History
InterContinental began in 1946 when the first hotel opened in Belém, Brazil. In 1981, holding company InterContinental Hotels Corporation was sold to UK-based company Grand Metropolitan. As GrandMet focused its core business, ICH was sold in 1988 to Japanese based Saison Group. In 1998, Bass Brewery acquired ICH. Bass was itself split in two, its brewing assets being sold to Interbrew whilst the remaining part of the company became Six Continents PLC, focusing on hotel, restaurant and beverages business. When the company split itself in two, IHG was created in 2003 and today retains the InterContinental brand as part of its hotel brand portfolio.
Read more about this topic: InterContinental
Famous quotes containing the word history:
“As History stands, it is a sort of Chinese Play, without end and without lesson.”
—Henry Brooks Adams (1838–1918)
“Psychology keeps trying to vindicate human nature. History keeps undermining the effort.”
—Mason Cooley (b. 1927)
“Perhaps universal history is the history of the diverse intonation of some metaphors.”
—Jorge Luis Borges (1899–1986)