IHG Inns & Resorts declared Monday in a assertion it is ceasing all operations in Russia, “consistent with evolving U.K., U.S. and EU sanction regimes and the ongoing and escalating difficulties of functioning there.”
IHG’s process of reviewing its business in Russia commenced just just after the outbreak of the war, when it announced the suspension of future investments, advancement activity and new openings. It also closed its corporate office in Moscow. Numerous Western lodge firms at the time created identical moves.
On April 8, the enterprise shared it was in discussions with the entrepreneurs of its 28 IHG-branded lodges in Russia “regarding the advanced, very long-term management and franchise contracts underneath which these motels function,” according to the statement.
The InterContinental Moscow – Tverskaya opened in 2011 and is the company’s greatest-profile branded lodge in the state. Crowne Plaza and Getaway Inn accommodations are common throughout the place, and a Staybridge Suites and a Hotel Indigo round out the company’s portfolio there.
On June 3, Marriott introduced it would suspend all operations in Russia, also citing U.K., U.S. and European Union constraints.
Return to the Lodge Information Now homepage.