InterContinental sells Hong Kong hotel for US$938 million
Published Fri, Jul 10, 2015 · 06:19 AM
[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.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents