InterContinental Hotels Group PLC (IHG.N) Key Developments | Reuters.com
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InterContinental Hotels Group PLC (IHG.N)

IHG.N on New York Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

IHG Q1 revpar up 1.5 pct, confident outlook
Friday, 6 May 2016 02:00am EDT 

Intercontinental Hotels Group : First Quarter Trading Update . Good Q1 performance with strong brand momentum . Global Q1 comparable revpar up 1.5% . Enhanced global scale: 5k rooms opened, increasing net system 2.7% yoy to 742k rooms .Current trading trends and momentum behind our brands give us confidence for rest of year.  Full Article

InterContinental Hotels Group PLC proposes dividend
Tuesday, 23 Feb 2016 02:00am EST 

InterContinental Hotels Group PLC:Says it has proposed a final dividend per ordinary share of 57.5¢ (40.3p).Says with the interim dividend per ordinary share of 27.5¢ (17.7p), the full-year dividend per ordinary share for 2015 will total 85.0¢ (58.0p), an increase of 10.4% over 2014.The dividend will be paid on May 13, 2016.  Full Article

InterContinental Hotels Group PLC completes sale of IC Hong Kong
Wednesday, 30 Sep 2015 02:03am EDT 

InterContinental Hotels Group PLC:Says the completion of the sale of InterContinental Hong Kong to Supreme Key Limited.Says IHG will continue to manage the hotel under a long-term management contract.Says Gross disposal proceeds of $929 million have been received in cash, after initial working capital adjustments.Says the terms of the transaction are otherwise unchanged from those announced on July 10.  Full Article

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