Travel Articles

Breaking Travel News

IHG announces sale of InterContinental London Park Lane for ?301.5m

March 28, 2013

InterContinental Hotels Group PLC (IHG) today announces it has agreed to sell InterContinental London Park Lane (?the Hotel?) to Constellation Hotel (Opco) UK S.A., which is an affiliate of Constellation Hotels Holding Limited, a Middle Eastern private investment group.  IHG?s leasehold interest in the Hotel has been sold for gross cash proceeds of ?301.5m ($457m*), 62% above 31 December 2012 net book value.

Read entire article on Breaking Travel News
« Previous Article Next Article »

More From Travel Articles

  • Brenda Loomis and the Blue Coyote Band at Uncle Johns Cider Mill
  • 9th Annual Brady St. Pet Parade
  • How will latest terrorist travel alert affect your European trip, please comment
  • Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE