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# Anbang denies InterCon bid report
- URL: https://hospitality.pro/anbang-denies-intercon-bid-report/
- Published: 2016-08-08T10:47:33.000Z
- Updated: 2016-08-16T08:00:27.000Z
- Author: Holedo
- Tags: Hospitality Industry News, IHG, News, #wordpress, #Import 2026-04-16 12:15

Anbang has denied it plans to make a bid and is not considering an offer for InterContinental.

InterContinental, with a market value of 6.27 billion pounds (US$8.2 billion), has been the subject of recurring takeover speculation amid consolidation in the lodging industry worldwide.  
Beijing-based Anbang in March abruptly withdrew its US$14 billion takeover offer for Starwood Hotels & Resorts Worldwide, clearing the way for Marriott International to buy the US hotel company.

The UK’s Sunday Times reported that Anbang was in the early stages of considering making a 7 billion pound offer for InterContinental.