InterContinental to sell its 'trophy assets'
InterContinental Hotels Group (IHG) is considering selling its remaining 25 hotels, valued at £1 bn, among which its top-four 'trophy assets', the London, Paris, New York and Hong Kong hotels. In 2006, the hotels group sold 31 Continental European Hotels, valued at £680 mln, in a steadily continued sell-off pressured ...
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