2nd May 2006 09:59
InterContinental Hotels Group PLC02 May 2006 2 May 2006 INTERCONTINENTAL HOTELS GROUP LEGAL COMPLETION ON SALE OF 23 HOTELS IN CONTINENTAL EUROPE InterContinental Hotels Group ("IHG") announces the legal completion of, andreceipt of disposal proceeds for, the disposal of 23 hotels in ContinentalEurope being sold to Westbridge Hospitality Fund LP, the terms of which wereannounced on 13 March 2006. The disposal of Holiday Inn Vienna South has notyet been completed. However this has not had a material impact on proceedsreceived. For further information, please contact: Investor Relations (Gavin Flynn/Paul Edgecliffe-Johnson) +44 (0) 1753 410 176 Media Affairs (Leslie McGibbon) +44 (0) 1753 410 425 Notes to Editors InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG(ADRs)) is the world's largest hotel group by number of rooms. InterContinentalHotels Group owns, manages, leases or franchises, through various subsidiaries,over 3,600 hotels and 537,500 guest rooms in nearly 100 countries andterritories around the world. The Group owns a portfolio of well recognised andrespected hotel brands including InterContinental(R) Hotels & Resorts, CrownePlaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday InnExpress(R), Staybridge Suites(R), Candlewood Suites(R) and Hotel IndigoTM, andalso manages the world's largest hotel loyalty programme, Priority Club(R)Rewards. InterContinental Hotels Group offers information and online reservations for allits hotel brands at www.ichotelsgroup.com and information for the Priority ClubRewards programme at www.priorityclub.com. For the latest news from InterContinental Hotels Group, visit our online PressOffice at www.ihgplc.com/media. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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