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<SEC-DOCUMENT>0001191638-04-001245.txt : 20040712
<SEC-HEADER>0001191638-04-001245.hdr.sgml : 20040712
<ACCEPTANCE-DATETIME>20040712062056
ACCESSION NUMBER:		0001191638-04-001245
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040712
FILED AS OF DATE:		20040712

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERCONTINENTAL HOTELS GROUP PLC /NEW/
		CENTRAL INDEX KEY:			0000858446
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				250420260
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10409
		FILM NUMBER:		04909123

	BUSINESS ADDRESS:	
		STREET 1:		20 NORTH AUDLEY ST
		CITY:			LONDON WIY 1WE ENGLA
		STATE:			X0
		ZIP:			32822
		BUSINESS PHONE:		4045513500

	MAIL ADDRESS:	
		STREET 1:		20 NORTH AUDLEY ST
		STREET 2:		-
		CITY:			LONDON ENGLAND
		STATE:			X0
		ZIP:			W1K 6WN

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIX CONTINENTS PLC
		DATE OF NAME CHANGE:	19950531
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ihg200407126k.htm
<DESCRIPTION>IHG MARKETS GBP500M OF HOTELS
<TEXT>
<html>
<head><title></title></head><body>

<p align="center"><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p align="center"><font size="2">Washington DC 20549</font></p>

<p align="center"><font size="4"><b>FORM 6-K</b></font></p>

<p align="center"><font size="2">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF<br>
THE SECURITIES EXCHANGE ACT OF 1934</font></p>

<p align="center"><font size="2">For 12 July 2004</font></p>
<p align="center"><font size="4"><b>InterContinental Hotels Group PLC</b><br>
(Registrant's name)</font></p>

<p align="center"><font size="2">67 Alma Road, Windsor, Berkshire, SL4 3HD, England<br>
(Address of principal executive offices)</font></p>


<p align="left"><font size="2">Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.</font></p>

<p align="center"><font size="2">Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Form 40-F</font></p>

<p align="left"><font size="2">Indicate by check mark whether the registrant by furnishing
the information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></p>

<p align="center"><font size="2">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No</font></p>

<p align="left"><font size="2">If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): Not applicable</font></p>


<hr noshade align="center" width="100%" size="2">

<p align="center"><font size="2">EXHIBIT INDEX</font></p>

<p align="left"><font size="2">Exhibit Number&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit Description</font></p>
<p align="left"><font size="2">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IHG Markets GBP5000m of hotels dated 12 July 2004</font></p>


<hr noshade align="center" width="100%" size="2">




<P ALIGN="CENTER"><FONT FACE="Arial" SIZE="3"><b>INTERCONTINENTAL HOTELS GROUP PLACES A FURTHER GBP500M OF HOTELS ON THE MARKET FOR
                                    DISPOSAL</b></FONT></p>



<P ALIGN="LEFT"><FONT FACE="Arial" SIZE="3">InterContinental Hotels Group PLC ("IHG") announces that it has today placed the
next tranche of hotels on the market with a net book value of approximately
GBP500m. This is in line with the statement in IHG's first quarter results
announcement on 27 May 2004 that as part of the continuation of its strategy of
continuing to grow its management and franchise businesses and reducing asset
ownership, it intended to dispose of approximately a further GBP500m of hotel
assets.<br><br>



The hotels earmarked for disposal are predominantly in North America and include
the InterContinental hotels in Miami and Chicago as well as other
InterContinentals and hotels under the Crowne Plaza and Holiday Inn brands.<br><br>



These hotels are expected to generate approximately GBP15m of EBIT and GBP39m of
EBITDA in 2004 and the intention is to retain management contracts. Hotels will
only be sold providing satisfactory prices are achieved.<br><br>



In addition to the hotels placed on the market today, IHG continues actively to
progress the sale of the GBP129m of hotels highlighted in the May 27 announcement.
Of these, the Group has completed the sale of two hotels with proceeds of more
than GBP17m - the Holiday Inn, Gatwick, UK and the Holiday Inn , Adelaide,
Australia.<br><br>



Therefore, since demerger in April 2003 IHG has now sold a total of 28 hotels
generating proceeds of more than GBP320m, with aggregate proceeds above net book
value. Today's announcement takes the total net book value of hotels sold or
being actively marketed to almost GBP1bn.<br><br>



An update on progress, potential further disposals and return of capital to
shareholders will be provided at IHG's interim results presentation on September
9 2004. To date IHG has purchased GBP138m of shares as part of the current GBP250m
buyback programme. This equates to approximately 27 million shares at an average
price of around 512p.<br><br>



Commenting on the announcement Richard North, Chief Executive, IHG, said:<br><br>



"Today's announcement is a further step in the execution of our strategy of
reducing the capital intensity of the business and enhancing return on capital.
We will continue to grow our already large managed and franchise businesses by
capitalising on the strength of our brands and proven franchise and hotel
management skills."<br><br>






<b>Appendix 1: Summary detail of disposals and properties for sale to date (since
demerger)</b><br><br>





