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Sale of InterCon HK completed

Profile Photo By: Steve Shellum
October 2, 2015

Sale of InterCon HK completed

intercontinental hong kongInterContinental Hotels Group completes the sale of InterContinental Hong Kong to Supreme Key Ltd, a consortium of investors advised and managed by Gaw Capital Partners.
IHG will continue to manage the hotel under a long-term management contract.
Gross disposal proceeds of US$929 million have been received in cash, after initial working capital adjustments. The terms of the transaction are otherwise unchanged from those announced on 10 July 2015.

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