SAN FRANCISCO, Aug. 4, 2014 /PRNewswire/ -- Marcato Capital Management LP ("Marcato"), a San Francisco-based investment manager that owns approximately 4% of the outstanding shares of Intercontinental Hotels Group plc (LSE: IHG; NYSE: IHG), today announced that it has retained Houlihan Lokey as a financial advisor to assist Marcato in conducting a full strategic review for enhancing shareholder value at IHG.
This review will focus on various alternatives including, but not limited to, improving capital structure and/or capital allocation and strategic transactions. Marcato believes current, favorable market conditions presently exist to significantly enhance IHG shareholder value, which may not be available in the future. As part of these efforts, Marcato intends to engage in direct dialogue with IHG's Board of Directors and management with respect to the merits of its proposals, as well as broad discussions with IHG shareholders and industry participants.
For further information, contact:
Sard Verbinnen & Co.
SOURCE Marcato Capital Management LP