Holiday inn

IHG, owner of a Holiday Inn, suspends investments in Russia By Reuters

© Reuters. FILE PHOTO: A Holiday Inn hotel is seen in Tbilisi, Georgia June 8, 2016. REUTERS/David Mdzinarishvili

(Reuters) – Holiday Inn owner IHG said on Thursday it was suspending future investment, development activities and hotel openings and closing its Moscow office following the invasion of Ukraine by Russia.

The London-listed company said it was also working with its franchisees in countries neighboring Ukraine to provide temporary accommodation for refugees.

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