InterContinental Hotels Group denied a report that it is for sale or may merge with another company, after Bloomberg News reported IHG was exploring strategic options.

“Following recent market speculation, the board of directors of IHG states that it is not considering a potential sale or merger of the company,” the company said in a statement Friday.

The company last week was exploring a possible sale or merger after receiving acquisition inquiries, Bloomberg News reported Friday. This summer, the company had been in merger talks with Starwood Hotels & Resorts, the Financial Times reported, though IHG has since said those talks are off.

IHG has 4,900 worldwide hotels under the Holiday Inn, Holiday Inn Express, Crowne Plaza, InterContinental, Staybridge Suites, Candlewood Suites, Hotel Indigo and Even brands. IHG has a market value of almost $10 billion, compared to about $24 billion for Hilton Worldwide, $20 billion for Marriott International and about $13 billion for Starwood.

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