Chinese investors size up InterContinental Hotels

29th Nov 2015 10:50

(ShareCast News) - InterContinental Hotels Group is reportedly being eyed up by a number of Chinese firms following the sale of Starwood Hotels & Resorts to Marriott earlier this month.The hotel chain is thought to be a new target for a trio of Chinese investors that had shown interest in Starwood, sources told the Sunday Telegraph.No approaches have yet been made.FTSE 100-listed InterContinental operates close to 730,000 rooms from more than 4,900 hotels in nearly 100 countries.The group, who chains include the Holiday Inn, is valued at approximately £5.8bn.