SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For 4 March 2005
InterContinental Hotels Group PLC
(Registrant's name)
67 Alma Road, Windsor, Berkshire, SL4 3HD, England
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F Form 40-F
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.
Yes No
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable
EXHIBIT INDEX
| Exhibit Number | Exhibit Description | ||||
| 99.1 | Holding(s) in Company dated 18 February 2005 | ||||
| 99.2 | Disposal dated 28 February 2005 | ||||
| 99.3 | Disposal dated 4 March 2005 | ||||
Exhibit 99.1
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1) Name of company
InterContinental Hotels Group PLC
2) Name of shareholder having a major interest
Dodge & Cox Investment Managers
3) Please state whether notification indicates that it is in respect of
holding of the shareholder names in 2 above or in respect of a non
beneficial interest or in the case of an individual holder if it is a holding
of that person's spouse or children under the age of 18
Non-beneficial interest
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
Dodge & Cox Investment Managers
5) Number of shares/amount of stock acquired
N/A
6) Percentage of issued class
N/A
7) Number of shares/amount of stock disposed
Not advised
8) Percentage of issued class
N/A
9) Class of security
Ordinary shares of 112 pence each
10) Date of transaction
11 February 2005
11) Date company informed
16 February 2005
12) Total holding following this notification
17,431,926
13) Total percentage holding of issued class following this notification
2.81% (no longer a notifiable interest)
14) Any additional information
N/A
15) Name of contact and telephone number for queries
Catherine Springett 01753 410 242
16) Name and signature of authorised company official responsible for
making this notification
Catherine Springett
17) Date of notification
18 February 2005
Exhibit 99.2
28 February 2005
INTERCONTINENTAL HOTELS GROUP ANNOUNCES DISPOSAL OF MAJORITY INTERESTS IN TWO
INTERCONTINENTAL HOTELS IN UNITED STATES
InterContinental Hotels Group PLC ("IHG") today announces it has agreed the
acquisition by Strategic Hotel Capital, Inc. ("SHC") of 85% interests in two
hotels in the United States. IHG will receive approximately $287m in cash
(before transaction costs) based upon a total value for both hotels of
US$303.5m, $12m in excess of net book value.
The two hotels, the InterContinental Chicago (807 rooms) and the
InterContinental Miami (641 rooms), will continue to be managed by IHG under new
20 year management contracts. IHG has three consecutive options of ten years
each to renew the management contracts, giving a total potential contract length
of 50 years.
The transaction is expected to complete in the first half of 2005, with IHG
retaining a 15% ownership interest in two partnerships that hold the two hotels.
Richard Solomons, finance director of IHG, commented:
"By retaining high quality management contracts, this deal ensures long term
representation of the InterContinental brand on these landmark properties and
reinforces our position as a manager of top quality international hotels. This
also enables us to free up capital from our real estate in a value-creative way,
and to extend our good relationship with Strategic Hotel Capital."
Further transaction details
1. The management contracts signed in respect of the InterContinental Miami and
the InterContinental Chicago will generate ongoing management fees for IHG,
consisting of a base fee calculated as a rising percentage of revenues and an
incentive fee based on hotel cashflow, and additionally a partnership return
from its 15% retained interest.
2. The tax potentially payable on these transactions has already been largely
provided for. The 2005 tax charge to the profit and loss arising from the
transaction should not exceed $13m and the cash tax payable in 2005 should not
exceed $6m.
3. The partnerships will be approximately 65% debt financed. IHG's interests in
the partnerships have a book value of $16m.
Since Separation in April 2003, IHG has disposed of or agreed to dispose of 47
hotels (including those in today's announcement) with proceeds of approximately
GBP730m. 90 properties remain on the market with a net book value of GBP1.5 bn.
Transactions announced today: 85% interests in two hotels, 1,448 rooms, based on
total value for the two hotels of $303.5m.
