IHG’s Race to Avoid Defaulting on More Than 100 Hotels: What’s the Fallout?

Prayitno  / Flickr

IHG is in default and risks a franchise agreement termination at 103 hotels, including the InterContinental San Juan (pictured). Prayitno / Flickr

Skift Take: IHG could become the first major victim of a coronavirus-related financial drag on hotels in North America, but its default may be a strategic play on a financial structure unusual for such a global brand.

— Cameron Sperance

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