Blackstone’s agreed $26bn (£13bn) purchase of Hilton Hotels Corporation at a 32% premium to its share price yesterday turned the spotlight on the hotels sector as analysts speculated on the prospect for further takeover activity. The Times. The Independent. The Guardian. Financial Times
InterContinental owns only 24 of its 3,734 hotels, which include Crowne Plaza and Holiday Inn brands, whereas Whitbread, which owns the Premier Travel Inn chain, still owns its hotels.