InterContinental Hotels

InterContinental said to seek S$1.29 billion in Hong Kong hotel sale

InterContinental Hotels Group, owner of the Holiday Inn and Crowne Plaza brands, is seeking at least US$1 billion (S$1.29 billion) from the sale of a Hong Kong hotel, the Bloomberg news agency reported unidentified sources as saying. The UK company hired Jones Lang LaSalle to find a buyer for the InterContinental Hong Kong Hotel, the people said. It aims to complete the sale by...

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