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Company Description

Contact Info

Broadwater Park

Denham, UB9 5HR

United Kingdom

Phone: 44 1895 512 000

Fax: 44 1895 512 101

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels. The company primarily franchises its brands to, and manages hotels on behalf of, third-party owners. In 2015, the company acquired Kimpton Hotels & Restaurants, an independent boutique hotel operator. The company operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Holiday Inn, Holiday Inn Express, Staybridge Suites, Crowne Plaza, Holiday Inn Club Vacations, Holiday Inn Resort, and Candlewood Suites brand name. The company also manages IHG Rewards Club, a hotel loyalty program. The company operates in approximately 100 countries and territories. Its markets include the U.S., the Middle East, Germany, the U.K., Canada, Greater China, India, Russia and the Commonwealth of Independent States, Mexico and Indonesia. Significant Events In March 2016, InterContinental Hotels Group announced the opening of the newly-renovated 113-room Holiday Inn Express(R) & Suites Halifax-Bedford hotel in Halifax, Nova Scotia, Canada. This hotel joins the Holiday Inn(R) Halifax Harbourview and Holiday Inn Express & Suites Halifax Airport hotels already nearby. In April 2016, InterContinental Hotels Group (IHG) has expanded its Holiday Inn Express brand portfolio in India with the opening of two new Holiday Inn Express properties; Holiday Inn Express Chennai - Old Mahabalipuram Road and Holiday Inn Express New Delhi - International Airport Terminal 3. Located on Old Mahabalipuram Road, the 136-room Holiday Inn Express Chennai Old Mahabalipuram Road ideal for business and leisure travellers visiting Chennai. In April 2016, InterContinental Hotels Group PLC in partnership with Pro-invest Group, has announced the opening of Holiday Inn Express Sydney Macquarie Park in Australia. Holiday Inn Express Sydney Macquarie Park is the first of 15 Holiday Inn Express hotels to be developed in partnership with Pro-invest under a multiple franchise agreement. In May 2016, InterContinental Hotels Group announced its arrival in Barranquilla, Colombia, with the opening of the newly built 18-floor, 154-room Holiday Inn Express Barranquilla Buenavista hotel. In June 2016, InterContinental Hotels Group announced the opening of its newly-renovated, InterContinental New York Barclay. In June 2016, InterContinental Hotels Group (IHG) and Alkoer announce a joint venture to develop two Staybridge Suites hotels in the cities of Irapuato and Silao, both in the state of Guanajuato. In August 2016, InterContinental Hotels Group announced the opening of the EVEN Hotels brand's fourth hotel and second New York City location, the 202-room EVEN Hotels Brooklyn. In September 2016, InterContinental Hotels Group announced opening of Hotel Indigo in Krakow. History InterContinental Hotels Group PLC was founded in 1967. The company was incorporated and registered in England and Wales in 2004 as a limited company under the Companies Act 1985.

 

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Industry Average

Valuation IHG Industry Range
Price/Earnings 8.2x
Price/Sales 5.4x
Price/Book NM Not Meaningful
Price/Cash Flow 7.0x
TEV/Sales 4.6x
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