IHG
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IHG’s strong results prompt $750m share buyback
Revpar is “back close to 2019 levels” as profit rises by 55%
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IHG delays hotel renovations as it forecasts RevPAR deline of 60%
The hotelier is aiming to reduce its gross capital expenditure by $100m from 2019 levels
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Marathon to sell £500m UK hotels portfolio
Marathon Asset Management’s UK arm is selling a portfolio of 17 IHG and Hilton-branded hotels