• Paris InterCon sale sealed

IHG has confirmed the sale of the InterContinental hotel in Paris for EUR330m. The deal with buyer Constellation has been sealed after a period of statutory consultation, reports Bloomberg.

IHG will have a 30 year contract to continue managing the 470 room hotel, with options to extend. The buyer has committed a further EUR60m to fund refurbishment of the property.
Read the full story here:
http://www.bloomberg.com/news/2014-12-08/intercontinental-accepts-405-million-bid-for-le-grand-in-paris.html
 
Share →