Breaking Travel News

IHG Announces Sale of Amsterdam Hotel

InterContinental Hotels Group PLC today announces it has sold the Crowne
Plaza, American in Amsterdam to The Eden Hotel Group, for Euro 37 million (£25
million), equivalent to net book value. The transaction, a sale of the company which
owns the hotel, completed today. Proceeds will be used for general corporate
purposes.The Crowne Plaza, American (174 rooms) will leave the IHG system.