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InterContinental Hotels Still in the Market for Small Acquisitions

Patrick Whyte

Photo Credit: The InterContinental Melbourne. Parent company IHG saw revPAR growth of 1 percent in the third quarter IHG

Skift Take

Never say never but it doesn't sound like IHG is in serious shopping mode.

Aside from buying Kimpton Hotels and Restaurants in 2014, InterContinental Hotels Group (IHG) hasn't been one of the industry's most aggressive dealmakers. This year, though, it did splash a little bit of cash with the $39 million deal for Regent Hotels. And more may be coming. Maybe. "There are still some small opportunities out in the industry, but there's not very many, and we're not in the business of warchesting (money for deals)," said chief

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