IHG signs deal with ALAND to launch Staybridge Suites in Australia
The partnership establishes a portfolio of at least 15 hotels and 2,000 rooms, with the first two locations in Greater Western Sydney.
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Global hospitality group
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In short: IHG reported a 10% rise in half-year operating profit and executed extensive share buybacks while expanding its global hotel footprint.
The partnership establishes a portfolio of at least 15 hotels and 2,000 rooms, with the first two locations in Greater Western Sydney.
The partnership with Alphanam Group will deliver 79 branded villas in Sapa featuring hotel amenities and EDGE sustainable building certification.
Executed via Goldman Sachs on the London Stock Exchange, the transaction lowers the outstanding share count to one hundred forty-eight million following planned cancellations.
The agreement converts twelve Garner and one Holiday Inn Express property across Kyoto alongside partner GCP Hospitality over the coming year.
IHG and ALAND will launch Staybridge Suites in Australia with at least 15 hotels and 2,000 rooms, starting with Parramatta and Leppington.
Detailed price information for Intercontinental Hotels Group ADR (IHG-N) from The Globe and Mail including charting and trades.
Zacks Research raised Intercontinental Hotels Group from a "strong sell" rating to a "hold" rating in a report on Wednesday.
InterContinental Hotels Group (IHG), the hotel powerhouse behind Holiday Inn and InterContinental, reported higher first-half revenue Tuesday, but the...
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