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!
Paul Johnson is Editor of A Luxury Travel Blog and has worked in the travel industry for more than 30 years. He is Winner of the Innovations in Travel ‘Best Travel Influencer’ Award from WIRED magazine. In addition to other awards, the blog has also been voted “one of the world’s best travel blogs” and “best for luxury” by The Daily Telegraph.
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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.
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.