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InterContinental Hotels Group PLC announces sale of intercontinental mark hopkins san francisco


Tuesday, 18 Feb 2014 02:00am EST 

InterContinental Hotels Group PLC:Says the sale of the 383 room InterContinental San Francisco Mark Hopkins1 (the hotel) to a joint venture between affiliates of Woodridge Capital Partners and funds managed by Oaktree Capital Management L.P.It is for $120 mln gross cash proceeds.IHG will continue to manage the hotel under a long-term management contract.This is expected to complete next month. 

Company Quote

40.92
-0.34 -0.82%
4 Mar 2015