Holiday inn-owner IHG suspends investments in Russia
10:27 am Thursday, March 10th, 2022
(Reuters) – Holiday inn-owner IHG said on Thursday it was suspending future investments, development activity and new hotel openings and will close its Moscow office following Russia’s invasion of Ukraine.
The London-listed company said it was also working with its franchisees in countries neighbouring Ukraine to offer refugees temporary accommodation.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Krishna Chandra Eluri)
