InterContinental Hotels Group has announces it has agreed to sell InterContinental London Park Lane to Constellation Hotel UK, that is an affiliate of Constellation Hotels, a center Eastern private investment group. IHG’s leasehold interest inside the hotel was sold for gross cash proceeds of £301.5 million, 62 per cent above December 31st 2012 net book value. 
Tag: private investment group
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IHG announces sale of InterContinental London Park Lane for £300m