InterContinental Hotels Stock Price, News & Analysis

IHG Hotels & Resorts has launched its first Vignette Collection hotel in the Americas, named Yours Truly DC, located in Washington, D.C., as of February 14, 2023. This boutique hotel, featuring 355 rooms, aims to deliver a unique experience by combining luxury with local culture. Designed by Simeone Deary Design Group, it offers distinctive amenities including an in-house record shop, a South American-inspired restaurant, and a focus on community partnerships with local businesses. This debut marks a significant milestone in IHG's expansion plans with over 100 properties projected to join the Vignette Collection over the next decade.

Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts, announced the 2023 lineup for its Kimpton Off the Record concert series, featuring immersive live performances to foster community connections. Kicking off on February 23, the series includes five concerts across cities like Phoenix and New Orleans, showcasing diverse artists. Proceeds from ticket sales will benefit nonprofit partners, including the National Urban League. The concerts aim to celebrate cultural moments while enhancing guest experiences in new restaurant and event spaces. Additional performances in Charlottesville and Grand Cayman are planned for later in the year.

InterContinental Hotels Group PLC announced the purchase of 11,976 ordinary shares at an average price of £56.3491 on January 30, 2023, through Goldman Sachs International. This transaction was authorized by shareholders at the AGM on May 6, 2022. The shares will be canceled post-purchase, reducing the total number of ordinary shares in circulation to 175,399,858, excluding treasury shares. The highest price paid was £56.5800, and the lowest was £56.0400. This share buyback reflects the company's commitment to returning capital to shareholders.

On January 26, 2023, InterContinental Hotels Group purchased 9,437 of its ordinary shares at prices ranging from £56.42 to £57.06 through Goldman Sachs International. The average price paid per share was £56.7846. This share buyback aligns with the authority granted by shareholders at the Annual General Meeting on May 6, 2022. Following this transaction, the Company has 175,421,334 ordinary shares outstanding, excluding treasury shares. The purchased shares will be canceled to reduce the overall share count, reflecting the Company's strategy to enhance shareholder value.

InterContinental Hotels Group PLC announced the purchase of 9,500 ordinary shares on January 25, 2023, through Goldman Sachs International on the London Stock Exchange. The purchase, conducted under the authority granted by shareholders at the AGM on May 6, 2022, had an average price of £56.5963, with a low of £56.3000 and a high of £57.0600. Following this transaction, the total number of ordinary shares in issue stands at 175,430,771, excluding 7,506,782 held in treasury. The purchased shares are intended for cancellation.

On January 23, 2023, InterContinental Hotels Group acquired 8,984 of its ordinary shares at an average price of £56.3650 through Goldman Sachs International, as authorized by shareholders at the Annual General Meeting on May 6, 2022. The share purchase followed prior instructions issued on August 9, 2022. The lowest price paid per share was £56.1400, while the highest reached £56.6000. Subsequently, the company plans to cancel these purchased shares, leaving a total of 175,449,181 ordinary shares in circulation.

On January 19, 2023, InterContinental Hotels Group announced the purchase of 7,469 ordinary shares at an average price of £55.9502 each on January 18, 2023, as authorized by shareholders during the Annual General Meeting on May 6, 2022. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this purchase, the total number of ordinary shares outstanding is 175,465,665, excluding 7,506,782 shares held in treasury. The company plans to cancel the shares purchased in this transaction.