Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Look like some fairly decent results today - http://www.risersandfallers.com/2016/02/23/intercontinental-hotels-group-plc-profits-rise-ups-dividend/
The Telegraph's share tips for 2016 2:44PM GMT 26 Dec 2015 http://www.telegraph.co.uk/finance/markets/12069867/The-Telegraphs-share-tips-for-2016.html Against a backdrop of plummeting oil prices, the prospect of higher interest rates and the uncertainty that a Brexit vote brings, our experts pick out the companies best positioned to weather the storm and deliver a winning return for investors in the year ahead
Top IHG investor calls on Holiday Inn owner to stay independent Telegraph.co.uk‎ A top investor in InterContinental Hotels (IHG) has called on the Holiday Inn owner to resist ...
Chinese buyers running rule over FTSE 100 hotels group IHG, according to weekend reports By RUTH SUNDERLAND FOR THE DAILY MAIL PUBLISHED: 21:50, 29 November 2015 The sovereign wealth fund, China Investment Corp, along with Shanghai Jin Jiang International Hotels Group and airline owner HNA Group are cited as possible suitors.
Hotel giant to grab Raffles: The InterContinental Hotels Group (IHG) is closing in on a £1.9 billion deal to buy Fairmont, the Canadian giant that owns Singapore’s Raffles hotel.
Apollo Global wins £1 billion hotel auction: Apollo Global Management has been selected as preferred bidder for a £1 billion hotel asset portfolio that includes the 906-room Holiday Inn Kensington Forum and the Holiday Inn Heathrow
Hotel giant plots deal spree after U.S. raid flops: Intercontinental Hotels Group is weighing bids for rivals Fairmont and Mövenpick after ruling itself out of a multibillion-pound merger with America’s Starwood last week
IHG and Starwood have held early deal talks: InterContinental Hotels Group has held early stage talks with Starwood Hotels & Resorts over a union to create the world’s largest hotel group, said two people familiar with the discussions.
Owning hotels is an unnecessary luxury for remodelled IHG: A leading hotel group that includes the Holiday Inn chain completed a 12-year journey from asset-heavy to asset-light by announcing the sale of its luxury InterContinental Hong Kong to a local investment consortium for $938 million.
Intercontinental Hotels has sold its five-star Hong Kong hotel for US$938m cash to a consortium of investors, but will retain a 37-year management contract on the building, with three 10-year extension rights. The sale of the 503-room hotel on the Kowloon waterfront, which has three Michelin-starred restaurants and a wide range of state-of-the-art meeting and banqueting facilities, "highlights the enduring appeal of InterContinental as one of the world's leading luxury hotel brands", said chief executive Richard Solomons.
U.K. hotel stay costs £76 more than in Europe: The cost of staying in a hotel in the U.K. for business travellers is £76 more expensive than in Europe, as the weakening euro makes a visit to the continent more appealing, a new study of released yesterday shows.
Reubens check in: Two billionaire brothers have taken control of the Grosvenor House in London and two other luxury hotels in New York through an $850 million (£550 million) debt deal.
Cheng family strikes $2.4 billion HK hotel deal with Abu Dhabi: Hong Kong’s Cheng family has teamed up with Abu Dhabi in a joint venture that values three of the territory’s prime hotels at $2.4 billion
Qatar buys Claridge's from Barclay brothers Deal ends four years of litigation over control of group including The Berkeley and Connaught
- Shares in Intercontinental Hotel Group turned positive in late trade on Friday, with traders citing market chatter that the hotel firm could be subject to a bid from a U.S. firm. The hotelier spiked as much as 1.1 percent higher, before closing up 0.2 percent at 2,722p, well off its session low at 2,684.5p. The company traded twice its 90-day average volume. InterContinental Hotel Group declined to comment on the speculation. (Reporting by Alistair Smout; Editing by Lionel Laurent)
Hyatt Hotels eyeing up purchase of luxury Grosvenor House Hotel: Hyatt Hotels is considering purchasing the Grosvenor House Hotel in London, after the landmark building was put up for sale earlier this month.
