IHG sells InterContinental Paris - Le Grand for £260m

InterContinental Hotels Group (IHG) is selling the famous InterContinental Paris - Le Grand hotel for £260m.

InterContinental Paris – Le Grand hotel
InterContinental Paris – Le Grand hotel
The company has announced it has accepted an offer from Constellation Hotels France Grand SA, an affiliate of Constellation Hotels Holding Limited.

The transaction is expected to complete by the end of the first quarter of 2015.

The acceptance of the offer follows the conclusion of the information and consultation period with relevant hotel employees’ representatives, and the execution of definitive legal documentation.

The property’s facilities include 470 guest rooms and 23 meeting rooms.

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