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Stock Market & Financial Investment News

News Breaks
August 5, 2014
05:43 EDTIHGInterContinental reports 1H adjusted EPS 70.7c vs. 78.2c last year
Reports 1H revenue $908M vs. $936M last year. Reports global comparable RevPAR growth of 5.8%, with Americas 6.7% and Europe 4.9%. Q2 comparable RevPAR rose 5.7%.
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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