ASIA Travel Tips.com
Thu, 1 October 2015

IHG Completes Sale of InterContinental Hong Kong

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.

 IHG will continue to manage the hotel under a long-term management contract.

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.

See other recent news regarding: Interviews, Pictures, Videos, IHG, InterContinental, Hong Kong

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