403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
InterContinental approves the sale of IHG for USD938m
(MENAFN) InterContinental Hotels Group said it had agreed to sell InterContinental Hong Kong to a consortium of investors for USD938 million, Oman Observer reported.
The group also said that it may return some of the incomes to shareholders. It is being sold to Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners.
IHG said the sale of the hotel completed the disposals of its major owned assets.
Like some rivals, IHG has pursued an "asset-light" strategy of selling off its hotels and then managing them under contracts.
The group also said that it may return some of the incomes to shareholders. It is being sold to Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners.
IHG said the sale of the hotel completed the disposals of its major owned assets.
Like some rivals, IHG has pursued an "asset-light" strategy of selling off its hotels and then managing them under contracts.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment