InterContinental Hotels Group has announces it has agreed to sell InterContinental London Park Lane to Constellation Hotel UK, which is an affiliate of Constellation Hotels, a Middle Eastern private investment group. IHG’s leasehold interest in the hotel has been sold for gross cash proceeds of £301.5 million, 62 per cent above December 31st 2012 net book value.
InterContinental London Park Lane has announced two new appointments to the fast expanding sales team. Lucy Sikora has been promoted to Business Development Manager UK MICE and Caroline Lewis enters InterContinental London Park Lane as Business Development Manager for Groups and Leisure.
The second edition of InterContinental London Park Lane’s Insider (available now in-room to all guests and online at http://on.fb.me/GDrp0s) celebrates spring with a seasonal guide to London and the historic celebrations happening over the coming months.