InterContinental Hotels Group (IHG) is considering selling its remaining 25 hotels, valued at £1 bn, among which its top-four 'trophy assets', the London, Paris, New York and Hong Kong hotels. In 2006, the hotels group sold 31 Continental European Hotels, valued at £680 mln, in a steadily continued sell-off pressured by shareholders.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
