<== IHG / Holiday Inn ==>

Holiday Inn and IHG

Holiday Inn is a subsidiary of the British Hotel giant InterContinental Hotels Group (NYSE: IHG) which owns premium hotel brands including Intercontinental Hotels, Crowne Plaza, Holiday Inn, Holiday Inn Express, Candlewood Suites, Hotel Indigo and Candlewood Suites.

InterContinental Hotels was started by Juan Trippe (founder of Pan American Airways) in 1946. The company was acquired by the UK business GrandMet in 1981. After acquiring BurgerKing, GrandMet sold Intercontinental Hotels to the Saison Group of Japan in 1988. Saison sold IHC to Bass in 1998.

Holiday Inn History

The Holiday Inn brand traces its history to 1952 when Kemmons Wilson, who was disappointed with the quality of lodging on his travels, built four motels on the main routes into Memphis.

The company began franchising motels in 1957 and quickly expanded. The 1000th franchise opened in 1968.

In the 1980s, Holiday Inn Corporation owned a confusing assortment of brands as they acquired companies such as Harrah's and created brands to differentiate hotels. Brands include Holiday Inn Crowne Plaza, Embassy Suites, Homewood Suites, Hampton Inn, etc.

In 1988, Holiday Inn was purchased by the British Investment Firm that owned the Bass Beer (est. 1777). Bass sold off many of the brands into Promus Companies Incorporated. Promus later merged with Doubletree Hotels which was acquired by Hilton.

Bass developed Crowne Plaza as a chain of luxury hotels and introduced Holiday Inn Exprees. Bass acquired IntercontinentalHotels in 1998.

In 2000, Bass sold the Bass Brewery holdings to the Belgium firm Interbrew and changed its name to Six Continents. The company changed its name again to InterContinental Hotels Group when it spun off its remaining remaining restaurant holdings in 2003.

Current Company

Wikipedia reports that IHG now represents over 5000 hotels with over 742,000 rooms in over 100 countries. Most of the hotels are privately owned with a franchise arrangement with IHG.

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