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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.

IHG, InterContinental, Hong Kong

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