IHG Hotels & Resorts has announced that it will cease all operations in Russia due to the war in Ukraine.
The move comes just weeks after fellow global hotel company Marriott revealed it was suspending all hotel operations in Russia due to the impact of sanctions.
“We remain deeply troubled by the war in Ukraine and the humanitarian crisis it has caused,” said IHG in a statement.
“Following the outbreak of the war, we announced the suspension of future investments, development activity and new hotel openings in Russia and that we did not intend to resume any investment or development activity in the foreseeable future. We also closed our corporate office in Moscow.”
IHG has 28 branded hotels in Russia, which are operated under long-term management and franchise contracts. The hotel firm has been in discussions with the owners of these properties since early April.
“We are now in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there,” said IHG.
“As we do this, we continue to remain focused on supporting our teams in Russia and in Ukraine, in line with our commitment to care for our people and the communities in which we operate.”
