Key Developments: InterContinental Hotels Group PLC (IHG.L)

IHG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

InterContinental Hotels Group PLC proposes interim dividend
Thursday, 30 Jul 2015 02:02am EDT 

InterContinental Hotels Group PLC:Says it has proposed an interim dividend per ordinary share of 27.5¢ (17.7p).Says the interim dividend will be paid on Oct. 2 to shareholders on the register on Aug. 28.Ex-dividend date is Aug. 27.  Full Article

InterContinental Hotels Group PLC to sell ownership interest in InterContinental Hong Kong
Friday, 10 Jul 2015 02:01am EDT 

InterContinental Hotels Group PLC:Has agreed to sell IHG's ownership interest in InterContinental Hong Kong to Supreme Key Ltd, a consortium of investors advised and managed by Gaw Capital Partners, for a gross purchase price of $938 mln Pounds.The Buyer has made a further commitment to invest in a significant refurbishment of the Hotel.This is expected to commence in 2017 and will take place over a period of about 18 months.  Full Article

InterContinental Hotels Group PLC announces completion of sale of Intercontinental PARIS - LE GRAND
Wednesday, 20 May 2015 10:05am EDT 

InterContinental Hotels Group PLC:Says completion of the sale of InterContinental Paris - Le Grand to Constellation Hotels France Grand SA, an affiliate of Constellation Hotels Holding Limited.Terms of the transaction are unchanged from those announced on Aug. 07.Gross disposal proceeds of 330 mln euros have been received in cash and the proceeds will be used for general corporate purposes.IHG will continue to manage the hotel under a long-term management contract.  Full Article

InterContinental Hotels Group declares dividend
Tuesday, 17 Feb 2015 02:00am EST 

InterContinental Hotels Group:Proposed a final dividend per ordinary share of 52¢ (33.8p).Says with the interim dividend per ordinary share of 25¢ (14.8p), the full-year dividend per ordinary share for 2014 will total 77¢ (48.6p), an increase of 10 pct over 2013.Record date is April 7.Payment date is May 15.  Full Article

InterContinental Hotels Group completes Kimpton acquisition
Friday, 16 Jan 2015 07:54am EST 

InterContinental Hotels Group:Confirm that the acquisition of Kimpton Hotels & Restaurants Group LLC for cash consideration of $430 mln has now completed.  Full Article

InterContinental Hotels Group to acquire Kimpton Hotels & Restaurants
Tuesday, 16 Dec 2014 02:00am EST 

InterContinental Hotels Group PLC:To acquire Kimpton Hotels & Restaurants for $430 mln in cash.Acquisition makes IHG the clear market leader in the boutique segment, the fastest growing segment in the industry.BofA Merrill Lynch acted as financial adviser to IHG.  Full Article

Intercontinental Hotels Group PLC agrees to sell Paris-Le Grand hotel to Constellation Hotels
Sunday, 7 Dec 2014 07:00pm EST 

Intercontinental Hotels Group PLC:Agrees to sell its Paris-Le Grand hotel for 330 million euros ($405 million) to Constellation Hotels.Says the deal is expected to complete by the end of the first quarter of 2015, with the proceeds going towards general corporate purchases.  Full Article

InterContinental Hotels Group and Grupo Presidente to extend relationship
Thursday, 16 Oct 2014 02:32pm EDT 

InterContinental Hotels Group and Grupo Presidente:Says they will strengthen their relationship through an extension of their current strategic agreement.Grupo Presidente plans to continue the extensive, ongoing renovations on a portion of its existing Presidente InterContinental hotels and resorts to ensure that they best serve guests' evolving needs.Furthermore, IHG and Grupo Presidente will partner to grow the portfolio of IHG-branded hotels in Mexico.  Full Article

SFL SA announces opening of Indigo hotel from Intercontinental Hotels Group in France
Friday, 10 Oct 2014 12:09pm EDT 

Societe Fonciere Lyonnaise SA:Announces opening of Indigo hotel from Intercontinental Hotels Group in France in Carre Edouard VII site in Paris.  Full Article

Keong Hong Holdings Ltd 's joint venture appoints Intercontinental Hotels Group to manage its first hotel property in singapore
Wednesday, 1 Oct 2014 05:11am EDT 

Keong Hong Holdings Ltd:Says Katong Holdings Private Limited (JVC) has appointed InterContinental Hotels Group, , to manage its first hotel property in Singapore.Says under the hotel management agreement, IHG will provide the full spectrum of hotel management services, including consultancy on the design and construction of the two new-build hotels.Says Katong Holdings Private Limited (JVC), is a joint venture company set up by Keong Hong Construction Pte Ltd (KHC), a subsidiary of the company and its joint venture partners, Master Contract Services Pte. Ltd. (MCSPL) and Asia Development Pte. Ltd. (ADPL).  Full Article

Britain's FTSE fortified by gains at ITV and Carnival

LONDON, July 31 - Britain's top equity index forged ahead on Friday, lifted by a rise in the shares of media group ITV and cruise ship company Carnival, which set the market up for a fourth straight day of gains.

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