intercontinental hotels grou
Transactions by INTERCONTINENTAL HOTELS GROU (IHG) in the last 6 months
Beverweerd Investments B.V. and Boron Securities N.V. acquired 3.2% stake in Intercontinental Hotels Group plc (LSE:IHG) on January 12, 2015. Beverweerd Investments and Boron Securities bought 7.5 million shares of InterContinental Hotels.
Intercontinental Hotels Group plc (LSE:IHG) agreed to acquire assets of Kimpton Hotel & Restaurant Group, LLC from Kimpton Group Holding, LLC and others for $430 million in cash on December 16, 2014. The transaction will be financed through existing cash resources and new debt facilities. Kimpton team will continue to be led by Mike DeFrino, currently Kimpton's Chief Operating Officer. The transaction, upon satisfaction of certain customary conditions, including Hart-Scott-Rodino ...
Constellation Hotels Holding Limited made an offer to acquire InterContinental Paris - Le Grand from Intercontinental Hotels Group plc (LSE:IHG) for €330 million in cash on August 7, 2014. Constellation Hotels agreed to pay an estimated €60 million in future hotel renovations. As per the terms, Intercontinental Hotels Group would retain a 30 year management contract on the Le Grand hotel, with three 10 year extension rights at Intercontinental Hotels Group’s discretion, ...
Summit Hotel Properties, Inc. (NYSE:INN) acquired the remaining 19% stake in Holiday Inn Express Fisherman's Wharf from Intercontinental Hotels Group plc (LSE:IHG) for $8.2 million on June 30, 2014.
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