A Triad skyscraper sold for $30.25 million in a deal that closed Monday, according to Forsyth County records. PMC Property Group of Philadelphia bought the 18-floor Nissen Building Apartments at 310 W.

Image source: The Motley Fool. Intercontinental Hotels Group plc (NYSE: IHG)Q1 2020 Earnings CallMay 7, 2020, 3:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, welcome to the InterContinental Hotels Group's First Quarter Trading Update to the 31st of March, 2020.

European stocks rose on Monday, as investors positioned for more central bank buying and announcements of economies reopening.

InterContinental Hotels Group on Monday said occupancy levels at open hotels are currently in the low to mid 20% range. While only 12 of its 470 hotels in Greater China are closed, about half in Europe, Middle East, Asia and Africa are shut and about 10% in the U.S. are currently closed. First-quarter global revenue per available room fell about 25%, including a 55% drop in March. It's also amended its syndicated revolving credit facility to include a waiver of existing covenants until Dec. 31, and has issued £600 million in commercial paper using a Bank of England facility. It has access to $1.35 billion of cash on deposit, and existing bank facilities are currently $660 million undrawn.

The hotel industry plans to return from coronavirus shutdowns with heightened cleaning practices and lower capacity levels in public spaces. But it isn’t quite clear if guests will readily accept hospitality’s new normal. The American Hotel & Lodging Association launched late last month "Stay Safe," a new cleaning and workplace protocol for the hotel industry […]

U.K. stocks on Monday participated in a global rally, gaining ground in anticipation of further central bank action as Prime Minister Boris Johnson returned to work after being sidelined by the coronavirus.

InterContinental Hotels Group PLC (LON:IHG), which is in the hospitality business, and is based in United Kingdom, led...

Yahoo Finance’s Akiko Fujita sat down with Best Western CEO David Kong to discuss how the coronavirus has impacted the hotel industry and will shape it in the future.

Travel stocks rallied in Europe on Tuesday as stocks climbed for a second day on optimism over a slowly recovering world economy.

While coronavirus may have temporarily dampened the world’s appetite for travel, IHG is forging ahead with its planned expansion of the Regent hotel brand. IHG signed a management agreement with Shanghai 21st Century Hotel Co. for what will become the Regent Shanghai Pudong. The Shanghai hotel will be the first new Regent hotel since IHG […]

Yahoo Finance speaks with Hilton CEO Christopher Nassetta about the road ahead for the hotel giant post coronavirus.

Yahoo Finance talks with Hilton CEO Christopher Nassetta about the state of the hotel industry amidst the coronavirus pandemic.

A hotel’s recovery path from the coronavirus downturn in travel will hedge partially on which country the property is located. Many hotels around the world are temporarily closed due to travel restrictions and shelter-in-place orders aimed at halting the spread of coronavirus. But countries like China are beginning to relax restrictions, and travel demand is […]

Dave Johnson, Aimbridge Hospitality CEO, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss its plans to recover from the impact of COVID-19 and future outlook for the overall hotel industry.

IHG, which announced a $150 million in cost cuts last month, said it now had $2 billion in liquidity as it also amended its credit facility to include a waiver of existing covenants until Dec. 31, 2021. Travel and leisure businesses have been among the worst hit by the coronavirus outbreak, with hundred of billions of dollars in business trips and holidays cancelled as countries impose sweeping restrictions.

European stocks and U.S. futures climbed early on Friday as signs of a recovery in China helped boost after a strong finish on Wall Street.

On March 31, Fundsmith Equity Fund published an investor letter in which it has reported how the fund is faring in the coronavirus Covid-19 pandemic environment. The Fundsmith Equity Fund continues to operate and the fund has been able to provide liquidity where required. According to their management, "Fund’s performance has been as they would […]

Since the U.K. government introduced strict lockdown measures, businesses, individuals, and the hospitality industry have rallied to support NHS staff, the homeless, and at-risk people across the country.

China's tourists are set to stick close to home and take advantage of discounts as they take time off for the first major holiday since the easing of coronavirus lockdowns, offering a glimpse of what travel may look like after the epidemic. A five-day Labour Day holiday from May 1 is being seen as a test for the tourism industry, one of the sectors hardest hit by the coronavirus, which emerged in central China late last year and triggered shutdowns of up to three months. Travel operator Trip.com estimates about 90 million people will go on holiday for the May Day break, less than half the number who went last year.

One of the newest hotels in Houston’s Texas Medical Center area cut dozens of employees from its staff earlier this month, citing the financial fallout from the ongoing coronavirus pandemic, according to a notice sent to the Texas Workforce Commission and city officials.