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InterContinental Hotels Group: Legal completion on sale of 23 hotels in Continental Europe

Category: Europe
This is a press release selected by our editorial committee and published online for free on Wednesday 03 May 2006

InterContinental Hotels Group ("IHG") announces the legal completion of, and receipt of disposal proceeds for, the disposal of 23 hotels in Continental Europe being sold to Westbridge Hospitality Fund LP, the terms of which were announced on 13th March 2006. The disposal of Holiday Inn Vienna South has not yet been completed, however this has not had a material impact on proceeds received.



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