Business
Britain’s Grand Metropolitan PLC may sell off its Inter-Continental Hotels Corp. to expand into other areas and boost earnings.
Aug. 9, 1988
A giant Tokyo conglomerate Friday agreed to buy the worldwide Inter-Continental Hotel group for $2.27 billion, transferring ownership of some of the world’s most famous luxury hotels from the British to the Japanese.
Oct. 1, 1988
Acquisition: Separating casino operations from hotels could command a higher value from investors.
March 19, 1998
Grand Metropolitan PLC, based in London, on Monday rejected a nearly $900-million offer by Trafalgar Holdings for its Inter-Continental hotel chain and other hotel operations.
June 17, 1986
Travel & Experiences
Business * Like banks and insurance companies, hospitality firms have been consolidating. Today only a handful of major players remain.
Oct. 10, 1999
Pepsico Inc. said Wednesday that it agreed to buy Grand Metropolitan Inc.’
June 23, 1988
Expedia Group Inc. is under investigation by the Utah attorney general for allegedly conspiring with the biggest U.S. hotel chains to suppress competition in online travel booking.
May 9, 2019
Major lodging companies’ phone numbers and websites are listed below.
Jan. 17, 2014
Hotel and liquor group Grand Metropolitan PLC has made a counter-bid against Canadian rival Seagram Co.
Dec. 31, 1987
The Hotel Inter-continental announced the following appointments: Stephen Buckler, director of marketing; Larry Rieker, director of sales; Claudia Wehrman, director of group sales.
Jan. 8, 1986