The Business Times
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InterContinental sells Hong Kong hotel for US$938 million

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Published Fri, Jul 10, 2015 · 06:19 AM

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[HONG KONG] InterContinental Hotels Group agreed to sell the InterContinental Hong Kong hotel to a group of investors advised and managed by Gaw Capital Partners for a gross purchase price of US$938 million.

InterContinental will retain a management contract for the hotel, the company said in a statement today.

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