IHG Hotels & Resorts has partnered with Nikhil K. Raheja and Vijayta Raheja to expand its portfolio in Mumbai. The partnership will see the launch of a new five-star brand, voco, and a Holiday Inn Express & Suites property in the city. IHG has signed a management agreement with Saryu Properties & Hotels to convert two hotels in Mumbai into voco Mumbai Powai Hotel & Convention Centre and Holiday Inn Express & Suites - Mumbai Powai.
Jarislowsky Fraser Ltd cut its holdings in InterContinental Hotels Group PLC (NYSE:IHG – Free Report) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,173 shares of the company’s stock after selling 323 shares during the period. Jarislowsky Fraser Ltd’s […]
Carol Hoeller, vice president global brand management for Hotel Indigo, explains why now is the right time for IHG to expand this important luxury and lifestyle segment.
Shares of InterContinental Hotels Group PLC (LON:IHG – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 6,104 ($77.09) and last traded at GBX 6,100 ($77.04), with a volume of 47445 shares trading hands. The stock had previously closed at GBX 6,066 ($76.61). […]