InterContinental Hotels Group PLC ADR (IHG)

IHG Hotels & Resorts has significantly expanded its presence in Japan by signing an agreement to convert 14 hotels in Kyoto, totaling 1,063 rooms, primarily to the Garner and Holiday Inn Express brands. This deal with GCP Hospitality is one of Japan's largest hotel portfolio conversion transactions and aims to accelerate Garner's growth while strengthening IHG's strategic presence in Kyoto. The partnership with GCP Hospitality will see them manage the properties, leveraging IHG's global network for distribution and marketing.

InterContinental Hotels Group PLC announced that on August 24, 2026, it purchased 99,663 of its ordinary shares through Goldman Sachs International on the London Stock Exchange. The company intends to cancel these purchased shares. Following this transaction, the total number of ordinary shares in issue (excluding treasury shares) is 179,484,196.

IHG Hotels & Resorts has signed a landmark deal to add 14 hotels in Kyoto, Japan, to its portfolio in partnership with GCP Hospitality. This agreement, totaling 1,063 rooms, includes 12 Garner hotels and one Holiday Inn Express, significantly expanding IHG's presence in Kyoto and marking one of Japan's largest hotel conversion deals. The move reinforces IHG's growth in the midscale segment in Japan, particularly for its Garner brand.

IHG Hotels & Resorts has signed an agreement to bring its voco brand to Karjat, Maharashtra, converting an existing property by early 2028. This move will add over 200 rooms and establish IHG's presence in Karjat, an emerging leisure and MICE destination due to its proximity to Mumbai and Pune. The voco Karjat will offer multiple dining options, a fitness center, spa, and pet-friendly amenities, catering to the growing demand for premium getaways in the region.

IHG Hotels & Resorts has signed a deal with GCP Hospitality to add 14 hotels in Kyoto, totaling 1,063 rooms, to its Japanese portfolio. The agreement will see 12 properties join the Garner brand, one under Holiday Inn Express, and one remain unbranded, all undergoing refurbishment and phased reopening within the next year. This expansion significantly boosts IHG's presence in Japan, particularly for its Garner and Holiday Inn Express brands.