10th Feb 2006 07:00
InterContinental Hotels Group PLC10 February 2006 10 February 2006 INTERCONTINENTAL HOTELS GROUP PLC SALE OF SHARES IN FELCOR LODGING TRUST INCORPORATED InterContinental Hotels Group PLC ("IHG") today announces the sale of 9.5million shares in FelCor Lodging Trust Incorporated ("FelCor") for USD19 pershare, a total of USD180.5million. The shares were held in IHG's accounts atmarket value, which on 30th September 2005 was $15.15 per share. This sale follows IHG's renegotiation of its management agreement with FelCor,announced on 25 January 2006. For further information, please contact: Investor Relations (Gavin Flynn, Paul Edgecliffe-Johnson): +44 (0) 1753 410 176 +44 (0) 7808 098 972 Media Enquiries (Leslie McGibbon): +44 (0) 1753 410 425 +44 (0) 7808 094 471 Note 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,almost 3,600 hotels and 539,000 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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