Bumper year in prospect but search for yield gets trickier * Focus on budget sector and buzzy lifestyle hotels * Report predicts $68 bln in hotel real estate deals in 2015 By Victoria Bryan BERLIN, March 8 (Reuters) - Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and 'buzz'. In a sector enjoying the benefits of economic recovery and growing traveller numbers, yields are attractive compared to alternative real estate like office, industrial or retail. "It's not about people loving hotels, it's about investors searching for a return on their money which they can't get these days on government bonds," said Nick Skea-Strachan of law firm BLP at this month's IHIF hotels conference in Berlin. But investors say there are signs of overheating in some areas, making it more challenging to hit target returns that are typically around 6.5 to 7.5 percent. That is forcing them to seek out niches and jump on new trends like lifestyle hotels, serving a generation of travellers looking for a hip place to hang out, not just somewhere to sleep. Typically featuring smaller rooms, local-themed design and buzzy lounges, lifestyle covers both luxury and budget classes and includes hotels such as Starwood's W, IHG's Indigo , Citizen M, and Moxy. Hilton, Best Western and Germany's Steigenberger are among those recently announcing new brands in this space. Examples of the genre include the privately owned 25 Hours Hotel in Berlin, where visitors flock to a 10th floor bar and restaurant that overlook the neighbouring zoo. Liran Wizman, a developer and owner who is opening two W hotels in Amsterdam this year that will be managed by Starwood, told Reuters he had shifted his focus in the past couple of years from mid-scale hotels to lifestyle, which now makes up half his portfolio.
Grosvenor House Hotel on the market: London landmark the Grosvenor House Hotel has been put up for sale after its Owner, Sahara Grosvenor House Hospitality, was put into administration.
London’s hotels to benefit from 20 year high for occupancy rate: London’s hotels are set for a record 2015 with occupancy rates expected to reach a 20 year high, according a new report published
Sports attractions fuel capital’s hotel boom: London is in the midst of a hotel boom as a growing economy and events such as this year’s rugby World Cup push occupancy rates to their highest levels for 20 years.
Abu Dhabi books its £1.6 billion suite at Claridge’s: One of the largest sovereign wealth funds in the world has made a “knockout” bid for the company that owns Claridge’s, the Berkeley and the Connaught hotels in London.
Intercontinental Hotels Group managed to narrowly beat analysts' forecasts with a smaller-than-expected decline in annual profits, as it predicted a "continued strong performance" in 2015. The Crowne Plaza and Holiday Inn operator said reported operating profit for 2014 totalled $651m, down 3% on the $668m reported the year before but slightly ahead of the consensus estimate of $646m.
LONDON (Alliance News) - Intercontinental Hotels Group PLC on Tuesday said it has struck a deal to buy boutique hotel operator Kimpton Hotels & Restaurants for USD430 million in cash. Kimpton manages 62 hotels in the US, with a further 16 in the pipeline. It also operates 71 hotel-based restaurants and bars, IHG said. IHG said it will focus on accelerating the growth of the Kimpton brand in the US and internationally and said Kimpton's earnings before income, taxation, depreciation and amortisation is expected to double by the end of 2017. Kimpton's EBITDA for the year to the end of December 2014 is expected to be around USD20 million, with expectations for this to rise to USD39 million by the end of 2017, it said.
That area is not great in terms of luxury hotel from a business prospect. Intercontinental london Westminister right next door (left the chain for Hilton now) was not really selling rooms aggressively @ £300-400 as the big brother hotel Park Lane does. All IMO.
Malmaison front runner to buy £10,000 a night London hotel: The Malmaison hotel group has emerged as the front runner to buy the original Scotland Yard headquarters, which is being transformed into a £10,000-a-night luxury hotel.