Iberostar Hotels & Resorts Joins IHG Portfolio
InterContinental Hotels Group and Iberostar Hotels & Resorts announce today a long‑term commercial agreement for resort and all-inclusive hotels.
Source: ftnnews.com
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IHG And Iberostar Sign Strategic Alliance
InterContinental Hotels Group PLC (IHG or the Company) and Iberostar Hotels & Resorts (Iberostar) announce today a long‑term commercial agreement for resort and all-inclusive hotels. Iberostar is a family-run business based in Palma de Mallorca, Spain, with more than 65 years’ experience in the hospitality industry, an excellent reputation for operating resorts in outstanding locations, and a strong commitment to quality and sustainability. Through this strategic alliance, Iberostar will retain 100% ownership, preserving its autonomy and values. Up to 70 hotels (24.3k rooms) will be ad...
Source: hospitalitynet.org
U.S. Supreme Court Bankruptcy Roundup - Insolvency/Bankruptcy/Re-structuring
This Term, the U.S. Supreme Court accepted certiorari in Siegel v. Fitzgerald (In re Circuit City Stores, Inc.), 996 F.3d 156 (4th Cir. 2021), cert. granted, No. 21-441 (U.S. Jan. 10, 2022),...
Source: mondaq.com
Investegate |Interco. Hotels Grp Announcements | Interco. Hotels Grp: Final Results
Investegate announcements from Interco. Hotels Grp, Final Results
Source: investegate.co.uk
IHG's Preliminary Results for the Year to 31 December 2021
Keith Barr, Chief Executive Officer, IHG Hotels & Resorts, said: “Trading improved significantly in 2021, with RevPAR getting closer to pre-pandemic levels as the year went on, profitability and cash flow rebounding strongly, and signings accelerating in Q4.
Source: hospitalitynet.org