Deals
InterContinental Hotels Said to Explore Deal After Interest
- Company discussing options including sale, merger, purchases
- England-based provider of hotel lodging worth $9.9 billion
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Holiday Inn owner InterContinental Hotels Group Plc is exploring strategic options including a potential sale or merger after attracting interest amid a boom in lodging deals, according to people with knowledge of the matter.
The Denham, England-based company, which has a market value of about 6.5 billion pounds ($9.9 billion), is discussing with financial advisers whether to sell itself or combine with a competitor as the sector consolidates, the people said, asking not to be named because the talks are private. No final decision has been made and the company may choose to stay independent and could focus on making acquisitions of its own, the people said.