InterContinental Hotels (IHG) share price
I took my first serious foray into the stock market in early October and decided to invest in InterContinental Hotels (IHG). In those few months they’ve enjoyed a healthy growth of 39% and, renewed speculation about a takeover by Starwood Hotels & Resorts Worldwide, could push the share price still higher. Naturally, I shall be following further developments with interest!
Correction: it’s Starwood Capital Group (a different company to Starwood Hotels & Resorts) that’s said to be interested. Developments today have revealed that the Barclay brothers (owners of the The Ritz in London and The Telegraph) have acquired a 5% stake in IHG and could be looking to get a consortium together to make a takeover bid. This has pushed the share price up still further.