Sale of CP London - The City

InterContinental Hotels Group PLC
16 January 2007

16 January 2007

                INTERCONTINENTAL HOTELS GROUP ANNOUNCES SALE OF
                         CROWNE PLAZA LONDON - THE CITY


InterContinental Hotels Group PLC ("IHG") today announces it has sold its 33.3%
interest in the Crowne Plaza London - The City to Grupo Statuto, a leading
Italian real estate investor. The hotel has been sold for gross proceeds of
£81m. IHG's net proceeds after debt repayments are £18m, £11m in excess of net
book value.


The Crowne Plaza London - The City (203 rooms) has been sold with a 17 year
Crowne Plaza management agreement, with a 5 year renewal option.


Further transaction details


1. The management agreement signed in respect of the Crowne Plaza London - The
   City will generate ongoing fees for IHG expected to be in excess of £0.7 
   million per annum.



2. IHG accounted for Crowne Plaza London - The City as an investment under IFRS,
   so its earnings were not consolidated.


Since Separation in April 2003, including today's announcement, IHG has
announced the disposal of 176 hotels with proceeds of approximately £3.0
billion. 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 (Paul Edgecliffe-Johnson, Heather Ward): [phone]

Media Enquiries (Leslie McGibbon):                          [phone]
                                                            [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 543,775 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 30 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




High resolution images to accompany this announcement are available for the
media to download free of charge from 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