The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

InterContinental shareholders to get further £500m from Britvic sale

03 March 2006

InterContinental Hotels Group has announced a further return to shareholders of £500m from the sale of its soft drinks brand Britvic and Felcor shares last December.

The British hotel group announced its operating profit was up by 42% from £134m to £190m in its full year results to 31 December 2005.

The group has seen room count rise by 3,300 up to 537,000 rooms and has signed 70,000 rooms up, a rise of 57% from 2004 taking the total of rooms in its pipeline to 108,500.

Revenue per available room grew across the 3,600-strong group by 9%, mainly driven by rate increases.

IHG's European portfolio is currently on the market for £600m. The company has already signed 11,000 rooms this year, including the two deals in China which will add 6,000 rooms.

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week -

Sudoku Join the craze and play Sudoku online!
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking