Disposal

InterContinental Hotels Group PLC
25 May 2005



25 May 2005

                INTERCONTINENTAL HOTELS GROUP ANNOUNCES SALE OF
        CROWNE PLAZA UNITED NATIONS AND COMPLETION OF UK ESTATE DISPOSAL



Sale of Crowne Plaza United Nations

InterContinental Hotels Group PLC ("IHG") today announces it has agreed to sell
its leasehold interest in the Crowne Plaza United Nations in New York to Halifax
Holdings, Inc, an affiliate of Highgate Holdings, for $34 million, marginally in
excess of net book value. Completion is expected to occur in the near future.



The Crowne Plaza United Nations (300 rooms) has been sold with a 10 year Crowne
Plaza franchise agreement.



Completion of UK estate disposal

IHG further announces the legal completion on the disposal of 73 hotels being
sold in the United Kingdom to LRG Acquisition Limited, a consortium comprising
Lehman Brothers Real Estate Partners, GIC Real Estate and Realstar Group 
("LRG"), the terms of which were announced on 10th March 2005.



£960 million disposal proceeds have been received in cash, with an additional
£40 million to be received subject to meeting performance targets over the next
3 years.



Further transaction details

1. Any tax payable on the sale of Crowne Plaza United Nations has already been
fully provided for.



2. The Crowne Plaza United Nations is a leasehold asset with 35 years remaining
on the current lease.



3. The franchise agreement signed in respect of the Crowne Plaza United Nations
will generate ongoing franchise fees for IHG based on a percentage of rooms
revenue. This franchise fee would have equated to $0.8 million in 2004.



Since Separation in April 2003, including today's announcement, IHG has
announced the disposal of 123 hotels with proceeds of approximately £1.8
billion. 22 properties remain on the market with a net book value of £420
million.



Crowne Plaza United Nations disposal announced today:


                                            2004                       2003
                                              $m                         $m
Revenue                                     18.9                       16.0
EBITDA                                       3.2                        1.2
EBIT                                         1.4                       (1.1)


Hotel                                                        Rooms
Crowne Plaza United Nations                                    300



A list of IHG's owned and leased properties detailing those disposed of, on the
market and not on the market is available at http://www.ihgplc.com/investors



For further information, please contact:


Investor Relations (Gavin Flynn, Paul Edgecliffe-Johnson):  [phone]
                                                            [phone]

Media Enquiries (Leslie McGibbon):                          [phone]
                                                            [phone]



Notes 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,
more than 3,500 hotels and 534,000 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 IndigoTM, and
also manages the world's largest hotel loyalty programme, Priority Club(R)
Rewards, with 23.7 million members worldwide. In addition to this,
InterContinental Hotels Group has a 47.5% interest in Britvic, one of the two
leading manufacturers of soft drinks, by value and volume, in Great Britain.


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.


  High resolution images to accompany this announcement are available for the
media to download free of charge from www.vismedia.co.uk . This includes profile
                          shots of the key executives.






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

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