The race to evade US taxes by large corporations has landed on the doorstep of a quintessential Middle American hotel brand: Holiday Inn. Marcato Capital pressures InterContinenal Hotels Group Under pressure to “unlock shareholder value” from the hedge fund Marcato Capital Management, British-based InterContinental Hotels Group Plc (ADR) (NYSE:IHG), which owns the Holiday Inn and Crowne Plaza brands, is under pressure to offer up the two American hotel chains in order to allow a larger US hotel chain to engage in a tax “inversion,” according to reports. In a tax inversion, a US company purchases a smaller firm located offshore…
Is Holiday Inn The Next Tax Inversion Play?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.