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Holiday Inn-owner taps Bank of England loans as room revenue sinks

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Home Blogs > Business
Apr 27 '20 | By oiam2companyadmin | Views: 42 | Comments: 0

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Holiday Inn-owner InterContinental Hotels said on Monday it had raised 600 million pounds ($747 million) from Bank of England loans under the government's coronavirus aid scheme as it estimated a 25% plunge in global revenue per available room in the first quarter.
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Source: https://www.reuters.com/article/us-intercontinental-outlook/holiday-inn-owner-taps-bank-of-england-loans-as-room-revenue-sinks-idUSKCN2290KS?feedType=RSS&feedName=businessNews

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