IHG gets damages for loss of Holiday Inns

InterContinental Hotels Group (IHG) is to receive 31m dollars in damages from FelCor Lodging Trust, which is removing eight of its hotels from the chain's control.

InterContinental Hotels Group (IHG) is to receive 31m dollars in damages from FelCor Lodging Trust, which is removing eight of its hotels from the chain's control.

The real estate investment trust has agreed that the properties owned by FelCor and currently branded as Holiday Inn hotels will leave IHG's portfolio on March 1st this year.

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