Hospitality Industry News
IHG Agrees to Sell the InterContinental London Park Lane to Constellation Hotels for Approximately $457 Million
1April 1, 2013?- InterContinental Hotels Group PLC (IHG) today announces it has agreed to sell InterContinental London Park Lane (?the Hotel?) to Constellation Hotel (Opco) UK S.A., which is an affiliate of Constellation Hotels Holding Limited, a Middle Eastern private investment group. IHG?s leasehold interest in the Hotel