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InterContinental Hotels seeks to appoint new statutory auditor

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InterContinental Hotels seeks to appoint new statutory auditor

InterContinental Hotels Group PLC's board plans to propose the appointment of PricewaterhouseCoopers LLP as the company's statutory auditor for the financial year ending Dec. 31, 2021.

Current auditor Ernst & Young LLP will handle the audit of IHG for the financial year ending Dec. 31, 2019, and, subject to reappointment by shareholders at its annual general meeting, for the year ending Dec. 31, 2020.

Separately, the company said its Avid Hotels midscale brand has nearly 200 signings for new locations, more than 60 of which are under construction or have their design and construction plans approved. A new six-story, 95-room Avid-branded hotel in Fresnillo, Mexico, is expected to open in the spring of 2020.

As part of its plans to expand globally, the brand has 10 locations slated to open in the U.S. by 2019-end, as well as several properties under development in Mexico, Canada and Germany.