Sold to date: 28 hotels (4146 rooms), sale proceeds of GBP323m</font></p>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH COLSPAN=2></TH>
     <TH COLSPAN=2></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=70% ALIGN=LEFT>IC Mayfair, UK</TD>
     <TD WIDTH=7% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=21% ALIGN=LEFT>289 rooms</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>IC Central Park South, USA</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>208 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CP Midland Manchester, UK</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>303 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CP Vanuatu, Vanuatu</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>140 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>HI South Bend, USA</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>229 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>HI Sheffield West, UK</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>138 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>HI Middlesborough/Teeside, UK</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>134 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>HI Gatwick Crawley, UK</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>217 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>HI Newcastle, Aus</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>72 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>HI Adelaide, Aus</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>193 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>HI Darwin, Aus</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>183 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Posthouse Epping, UK</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>79 rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>16 Staybridge Suites, USA</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>1961rooms</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
</TABLE>





<P ALIGN="LEFT"><FONT FACE="Arial" SIZE="3">Currently on market: 13 hotels, net book value of GBP110m<br><br>

Comprising: IC Edinburgh, CP United Nations, New York , 11 others<br><br>

New to market today: 20 hotels, net book value GBP512m<br><br>

Comprising: IC Miami, IC Chicago, 18 other hotels<br><br>

Total number of hotels disposed and for sale: 61 hotels, GBP945m net book value<br><br>



<B>For further information, please contact:</B></font></p>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH COLSPAN=2></TH>
     <TH COLSPAN=2></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=56% ALIGN=LEFT>Gavin Flynn, Investor Relations</TD>
     <TD WIDTH=5% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=37% ALIGN=LEFT>+44 (0) 1753 410 238</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Dee Cayhill, Corporate Affairs</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>+44 (0) 1753 410 423</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
</TABLE>




<P ALIGN="LEFT"><FONT FACE="Arial" SIZE="3"><b>NOTES TO EDITORS</b></font></p>



<P ALIGN="LEFT"><FONT FACE="Arial" SIZE="2"><b>INTERCONTINENTAL HOTELS GROUP PLC</B><BR><BR>



InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the largest hotel company by number of rooms.  InterContinental
Hotels Group owns, manages, leases or franchises, through various subsidiaries,
more than 3,500 hotels and 538,000 guest rooms in nearly 100 countries and
territories around the world (www.ichotelsgroup.com). The Group owns a portfolio
of well recognised and respected hotel brands including InterContinental<sup>&#174;</sup>
Hotels &amp; Resorts, Crowne Plaza<sup>&#174;</sup> Hotels &amp; Resorts, Holiday Inn <sup>&#174;</sup> Hotels and
Resorts, Holiday Inn Express<sup>&#174;</sup>, Staybridge Suites<sup>&#174;</sup>, Candlewood Suites<sup>&#174;</sup>, and
Hotel Indigo<sup>&#174;</sup>, and also has a controlling interest in Britvic, the second
largest soft drinks manufacturer in the UK.<BR><BR>



InterContinental Hotels Group offers information and reservations capability on
the Internet - www.intercontinental.com for InterContinental Hotels &amp; Resorts,
www.crowneplaza.com for Crowne Plaza Hotels &amp; Resorts, www.holiday-inn.com for
Holiday Inn hotels, www.hiexpress.com for Holiday Inn Express hotels,
www.staybridge.com for Staybridge Suites by Holiday Inn hotels,  and
www.candlewoodsuites.com for Candlewood Suites, and for the Group's rewards
programme, www.priorityclub.com.<BR><BR>



For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.pressoffice.ihgplc.com.</font></p>

<p align="center"><font size="2">SIGNATURES</font></p>

<p align="left"><font size="2">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.</font></p>



  <table border="0" width="100%" cellspacing="0" cellpadding="0">
    <tr valign="bottom">
      <td align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td width="5%" align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td width="45%" align="left"><font size="2" face="serif"><b>InterContinental
            Hotels Group PLC</b></font></td>
    </tr>
    <tr valign="bottom">
      <td align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td align="left"><font size="2" face="serif">(Registrant)</font></td>
    </tr>
    <tr valign="bottom">
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td align="left"><font size="2" face="serif">By:</font></td>
      <td align="left"><font size="2" face="serif"><u>/s/ C. Cox </u></font></td>
    </tr>
    <tr valign="bottom">
      <td align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td align="left"><font size="2" face="serif">Name:</font></td>
      <td align="left"><font size="2" face="serif">C. COX</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td align="left"><font size="2" face="serif">Title:</font></td>
      <td align="left"><font size="2" face="serif">COMPANY SECRETARIAL OFFICER</font></td>
    </tr>
    <tr valign="bottom">
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td align="left"><font size="2" face="serif">&nbsp;</font></td>
      <td align="left"><font size="2" face="serif">Date: </font></td>
      <td align="left"><font size="2" face="serif">12 July 2004</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="left">&nbsp;</td>
    </tr>
  </table>


</body></html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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