Disposal - Agreement Signed

InterContinental Hotels Group PLC
15 March 2004

         InterContinental Hotels Group PLC Announces Agreement to Sell

                  InterContinental Central Park South, New York


(LONDON, 15 March 2004)      InterContinental Hotels Group PLC ("IHG") today
announces that it has entered into an agreement to sell the InterContinental
Central Park South to Anbau Enterprises Inc. for $63.5 million in cash.   The
sale is expected to complete in April 2004 and net proceeds will slightly exceed
the book value of the property. The price represents just over $300,000 per room
and the sale will be earnings accretive for the year to December 2004.

The InterContinental Central Park South is a leasehold property, which Anbau
intends to develop into cooperative apartment units.

Following the sale, InterContinental Hotels Group will continue to be
represented in New York's midtown by the InterContinental The Barclay along with
some 36 other properties in New York and the surrounding areas.

Richard North, chief executive of InterContinental Hotels Group, said:
"I'm very pleased to be able to announce the sale of the InterContinental
Central Park South. We achieved a fair value for this property and I am
confident that our guests will continue to be well served by our other excellent
properties in New York including the InterContinental The Barclay.

This deal is further evidence of the successful implementation of our strategy
of reducing the number of hotels we own while maintaining excellent quality and
service, and driving enhanced returns."



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For further information, please contact:
Karen Whitworth, Investor Relations                         01753 410 177
Dee Cayhill, Corporate Affairs                              01753 410 423
Kathryn Holland, Corporate Affairs                          01753 410 425








Note to Editors

InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)), owns, manages, leases or franchises, through various subsidiaries, more
than 3,500 hotels and 535,000 guest rooms in nearly 100 countries and
territories around the world (www.ichotelsgroup.com). The Group owns a portfolio
of well recognised and respected hotel brands including InterContinental(R)
Hotels & Resorts, Crowne Plaza(R) Hotels & Resorts, Holiday Inn (R) Hotels and
Resorts, Holiday Inn Express(R), Staybridge Suites(R), and Candlewood(R) Suites,
and also has a controlling interest in Britvic, the second largest soft drinks
manufacturer in the UK.

InterContinental Hotels Group offers information and reservations capability on
the Internet - www.intercontinental.com for InterContinental Hotels & Resorts,
www.crowneplaza.com for Crowne Plaza Hotels & Resorts, www.holiday-inn.com for
Holiday Inn hotels, www.hiexpress.com for Holiday Inn Express hotels,
www.staybridge.com for Staybridge Suites by Holiday Inn hotels, and
www.candlewoodsuites.com for Candlewood Suites, and for the Group's rewards
programme, www.priorityclub.com

For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.pressoffice.ihgplc.com.



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