InterContinental Hotels Group Plc (IHG,IHG.L) Tuesday said it will receive $31 million in significant liquidated damages, in the first quarter, from FelCor Lodging Trust.
IHG and FelCor had agreed that eight properties owned by FelCor, currently branded as Holiday Inn hotels, will leave IHG's system on March 1.
These eight hotels generated $8.5m of fees for IHG in 2011, around 1 percent of total Americas fee revenue, and represent less than 1 percent of all rooms branded as Holiday Inn or Holiday Inn Express in the region.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.