaluating content, the ebook offers anecdotes from leading content evaluation practitioners at Cox Media, Dell, InterContinental Hotels Group, Sharecare, Facebook, PayPal, and more. These real-life examples illustrate ways of overcoming common content evaluation challenges and help companies immediately start evaluating.
IHG: 40.35 (+1.17)
IHG® Announces Opening Of The World's Tallest Holiday Inn® Hotel
PR Newswire - Wed Oct 29, 8:00AM CDT
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, and Crescent Hotels & Resorts today announced the opening of the new 492-room Holiday Inn® Manhattan-Financial District hotel located in the heart of New York City's downtown business center. Standing more than 453 feet tall, the hotel's guestrooms boast spectacular views of the Hudson River and One World Trade Center. The new-build hotel is owned by Golden Seahorse, LLC and managed by Crescent Hotels & Resorts.
IHG: 40.35 (+1.17)
IHG to Roll Out Green Engage Programme to Over 4,700 Hotels
M2 - Wed Oct 29, 6:54AM CDT
AsiaTravelTips revealed on Wednesday that from 1 January 2015, InterContinental Hotels Group's Green Engage programme will be rolled out across the company's global estate of over 4,700 hotels.
IHG: 40.35 (+1.17)
Starwood (HOT) Tops Q3 Earnings on Strong RevPAR Growth - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Oct 28, 1:20PM CDT
Leading hotelier Starwood Hotels & Resorts Worldwide Inc. (HOT) posted mixed third-quarter 2014 results.
CHH: 53.74 (+1.07), MAR: 77.02 (+0.46), IHG: 40.35 (+1.17), HOT: 77.88 (+1.09)
InterContinental® Hotels & Resorts Named North America's Leading Hotel Brand By The World Travel Awards
PR Newswire - Tue Oct 28, 10:00AM CDT
InterContinental Hotels & Resorts, the global luxury brand of parent company InterContinental Hotels Group (IHG), has been named as "North America's Leading Hotel Brand" for the first time by the World Travel Awards (WTA). The WTA is one of the most prestigious award programs in the travel industry, and it celebrates organizations within the tourism sector that are pushing the boundaries of industry excellence. The InterContinental brand earned this recognition for its adherence to superior standards of quality and service at its hotels in the United States and Canada.
IHG: 40.35 (+1.17)
Holiday Inn® Brand And HLN Collaborate On New Television Series Growing America: A Journey To Success
PR Newswire - Tue Oct 28, 9:09AM CDT
The iconic Holiday Inn® brand, part of InterContinental Hotels Group (IHG), and HLN (a Turner Broadcasting network), today announced the production of the six-episode original series, Growing America: A Journey to Success, premiering on Sunday, November 16th at 9:00 pm EST on HLN. Hosted by Ty Pennington, (known for Trading Spaces, Extreme Makeover: Home Edition, On The Menu), the documentary series follows teams of MBA students from the MBAs Across America (MBAxAmerica) program, who are given one week to use their expertise to transform businesses and positively affect communities in cities across the U.S.
IHG: 40.35 (+1.17)
IHG Makes Major Environmental Commitment By Rolling Out IHG Green Engage(TM) Programme Across Global Estate
PR Newswire - Mon Oct 27, 1:30PM CDT
InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has today announced that from 1st January 2015, its flagship IHG Green Engage(TM) programme will be rolled out across the company's global estate of over 4,700 hotels.
IHG: 40.35 (+1.17)
Crowne Plaza® Hotels & Resorts Unveils Next Generation Guest Room For The Modern Business Traveler
PR Newswire - Mon Oct 27, 11:30AM CDT
Crowne Plaza Hotels & Resorts, part of IHG® (InterContinental® Hotels Group), today unveils its next generation guest room - an innovative design developed with industry-leading influencers and experts to meet the changing needs of today's modern business traveler.
IHG: 40.35 (+1.17)
Investors Should Pay Attention To Ebola - It Is Getting Worse
Michael Blair - at Seeking Alpha - Mon Oct 27, 1:37AM CDT
AAL: 43.51 (-0.32), MAR: 77.02 (+0.46), H: 58.12 (+0.72), IHG: 40.35 (+1.17), UAL: 54.43 (-0.40)
IHG Signs Two Airport Hotels in Dubai
M2 - Thu Oct 23, 4:10AM CDT
InterContinental Hotels Group has signed a franchise agreement with Abjar Hotels International for a new 450-room Holiday Inn Dubai World Central and 250-room Staybridge Suites Dubai World Central.
IHG: 40.35 (+1.17)
Intercontinental Hotels Group issues management update
Seeking Alpha - at Seeking Alpha - Tue Oct 21, 7:07AM CDT
IHG: 40.35 (+1.17)
IHG and Grupo Presidente to Extend Successful Relationship
Business Wire - Thu Oct 16, 1:32PM CDT
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, together with Grupo Presidente, a Mexico-based hotel management and ownership company, today announced that they will strengthen their relationship through an extension of their current strategic agreement. Grupo Presidente plans to continue the extensive, ongoing renovations on a portion of its existing Presidente InterContinental hotels and resorts to ensure that they best serve guests' evolving needs. Furthermore, IHG and Grupo Presidente will partner to grow the portfolio of IHG-branded hotels in Mexico.
IHG: 40.35 (+1.17)
