Holiday Inn owner IHG says stopping all Russian operations

– Vacation Inn-owner IHG stated on Monday it was stopping all operations in Russia attributable to Western sanctions and growing challenges of doing enterprise there after the Ukraine invasion.

IHG, additionally proprietor of the Crowne Plaza, Regent and Hualuxe lodge chains, had already stopped new investments and improvement actions in Russia and closed its company workplace in Moscow.

It was additionally in talks with the house owners of its IHG-branded motels in Russia relating to the “advanced, long-term administration and franchise contracts below which these motels function.”