IHG Announces On-strategy Sale of Hotels to Summit Hotel Properties for $17 Million
IHG (InterContinental Hotels Group) [LON: IHG, NYSE:IHG (ADRs)] announces the sale of two hotels, the 121-room Staybridge Suites Denver Cherry Creek and the 143-room Holiday Inn Atlanta-Gwinnett Place, for a combined total of US$17 million to Summit (Summit Hotel Properties Inc.) a US-based real estate investment trust.