FlyerTalk Forums - View Single Post - Master List of New Hotels and Disposals

Dec 9, 2014 | 1:47 pm

#1109

sdsearch

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Join Date: Jan 2005

Location: home = LAX

Posts: 26,107

Quote:

Originally Posted by mitpat474

IHG PLG sold:

http://buyingbusinesstravel.com/news...and-hotel-sale

Management contract up to 60 years and 60 million euro investment due at the property.

1. It's Paris Le Grand. (Not everyone knows every abbreviation for every IHG hotel.

)

2. It's sold, but not every IHG hotel is owned by IHG. The article you linked says:

"IHG will retain a 30-year management contract on the hotel."

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