IHG Receives Binding Offer for InterContinental Paris – Le Grand of €300 million
InterContinental Hotels Group PLC (IHG) has announced that it has received a binding offer from Constellation Hotels Holding Limited (“Constellation”) to acquire InterContinental Paris – Le Grand (the “Hotel”). The proposed purchase price is €330 million ($442 million1), payable in cash at completion. Constellation has made a further commitment to invest over time an estimated €60 million in future hotel…
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