Financial results for the two hotels
(100% interest) 2004e 2003
$m $m
Revenue 93 89
EBITDA 27 25
EBIT 15 12
Hotel Rooms
IC Chicago 807
IC Miami 641
Hotels disposed of or agreed to be disposed of since separation:
Hotel Location Rooms
IC Austin US 189
IC Central Park South US 208
IC Chicago US 807
IC Houston US 485
IC Miami US 641
IC San Juan Puerto Rico 402
IC Toronto Canada 210
IC Mayfair UK 289
CP Hilton Head US 340
CP Los Angeles Airport US 613
CP Redondo Beach US 346
CP White Plains US 401
CP Midland Manchester UK 303
CP Vanuatu Vanuatu 140
HI Anaheim US 264
HI Atlanta Airport US 190
HI Memphis US 243
HI South Bend US 229
HI Gatwick Crawley UK 217
HI Middlesbrough/Teeside UK 134
HI Preston UK 129
HI Plymouth UK 112
HI Sheffield West UK 138
HI Swansea UK 106
Location Rooms
HI Adelaide Australia 193
HI Darwin Australia 183
HI Newcastle Australia 72
SBS Alpharetta US 118
SBS Anaheim US 143
SBS Atlanta Perimeter US 143
SBS Auburn Hills US 118
SBS Austin US 121
SBS Boston US 133
SBS Burlington US 141
SBS Carmel Mountain US 116
SBS Charlotte US 117
SBS Columbia US 118
SBS Denver US 115
SBS Eatontown US 131
SBS Fort Lauderdale US 141
SBS Houston Galleria US 93
SBS Myrtle Beach US 119
SBS Portland US 117
SBS San Antonio US 118
SBS Sorrento US 131
SBS Toronto Markham Canada 120
Posthouse Epping UK 79
Total 47 10,016
For further information, please contact:
Investor Relations (Gavin Flynn, Paul Edgecliffe-Johnson): +44 (0) 1753 410 176
+44 (0) 7808 098 972
Media Enquiries (Leslie McGibbon): +44 (0) 1753 410 425
+44 (0) 7808 094 471
Notes to Editors
InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel company by number of rooms.
InterContinental Hotels Group franchises, manages, leases or owns, through
various subsidiaries, more than 3,500 hotels and 536,000 guest rooms in nearly
100 countries and territories around the world. The Group owns a portfolio of
well recognised and respected hotel brands including InterContinental® Hotels
& Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®) Hotels and Resorts,
Holiday Inn Expressv, Staybridge Suites®, Candlewood Suites® and Hotel
Indigo™, and also manages the world's largest hotel loyalty program, Priority
Club®) Rewards, with more than 23 million members worldwide. In addition to
this, InterContinental Hotels Group has a controlling interest in Britvic, the
second largest soft drinks manufacturer in the UK.
For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.ihgplc.com/media
Exhibit 99.3
4 March 2005
INTERCONTINENTAL HOTELS GROUP ANNOUNCES SALE OF
CROWNE PLAZA AMERICAN HOTEL, AMSTERDAM
InterContinental Hotels Group PLC ("IHG") today announces it has sold the Crowne
Plaza, American in Amsterdam to The Eden Hotel Group, for Euro 37 million (£25
million), equivalent to net book value. The transaction, a sale of the company
which owns the hotel, completed today. Proceeds will be used for general
corporate purposes.
The Crowne Plaza, American (174 rooms) will leave the IHG system.
Further transaction details
1. No tax is payable on IHG's sale of the company which owns Crowne Plaza
American.
Since Separation in April 2003, including today's announcement, IHG has sold or
agreed to sell 48 hotels with proceeds of approximately £750 million. 89
properties remain on the market with a net book value of £1.5 billion.
