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Article: InterContinental to Sell Seven Hotels
- Article from:
- AP Online
- Article date:
- January 31, 2006
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Copyright informationThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
01-31-2006
Dateline: LONDON
InterContinental Hotels Group PLC said Tuesday it is putting seven hotels across Europe up for sale as part of its strategy to reduce its asset ownership.
The sale of the hotels _ in Amsterdam, Budapest, Cannes, Rome, Frankfurt, Madrid and Vienna _ is expected to take up to nine months. IHG did not name any potential buyers.
Windsor-based IHG, the world's largest hotel company, said it also plans to sell a portfolio of its mid-scale European hotels that will keep the brand name. The group has not said how many of these hotels it is selling or when they will be placed on the market.
The two hotel portfolios are worth 600 ...
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Article: New guide attacks UK's overpriced, bland business hotels
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...HOTELS in Britain are among the most expensive in Europe and often...get away with it. The new Which? Hotel Guide 1999 claims hotels that charge high prices often cash in on corporate guests...business people are turning their backs on bland corporate hotels, and finding better value in small, friendlier ...
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