Report : InterContinental Hotels Explores Strategic Options Incl. Possible Sale

(RTTNews) - InterContinental Hotels Group PLC (IHG.L, IHG) is exploring strategic options including a potential sale or merger after attracting interest amid a boom in lodging deals, Bloomberg reported citing people familiar with the matter.

The world's largest provider of hotel accommodation, which has a market value of about 6.4 billion pounds, is discussing with financial advisers whether to sell itself or combine with a competitor as the sector consolidates. No final decision has been made and the company may choose to stay independent and could focus on making acquisitions of its own, the report said.

InterContinental is currently trading in London at 2,734 pence, up 122.00 pence or 4.67%.