Crowne Plaza American, Amsterdam disposal announced today:
| 2004e | 2003 | ||||
| £m | £m | ||||
| Revenue | 7.9 | 7.7 | |||
| EBITDA | 2.4 | 2.2 | |||
| EBIT | 1.7 | 1.3 | |||
Hotels disposed of or agreed to be disposed of since separation:
| Hotel | Location | Rooms | |||
| IC Austin | US | 189 | |||
| IC Central Park South | US | 208 | |||
| IC Chicago | US | 807 | |||
| IC Houston | US | 485 | |||
| IC Miami | US | 641 | |||
| IC San Juan | Puerto Rico | 402 | |||
| IC Toronto | Canada | 210 | |||
| IC Mayfair | UK | 289 | |||
| CP Amsterdam | Netherlands | 174 | |||
| CP Hilton Head | US | 340 | |||
| CP Los Angeles Airport | US | 613 | |||
| CP Redondo Beach | US | 346 | |||
| CP White Plains | US | 401 | |||
| CP Midland Manchester | UK | 303 | |||
| CP Vanuatu | Vanuatu | 140 | |||
| HI Anaheim | US | 264 | |||
| HI Atlanta Airport | US | 190 | |||
| HI Memphis | US | 243 | |||
| HI South Bend | US | 229 | |||
| HI Gatwick Crawley | UK | 217 | |||
| HI Middlesbrough/Teeside | UK | 134 | |||
| HI Preston | UK | 129 | |||
| HI Plymouth | UK | 112 | |||
| HI Sheffield West | UK | 138 | |||
| HI Swansea | UK | 106 | |||
| HI Adelaide | Australia | 193 | |||
| HI Darwin | Australia | 183 | |||
| HI Newcastle | Australia | 72 | |||
| SBS Alpharetta | US | 118 | |||
| SBS Anaheim | US | 143 | |||
| SBS Atlanta Perimeter | US | 143 | |||
| SBS Auburn Hills | US | 118 | |||
| SBS Austin | US | 121 | |||
| SBS Boston | US | 133 | |||
| SBS Burlington | US | 141 | |||
| SBS Carmel Mountain | US | 116 | |||
| SBS Charlotte | US | 117 | |||
| SBS Columbia | US | 118 | |||
| SBS Denver | US | 115 | |||
| SBS Eatontown | US | 131 | |||
| SBS Fort Lauderdale | US | 141 | |||
| SBS Houston Galleria | US | 93 | |||
| SBS Myrtle Beach | US | 119 | |||
| SBS Portland | US | 117 | |||
| SBS San Antonio | US | 118 | |||
| SBS Sorrento | US | 131 | |||
| SBS Toronto Markham | Canada | 120 | |||
| Posthouse Epping | UK | 79 | |||
| Total | 48 | 10,190 | |||
For further information, please contact:
| Investor Relations (Gavin Flynn, Paul Edgecliffe-Johnson): | +44 (0) 1753 410 176 +44 (0) 7808 098 972 |
||
| Media Enquiries (Leslie McGibbon): | +44 (0) 1753 410 423 +44 (0) 7808 094 471 | ||
Notes to Editors
InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel company by number of rooms.
InterContinental Hotels Group franchises, manages, leases or owns, through
various subsidiaries, more than 3,500 hotels and 536,000 guest rooms in nearly
100 countries and territories around the world. The Group owns a portfolio of
well recognised and respected hotel brands including InterContinental® Hotels
& Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts,
Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel
Indigo™, and also manages the world's largest hotel loyalty program, Priority
Club® Rewards, with more than 23 million members worldwide. In addition to
this, InterContinental Hotels Group has a controlling interest in Britvic, the
second largest soft drinks manufacturer in the UK.
For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.ihgplc.com/media
SIGNATURES
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.
| InterContinental Hotels Group PLC | ||
| (Registrant) | ||
| By: | /s/ C. Cox | |
| Name: | C. COX | |
| Title: | COMPANY SECRETARIAL OFFICER | |
| Date: | 4 March 2005 | |