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Chinese bidders circle IHG

Hotels
TTG Staff
30 November 2015

A number of Chinese suitors are thought to be eyeing up InterContinental Hotels Group.

InterContinental Hotels Group includes many well-known brands

Shanghai Jin Jiang International Hotels Group, the airlines owner HNA Group, and the sovereign wealth fund China Investment Corp were all interested in buying Starwood Hotels & Resorts Worldwide before Marriott swooped in.

The Sunday Telegraph has now reported that the three are likely to turn their attention to IHG, which city cources told the paper had been left vulnerable

IHG operates more than 4,900 properties in more than 100 countries.