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Sales of shares in FelCor Lodging Trust Incorporated

Category: Worldwide
This is a press release selected by our editorial committee and published online for free on Friday 10 February 2006

InterContinental Hotels Group PLC (“IHG”) today announces the sale of 9.5 million shares in FelCor Lodging Trust Incorporated (“FelCor”) for USD19 per share, a total of USD180.5million. The shares were held in IHG’s accounts at market 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



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