InterContinental Hotels Group (IHG) is considering selling its remaining 25 hotels, valued at £1 bn, among which its top-four 'trophy assets', the London, Paris, New York and Hong Kong hotels. In 2006, the hotels group sold 31 Continental European Hotels, valued at £680 mln, in a steadily continued sell-off pressured by shareholders.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
