InterContinental Hotels Group PLC (IHG) announces the completion of the sale of InterContinental Hong Kong 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 announced on 10 July 2015.
InterContinental Hotels Group PLC (IHG) announces the completion of the sale of InterContinental Hong Kong 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 announced on 10 July 2015.
