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 announces Brooklyn, NY Property acquisition
Tuesday, 3 Dec 2013 09:00am EST 

Intercontinental Hotels Group PLC:Says it has acquired a new asset in Brooklyn, N.Y., that the company will develop as a new hotel under its EVEN Hotels brand.  Full Article

Intercontinental Hotels Group PLC Ties Up With Omaxe For 150-Room Hotel In New Chandigarh-Business Standard
Monday, 2 Sep 2013 05:38am EDT 

Business Standard reported that Intercontinental Hotels Group PLC has entered into an agreement with real estate firm Omaxe to open a 150-room hotel under brand Holiday Inn in New Chandigarh. The hotel would be located in the 1,000-acre township developed by Omaxe in Sector 4B of the New Chandigarh, which is near Chandigarh. The new hotel will be a part of a mixed-use development that includes commercial, retail and residential establishments.  Full Article

Intercontinental Hotels Group PLC Announces Interim Dividend
Tuesday, 6 Aug 2013 02:00am EDT 

Intercontinental Hotels Group PLC announced that the Board has proposed an interim dividend per ordinary share of USD0.23 (GBP0.151), representing growth of 9.5% on the 2012 interim dividend.  Full Article

Societe Fonciere Lyonnaise SA Signs Contract with InterContinental Hotels Group for First Hotel Indigo in Paris
Friday, 12 Jul 2013 11:24am EDT 

Societe Fonciere Lyonnaise SA announced that it has signed a contract with InterContinental Hotels Group regarding the Edouard VII site. InterContinental Hotels Group will open a hotel there under its Hotel Indigo brand. Financial terms were not disclosed.  Full Article

Intercontinental Hotels Group PLC Creates India Focused Command To Tap Growth Opportunities-Business Standard
Friday, 7 Jun 2013 10:49am EDT 

Business Standard reported that Intercontinental Hotels Group PLC's structural changes in its Indian operation by putting it under a new country-specific command to be based at Gurgaon to focus on the growth opportunities here. Earlier, the Indian operation was reporting to IHG's wider regional office based in Dubai. As a part of the overall country strategy, IHG's Indian operations will now report to its Vice President Operations South West Asia Douglas Martell, who will be based in Gurgaon.  Full Article

Intercontinental Hotels Group PLC Announces Sale Of Intercontinental London Park Lane For GBP301.5 Million
Thursday, 28 Mar 2013 03:02am EDT 

Intercontinental Hotels Group PLC announced that it has agreed to sell InterContinental London Park Lane (the Hotel) to Constellation Hotel (Opco) UK S.A., which is an affiliate of Constellation Hotels Holding Limited, a Middle Eastern private investment group. IHG's leasehold interest in the Hotel has been sold for gross cash proceeds of GBP301.5 million ($457 million), 62% above December 31, 2012 net book value.  Full Article

Concur Technologies Inc Announces Intercontinental Hotels Group PLC As New Partner For Concur Open Booking
Tuesday, 26 Mar 2013 07:00am EDT 

Concur Technologies Inc announced that Intercontinental Hotels Group PLC has signed as a Concur Open Booking partner. Concur Open Booking enables transactions booked through travel supplier web sites to automatically appear in Concur, delivering complete visibility, streamlined expense reporting and enhanced duty of care data back to corporate clients, regardless of where travel was booked.  Full Article

Intercontinental Hotels Group PLC Proposes Final Dividend
Tuesday, 19 Feb 2013 02:05am EST 

Intercontinental Hotels Group PLC announced that the board has proposed a final dividend per ordinary share of 43.0 cents (27.7 pence).  Full Article

MasterCard Inc Expands Strategic Alliance With Intercontinental Hotels Group PLC
Wednesday, 30 Jan 2013 10:00am EST 

MasterCard Inc announced new multi-year U.S. agreement with Intercontinental Hotels Group PLC naming MasterCard as the exclusive co-branded card for IHG`s hotel loyalty rewards consumer credit card portfolio. The deal also includes a broad range of marketing, loyalty and innovation initiatives.  Full Article

Intercontinental Hotels Group PLC Wants New Bids For NY's Barclay Hotel-Reuters
Tuesday, 6 Nov 2012 05:21am EST 

Reuters reported that InterContinental Hotels has failed to seal the sale of its Barclay hotel in midtown Manhattan and is seeking new bids after exclusive talks with a prospective buyer proved inconclusive. The 1920s New York hotel had been expected to fetch around $300 million and analysts had previously identified Qatari hotel owner Ghanim Bin Saad Al Saad as the likely purchaser. InterContinental executives put a positive spin on the delay, saying the New York property market had strengthened this year and several rival prospective bidders had come forward in recent months.  Full Article

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