HOTELS: Holiday Inn Checks Out

Holiday Inn Checks Out

The venerable U.S. hotel chain known as "the nation's innkeeper," whose green-and-yellow signs are familiar landmarks on American highways, will soon take on a British accent. Last week Memphis-based Holiday Corp. said that it will sell its North American chain of more than 1,400 Holiday Inns for $2.2 billion to British pub-and-brewery giant Bass PLC. The sale completes a global acquisition for the London-based company, which last year bought the rights to Holiday Inn franchises outside North America.

Holiday decided to sell its 37-year-old namesake so that the company can focus on its newer ventures, which include three hotel chains (Embassy...

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