Intercontinental hotels Plc

Latest news: yesterday's share price rose to 2967p on takeover rumours. Unfounded as usual but the background to this is the announcement that Starwood-Sheraton/Westin is looking for a merger/buyer as its business has problems with revenue down 3% this year compared with a 10% increase at Hilton. This shows how consistently well IHG continues to do as I expect we will have confirmed at its forthcoming AGM.
Interestingly I spend over £10,000 p.a. with Starwoods and never hear from them, whereas I spend little with Hilton yet I get an offer almost every week from them.
IHG price is back to 2820p today and our view that this is a great investment is unchanged