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InterContinental group to sell HK hotel for US$938 million

It retains contract to manage the property

Hong Kong

INTERCONTINENTAL Hotels Group Plc has agreed to sell the InterContinental Hong Kong to a group of investors advised and managed by Gaw Capital Partners for US$938 million.

InterContinental will retain a 37-year management contract for the hotel, the Denham, England-based...

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