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Article: InterContinental hotel sale closed.(Intercontinental Hotels Group PLC)(Brief Article)
- Article from:
- Real Estate Weekly
- Article date:
- April 13, 2005
CopyrightCOPYRIGHT 2005 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Plasencia Group, Inc., and it's affiliate, Regent Street, have completed the largest portfolio transaction in North America thus far this year on behalf of InterContinental Hotels Group, PLC with the sale of thirteen hotels valued at $425M to Hospitality Properties Trust and two hotels valued at $303.5M to Strategic Hotel Capital.
The fifteen assets in the Americas portfolio include InterContinentals, Crowne Plazas, Holiday Inns and ...