<SEC-DOCUMENT>0000950103-11-002379.txt : 20110808
<SEC-HEADER>0000950103-11-002379.hdr.sgml : 20110808
<ACCEPTANCE-DATETIME>20110617122540
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950103-11-002379
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20110617

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:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		BROADWATER PARK
		STREET 2:		DENHAM
		CITY:			BUCKINGHAMSHIRE
		STATE:			X0
		ZIP:			UB9 5HJ
		BUSINESS PHONE:		4045513500

	MAIL ADDRESS:	
		STREET 1:		BROADWATER PARK
		STREET 2:		DENHAM
		CITY:			BUCKINGHAMSHIRE
		STATE:			X0
		ZIP:			UB9 5HJ

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIX CONTINENTS PLC
		DATE OF NAME CHANGE:	19950531
</SEC-HEADER>
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<TYPE>CORRESP
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<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Richard L Solomons</font></div>

<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">CFO &amp; Head of Commercial Development &amp; CEO Designate</font></div>
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<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Broadwater Park</font></div>

<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Denham</font></div>

<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Buckinghamshire, UB9 5HR</font></div>

<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Tel: +44(0)1895 512456</font></div>

<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Fax: +44(0)1895 512471</font></div>

<div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Richard.Solomons@ihg.com</font></div>
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<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Mr Kevin Woody</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">17 June 2011</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">InterContinental Hotels Group PLC</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Form 20-F for Fiscal Year Ended</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">December 31, 2010</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Filed April 11, 2011-06-09</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">File No. 001-10409</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Dear Mr Woody,</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Thank you for your letter of June 8, 2011.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">We have carefully considered the letter and respond to the comment raised, as set out below.&#160;&#160;For your convenience, we have included the Staff comment from your letter of June 8, 2011 followed by our response.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Notes to Financial Statements; Note 1 &#8211; Accounting policies; General Information, page F-13</font></font></div>

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<div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">It appears that you have recorded a litigation provision of $22 million for the year ended December 31, 2010.&#160;&#160;Per review of Footnote 7 to your March 31, 2011 financial statements included in Form 6-K filed on May 10, 2011, it appears you recorded an additional $22 million for the three months ended March 31, 2011.&#160;&#160;Please clarify for us if you recorded a $22 million provision in both periods.&#160;&#160;If provisions were recorded in both periods, please tell us the facts and circumstances that led to the additional provision during the first quarter 2011.</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">The facts and circumstances that resulted in the same litigation provision appearing in the two filings are as follows:</font></div>
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<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">On February 23, 2011, the Group received an unfavourable court ruling which resulted in a $22 million award to the plaintiff in the litigation.&#160;&#160;The Group has appealed this award and is awaiting a ruling on the appeal.&#160;&#160;Prior to the February 23 ruling, the Directors&#8217; best estimate of the expenditure required to settle the claim was significantly less than $22 million.&#160;&#160;The Group&#8217;s financial statements for the year ended December 31, 2010 were issued to the UK listing authorities on February 14, 2011 which was before the court&#8217;s ruling.</font></div>
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<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">On April 11, 2011, the Group&#8217;s financial statements for the year ended December 31, 2010 were authorised by the Directors for filing on Form 20-F.&#160;&#160;For the purposes of these financial statements, the events of February 23 constituted an adjusting post balance sheet event in accordance with IAS 10 &#8216;<font style="DISPLAY: inline; FONT-STYLE: italic">Events after the Reporting Period&#8217; </font>as the court ruling provided additional evidence of conditions that existed at December 31, 2010.&#160;&#160;&#160;As a consequence, the Form 20-F financial statements included the $22 million litigation provision in accordance with IAS 37 <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">&#8216;<font style="DISPLAY: inline; FONT-STYLE: italic">Provisions, Contingent Liabilities and Contingent Assets&#8217;</font>, reflecting an update of the Directors&#8217; best estimate of the amount required to settle the litigation.</font></font></div>
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<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">On May 10, 2011, the Group&#8217;s financial statements for the three months ended March 31, 2011 were authorised by the Directors for issue to the UK listing authorities.&#160;&#160;As the December 31, 2010 financial statements issued to the UK listing authorities did not reflect the outcome of the court ruling due to the timing of their authorisation, the $22 million litigation provision required recognition in the results for the three months ended March 31, 2011.&#160;&#160;These were the financial statements that were attached to the Form 6-K furnished with the SEC on May 10, 2011.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">the Company is responsible for the adequacy and accuracy of the disclosure in the filings;</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filings; and</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -43.7pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">We trust that our response to your comment is satisfactory.&#160;&#160;Should you require any further explanations or information please do not hesitate to contact us.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font color="#000000" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font color="#000000" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">/s/ Richard L. Solomons</font></font></div>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
