Disposal - Completion on Sale

InterContinental Hotels Group PLC
11 September 2006



11 September 2006



                         INTERCONTINENTAL HOTELS GROUP

                 COMPLETION ON SALE OF 7 INTERCONTINENTAL HOTELS



InterContinental Hotels Group ("IHG") announces the completion on the disposal
of seven InterContinental branded hotels (2,537 rooms) being sold in Continental
Europe to Morgan Stanley Real Estate Funds ("MSREF"), the terms of which were
announced on 13 July 2006.



€634m (£440 million(1)) disposal proceeds have been received in cash.



For further information, please contact:


Investor Relations (Paul Edgecliffe-Johnson)                [phone]

Media Affairs (Leslie McGibbon)                             [phone]


Note to Editors:



InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel group by number of rooms.  InterContinental
Hotels Group owns, manages, leases or franchises, through various subsidiaries,
over 3,650 hotels and 540,000 guest rooms in nearly 100 countries and
territories around the world. 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), Candlewood Suites(R) and Hotel Indigo(R), and
also manages the world's largest hotel loyalty programme, Priority Club(R)
Rewards with over 28 million members worldwide.





InterContinental Hotels Group offers information and online reservations for all
its hotel brands at www.ichotelsgroup.com and information for the Priority Club
Rewards programme at www.priorityclub.com.



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





Morgan Stanley Real Estate is comprised of three major global businesses:
Investing, Banking, and Lending. Since 1991, Morgan Stanley has acquired $87.7
billion of real estate assets worldwide and currently manages $50.9 billion in
real estate assets on behalf of its clients. In addition, Morgan Stanley Real
Estate provides a complete range of market-leading investment banking services
to its clients including advice on strategy, mergers, acquisitions and
restructurings, as well as underwriting public and private debt and equity
financings. Morgan Stanley is also a global leader in real estate lending and,
using its own capital, originated approximately $28 billion in commercial
mortgages in 2005. For more information about Morgan Stanley Real Estate, go to
www.morganstanley.com/realestate.



Morgan Stanley (NYSE: MS) is a global financial services firm and a market
leader in securities, investment management, and credit services. With more than
600 offices in 30 countries, Morgan Stanley connects people, ideas and capital
to help clients achieve their financial aspirations.



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(1) Exchange rate as of 10 July 2006.


                      This information is provided by RNS
            The company news service from the London Stock Exchange