Skip to content
Menu
CareerMVP
  • Home
  • Search
    • Jobs
    • News
  • Post
    • Nominate
    • Membership
    • Post Jobs
  • Channels
    • BusinessMVP
    • Local Career Sites
    • Trade Publications
    • Local Publications
Close Menu

IHG Announces Acceptance of Offer for InterContinental Paris – Le Grand for €330m

Hospitality, Hotels, Press Releases, Travel IHG

8 December, 2014 – InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announces that it has accepted the offer from Constellation Hotels France Grand SA, an affiliate of Constellation Hotels Holding Limited, to acquire InterContinental Paris – Le Grand for €330 million ($406 million1). The terms of the transaction are unchanged from those announced on 7 August 2014.

IHG’s acceptance of the offer follows the conclusion of the information and consultation period with the relevant hotel employees’ representatives, and the execution of definitive legal documentation.

The transaction is expected to complete by the end of the first quarter of 2015, subject to the satisfaction of certain standard conditions. The proceeds will be used for general corporate purposes.

1 $ equivalents have been converted at current exchange rates with final $ amounts dependent on the exchange rate on the date of completion

SOURCE: InterContinental® Hotels & Resorts

 

Related Posts

Business, Hospitality, Hotels, Press Releases, Travel

Hotel Indigo opening to capture and amplify the unique essence of Melbourne’s Docklands

Business, Hospitality, Hotels, Press Releases, Travel

Crowne Plaza® Hotels in Mexico, Latin America and the Caribbean Announce Expansive Renovations

Business, Hospitality, Hotels, Press Releases, Travel

IHG Announces Construction Milestone at InterContinental Hotel Coming to the Minneapolis-St. Paul International Airport

Featured Jobs

  • MGR- OBSERVATION CENTER 8SOUTH

    • Lansing, MI
    • Sparrow Health System
    • Full Time
  • SURG TECHNOLOGIST-CERT

    • Lansing, MI
    • Sparrow Health System
    • Full Time
  • ADM – ORTHOPEDICS 6W

    • Lansing, MI
    • Sparrow Health System
    • Full Time
  • ADM – MEDICAL ICU 10W

    • Lansing, MI
    • Sparrow Health System
    • Full Time
  • SHS-MGR CLINICAL INTEGRATION

    • Lansing, MI
    • Sparrow Health System
    • Full Time
  • Warehouse Worker/ Material Handler- PT-$14.08 an hour plus benefits

    • Great Falls, MT
    • FedEx Express
    • Part Time
  • Full Time Courier Delivery Driver-Swing, $18.86 HR with Benefits

    • Pierre, SD
    • FedEx Express
    • Full Time

Featured News

  • Dollar General to Hire Up to 50,000 New Employees to Support Operations
  • Dollar General Announces Approximately $35 Million Investment in Employees, 50,000 New Hires
  • U.S. Bank announces 20% Premium Pay Program for employees and $30M commitment to support individual and small business recovery
  • CVS Health to provide bonuses, add benefits and hire 50,000 in response to pandemic
  • Papa John’s to Hire 20,000 New Team Members Immediately
Back To Top
CareerMVP
Copyright © BusinessMVP.com
All Rights Reserved!