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Stock Market & Financial Investment News

News Breaks
January 13, 2014
06:02 EDTIHGInterContinental Hotels downgraded to Underperform from Hold at Jefferies
Jefferies downgraded InterContinental Hotels to Underperform citing valuation and concerns about 2015 estimates with U.S. occupancy close to peak levels.
News For IHG From The Last 14 Days
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December 18, 2014
10:51 EDTIHGStarwood has $100M claim against Cuba, says Wells Fargo
Wells Fargo notes the Foreign Claim Settlement Commission certified in 2005 a claim for Starwood (HOT) against Cuba in the amount of $51.1M plus interest, implying a market value today of over $100M. Starwood has 500-plus acres of land around Havana that was seized in 2003. InterContinental (IHG) holds a certified $2.6M claim from 1959-1961, which equates to about $60M today, Wells adds. The firm does not expect the claims will be collected, but notes that if the embargo on Cuba is one day lifted, it's possible they could be traded for concessions or development entitlements.
December 16, 2014
07:13 EDTIHGInterContinental agrees to acquire Kimpton Hotels & Restaurants for $430M
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