Completion on Sale

COMPLETION ON SALE OF

 INTERCONTINENTAL LONDON PARK LANE

 

1 May 2013 - InterContinental Hotels Group PLC (IHG) [LON:IHG, NYSE:IHG (ADRs)] announces the completion on sale of its leasehold interest in InterContinental London Park Lane to Constellation Hotel (Opco) UK S.A., the terms of which were announced on 28 March 2013.

£301.5m ($469m¹) gross disposal proceeds have been received in cash, £61m ($95m¹) of which has been used to provide security over UK pension liabilities which were previously secured against the hotel.

 

For further information please contact:

Investor Relations (Catherine Dolton; Isabel Green): +44 (0)1895 512176

Media Relations (Yasmin Diamond; Tom Curry): +44 (0)1895 512426

 

Notes to Editors:

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with nine hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 71² million members worldwide.

IHG franchises, leases, manages or owns over 4,600² hotels and more than 675,000² guest rooms in nearly 100 countries and territories. With more than 1,000² hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.priorityclub.com for more on Priority Club Rewards. For our latest news, visit www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.