Disposal

InterContinental Hotels Group PLC
12 July 2007

12 July 2007



IHG ANNOUNCES SALE OF INTERCONTINENTAL MONTREAL



InterContinental Hotels Group PLC ("IHG") announces the sale of the 357 room
InterContinental Montreal, Canada to Sweden-based Pandox AB ("Pandox") for
CAN$49 million (US$46 million) in cash.   IHG will continue to manage the hotel
under a 30 year management contract, including contract renewals.



Pandox is purchasing the hotel from IHG, which owns 74.11 percent, and Cadim, a
division of the Caisse de depot et placement du Quebec. which owns 25.89
percent.  Pandox will invest a further CAN$11 million (US$10 million) to
renovate the hotel. Pandox also owns the Crowne Plaza Brussels City Centre,
Crowne Plaza Antwerp and Holiday Inn Brussels Airport.



The hotel generated revenues of US$22.5m, EBITDA of US$3.6m and EBIT of US$2.8m
in 2006, and had a net book value of US$30.2m at 31 March 2007.



The sale is a continuation of IHG's strategy of growing its management and
franchise businesses and reducing asset ownership.  Since 2003, IHG has disposed
of 178 hotels globally with a net asset value of over £2.9bn, with proceeds in
excess of net book value.



"We had previously announced that the InterContinental Montreal was on the
market as part of our ongoing strategy to reduce our asset intensity. Our
objective is only to own real estate where it drives the growth of our brands,"
said Andy Cosslett, Chief Executive of IHG.



"The InterContinental Montreal is a great property with tremendous potential to
be a top of mind, leading business and meetings hotel in the city centre, said
Anders Nissen, CEO, Pandox AB. "This is our fourth IHG branded hotel and we are
excited about expanding our portfolio into North America."



Asset disposal programme detail


                               Number of hotels          Proceeds     Net book value
Disposed since April 2003                   178            £3.0bn             £2.9bn
Remaining hotels                             21                               £0.9bn

For a full list please visit www.ihg.com/Investors




Notes to Editors:



InterContinental Hotels Group



InterContinental Hotels Group PLC (IHG) of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel group by number of rooms.  IHG owns,
manages, leases or franchises, through various subsidiaries, over 3,700 hotels
and more than 558,000 guest rooms in nearly 100 countries and territories around
the world. IHG owns a portfolio of well recognized 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 program, Priority Club(R) Rewards with over 33
million members worldwide.



The company pioneered the travel industry's first collaborative response to
environmental issues as founder of the International Hotels and Environment
Initiative (IHEI). The IHEI formed the foundations of the Tourism Partnership
launched by the International Business Leaders Forum in 2004, of which IHG is
still a member today. The environment and local communities remain at the heart
of IHG's global corporate responsibility focus.



IHG offers information and online reservations for all its hotel brands at
www.ihg.com and information for the Priority Club Rewards program at
www.priorityclub.com.



For the latest news from IHG, visit our online Press Office at www.ihg.com/media



Pandox AB



Pandox is one of the leading players in the hotel property market in Europe.
Their portfolio consists of 44 hotels, with a total of approximately 10,000
rooms located in Sweden, Denmark, Germany, Belgium, Switzerland, the UK, the
Bahamas and Canada. Pandox hotels operate under well known international brands,
or through independent distribution channels.



Cadim



Cadim, a division of the Caisse de depot et placement de Quebec and a member of
the Caisse's Real Estate Group, is a global real estate investment manager.
Cadim invests in a diversified range of equity and financing products through a
network of affiliates and prominent partners in the United States, Europe and
Asia. Cadim is an opportunistic investor whose success relies on its capacity to
close large-scale transactions and to take advantage of key leverage
opportunities. As at 31 December 2006, total assets under management totaled
$36.3 billion.




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