InterContinential Hotel Sold For USD938 Million
Category:
Hotels, Posted:11 Jul 2015 | 08:57 am
Hong Kong's InterContinential Hotel has traded at an astounding price of USD938 million.
The buyer is a consortium named Supreme Keys, and is lead by Gaw Capital Partners (GCP).
Management will continue under the IHG Group which has completed a major asset light strategy, shedding many high values properties in order to focus on management.