The Hotel Sector is Trading Up Amid Marcato Capital Management/InterContinental Hotels Announcement - Hyatt Hotels (NYSE:H), InterContinental Hotels (NYSE:IHG)

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Earlier this morning Marcato Capital Management made announcement that confirmed a rumor reported by

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The Wall Street Journal

over the weekend that the firm is working with InterContinental Hotels Group (NYSE: IHG) to seek alternative that may enhance shareholders' value.Following the announcement, the hotel sector as a whole has largely received a small bump in share price. InterContinental is up ~0.25 percent while Hyatt Hotels (NYSE: H) and Marriott International (NASDAQ: MAR) are up ~0.35 and ~0.4 percent, respectively.