• 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.
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