InterContinental Hotels Group has completed the sale of
the InterContinental Hong Kong.
The property has been sold to Supreme Key Limited, a consortium of
investors advised and managed by Gaw Capital Partners.
continue to manage the hotel under a long-term management
Gross disposal proceeds of $929 million have
been received in cash, after initial working capital adjustments.
The terms of the transaction are otherwise unchanged from those
outlined in July 2015.
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