InterContinental Hotels improving on hotel sales and rate outlook

Skift Take

The chain's stock is rising based on hopes of getting details next week about the sale of assets such as the InterContinental New York Barclay in 2013.

InterContinental Hotels is on the rise on hopes of more details of its disposal programme, which could lead to cash returns to shareholders. Ahead of the group's full year figures next Tuesday, Liberum Capital issued a buy note, based on recent upbeat comments from US rivals and the prospects of hotel sales. Analyst Patrick Coffey said: InterContinental

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