InterContinental Hotels Group

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Public Limited Company
Traded as LSE: IHG
NYSE: IHG
Industry Conglomerate (Hotels)
Founded 2003 April 15 (origins trace back to 1777)
Headquarters Denham, Buckinghamshire, United Kingdom
Key people
 Patrick Cescau (Chairman)
Richard Solomons (CEO)
Services Hospitality
Revenue $1,858 million (2014)[1]
$651 million (2014)[1]
$392 million (2014)[1]
Number of employees
 7,797 (2014)[2]
Divisions Candlewood Suites
Crowne Plaza
Even Hotels
Holiday Inn
Holiday Inn Express
Hotel Indigo
IHG Army Hotels
InterContinental
Staybridge Suites
Website www.ihgplc.com

InterContinental Hotels Group PLC informally InterContinental Hotels or IHG is a British multinational hotels company headquartered in Denham, UK.[3] IHG has over 710,000 rooms and 4,800 hotels across nearly 100 countries.[4] Its brands include Candlewood Suites, Crowne Plaza, Even, Holiday Inn, Holiday Inn Express, Hotel Indigo, Hualuxe, InterContinental and Staybridge Suites.[5] Of the 4,602 hotels, 3,934 operate under franchise agreements, 658 are managed by the company but separately owned, and 10 are directly owned.[6]

History

Bass Hotels

The origins of InterContinental Hotels Group can be traced back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1876, its red triangle trademark was the first registered in the United Kingdom.[7]

In 1989, the British Government limited the number of pubs which brewers could directly own, resulting in Bass investing in the expansion of its small line of hotels. In 1990, it purchased Holiday Inn International from Kemmons Wilson and expanded into North America.[7]

InterContinental

Pan American Airways founder Juan Trippe established the InterContinental brand as a division of PanAm and opened the first hotel in Belém, Brazil in 1946. In 1979, holding company InterContinental Hotels Corporation (IHC) was sold to UK-based company Grand Metropolitan. As GrandMet focused its core business and expanded into fast food through the purchase of Burger King, it sold IHC to Japanese-based Saison Group in 1988.[7]

In March 1998, Saison Group sold IHC to British brewery Bass, which traces its roots back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1988, in reaction to the British government limiting the number of pubs which brewers could directly own, Bass invested in the expansion of its small line of hotels. In 2000, Bass sold its brewing assets (and the rights to the Bass name) to the major Belgian brewer Interbrew for £2.3 billion and changed its name to Six Continents.[7]

In 2003, the independent corporation InterContinental Hotels Group (IHG) was created after Six Continents split into two companies: Mitchells & Butlers took control of the restaurant assets[8] and IHG focusing on hotels and soft drinks.[7] IHG retained Britvic, the soft drinks division, until December 2005 when it sold its interest in the company by an initial public offering.[9] In April/May 2014 the company reportedly rejected a $10 billion takeover bid from an unknown suitor, believed to be Starwood.[10]

Operations

The company worldwide headquarters and Europe offices are in Denham, Buckinghamshire in England.[11][12] The Americas office is in Dunwoody, Georgia in Greater Atlanta.[11][13] The Asia, Middle East, and Africa offices are in Singapore. The Greater China offices are in Pudong, Shanghai.[11]

A 4-star upmarket Holiday Inn in Belfast City Centre
File:Hotel Indigo CIMG8676.JPG
An Uptown Houston Hotel Indigo
File:1631-BOS-Intercontinental Hotel.JPG
InterContinental Boston

In 2006, IHG and Lend Lease Group (Lend Lease US Public Partnerships), joined forces in the Privatization of Army Lodging program to deliver quality hotel experiences to Soldiers and their Families and all official guests of the United States Army.[14] IHG Army Hotels is a division of IHG that manages on-post hotels and lodgings in 39 different locations in the U.S., including Puerto Rico.[15]

Criticism

The InterContinental Hotels Group became the target of an international boycott campaign in May 2013 over their plan to operate an Intercontinental-brand luxury hotel in Lhasa, Tibet. According to campaigners from the Free Tibet campaign, the hotel was a "PR coup for the Chinese government". "[16]

Brands

In February 2012, IHG announced plans for a new wellbeing based concept called Even Hotels[21] and in March 2012, a new luxury concept called "Hualuxe" to be rolled out initially in China.[22]

16 December 2014, IHG announced it would acquire Kimpton Hotels & Restaurants for $430 million in cash. IHG plans to retain the Kimpton brand within the U.S. and expand it globally. The combined IHG-Kimpton portfolio will create the world's largest boutique hotel business.[23][24]

Notable properties

The Crowne Plaza Liverpool John Lennon Airport is the former terminal building of Liverpool Speke Airport, constructed in the 1930s and used until 1986. Its notable art deco features led to its listing as a heritage building, and subsequent adaption as a hotel.[25] The hotel in the Wilshire Grand Tower, under construction in downtown Los Angeles, will be the largest InterContinental in the Americas in the tallest building in Los Angeles.[26]

References

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External links

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  16. ↑ The Guardian 24 May 2013 Tibetan activists launch boycott of InterContinental over hotel plans accessed 15 July 2013
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  26. ↑ Vincent, Roger (23 September 2014) "Hotel under construction in downtown L.A. will be an InterContinental" Los Angeles Times
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