Still in process.. i got an email from the hotel this morning trying to convince me to accept a voucher that could be used anytime from now through December instead of a refund, but at the end of the message they did say, "Please let us know if you insist on a cancellation".
I have decided to go ahead with the cancellation with refund since that country has now instated a mandatory 14-day quarantine on travelers arriving from the US.
I must say I really have to give kudos to IHG for making non-refundable bookings refundable given the current global pandemic. They have scored some serious loyalty points with me on this.