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

  • Carlsbad: Ocean Views And Free WiFi Tempt At The New Hilton Carlsbad Resort, Now Open
  • Willie Walsh compares UK airports to England's Euro 2012 performance saying 'we can't play the old way'
  • Hilton HHonors launch ?Support the Dream? program
  • Write a Story/Review about this topic

    Post a 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