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IHG announces sale of InterContinental London Park Lane for £301.5m
InterContinental Hotels Group PLC announces it has agreed to sell InterContinental London Park Lane “the Hotel” to Constellation Hotel Opco UK S.A., which is an affiliate of Constellation Hotels Holding Limited, a Middle Eastern private investment group. IHG’s leasehold interest in the Hotel has been sold for gross cash proceeds of £301.5m $457m, 62% above 31 December 2012 net book value. via IHG announces sale of InterContinental London Park Lane for £301.5m.
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InterContinental Hotels Group PLC announces it has agreed to sell InterContinental London Park Lane “the Hotel” to Constellation Hotel Opco UK S.A., which is an affiliate of Constellation Hotels Holding Limited, a Middle Eastern private investment group. IHG’s leasehold interest in the Hotel has been sold for gross cash proceeds of £301.5m $457m, 62% above 31 December 2012 net book value. via IHG announces sale of InterContinental London Park Lane for £301.5m.
The year 2013 began on a dive of almost all indicators of the hotel sector across Europe, with a few islands of positive developments, confirming the strong resistance of the German and Austrian markets. via A cold snap in the European Hotel Industry in January.
By 2015, the former Kosmoshaus will be home to the 29th hotel of the Spanish hotel company Meliá in Germany. The hotel company recently signed an agreement on its first hotel in Leipzig, which is planned to open its doors in late 2015. via Meliá Hotels to open Innside hotel in Leipzig.
LONDON [United Kingdom] The ME Hotel – the first flagship hotel in which everything, from the shell of the building to the bathroom fittings has been designed by Foster + Partners – has opened in Londons West End. via ME Hotel opens in London.
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