InterContinental 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.
Sale of InterCon HK completed
