• HK InterCon for sale

IHG has placed its InterContinental hotel in Hong Kong up for sale. Agents JLL have been appointed to sell a property that could fetch up to USD1bn, reports Bloomberg.The 503 room property opened in 1980 and last sold in 2001 for GBP241m. Revpar at the property rose 5.4% in the third quarter of the year, with improved tour group and corporate event business.
Read the full story here:
http://www.bloomberg.com/news/2014-11-17/intercontinental-said-to-seek-1-billion-in-h-k-sale.html

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