Chinese eye IHG

CHINESE buyers are running a rule over FTSE 100 hotels group IHG, according to weekend reports.

The sovereign wealth fund, China Investment Corp, along with Shanghai Jin Jiang International Hotels Group and airline owner HNA Group are cited as possible suitors.

IHG, which owns the Crowne Plaza and Holiday Inn brands, is thought to be exposed after rival Starwood Hotels & Resorts Worldwide recently agreed to a takeover by Marriott. The Chinese trio had been interested in Starwood and may now switch their attention to IHG.