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Holiday inn-owner IHG suspends investments in Russia

Published 03/10/2022, 09:27 AM
Updated 03/10/2022, 09:31 AM
© Reuters. FILE PHOTO: A Holiday Inn hotel is seen in Tbilisi, Georgia, June 8, 2016. REUTERS/David Mdzinarishvili

© Reuters. FILE PHOTO: A Holiday Inn hotel is seen in Tbilisi, Georgia, June 8, 2016. REUTERS/David Mdzinarishvili

(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.

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