InterContinental Hotels Group denies sale speculation

InterContinental Hotels Group denies sale speculation

InterContinental Hotels Group today dismissed speculation that it is considering a sale of the company.

The hotel giant runs almost 5,000 hotels worldwide under brands including Holiday Inn and Crowne Plaza.

Reports circulated on Friday suggesting the company was exploring strategic options.

But IHG today issued a statement to the London Stock Exchange denying the claims.

“Following recent market speculation, the board of directors of IHG states that it is not considering a potential sale or merger of the company,” IHG said in a terse statement.

IHG denied in July that it was in deal talks with rival Starwood Hotels & Resorts.

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