Earlier this morning Marcato Capital Management made announcement that confirmed a rumor reported by The Wall Street Journal over the weekend that the firm is working with InterContinental Hotels Group IHG to seek alternative that may enhance shareholders' value.
Following the announcement, the hotel sector as a whole has largely received a small bump in share price. InterContinental is up ~0.25 percent while Hyatt Hotels H and Marriott International MAR are up ~0.35 and ~0.4 percent, respectively.
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