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 21 July 2006
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 |
Transaction in Own Shares dated 7 July 2006 | ||||
| 99.2 | Transaction in Own Shares dated 10 July 2006 | ||||
| 99.3 | Transaction in Own Shares dated 11 July 2006 | ||||
| 99.4 | Transaction in Own Shares dated 12 July 2006 | ||||
| 99.5 | Sale of 7 Hotels in Europe dated 13 July 2006 | ||||
| 99.6 | Transaction in Own Shares dated 13 July 2006 | ||||
| 99.7 | Transaction in Own Shares dated 14 July 2006 | ||||
| 99.8 | Transaction in Own Shares dated 17 July 2006 | ||||
| 99.9 | Holding(s) in Company dated 18 July 2006 | ||||
| 99.10 | Transaction in Own Shares dated 18 July 2006 | ||||
| 99.11 | Transaction in Own Shares dated 19 July 2006 | ||||
| 99.12 | Share Buyback Programme dated 20 July 2006 | ||||
| 99.13 | Transaction in Own Shares dated 20 July 2006 | ||||
99.1
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 100,000 of its ordinary shares at a price of 950.74p per share.
99.2
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 100,000 of its ordinary shares at a price of 951.28p per share.
99.3
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 100,000 of its ordinary shares at a price of 954.31p per share.
99.4
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 100,000 of its ordinary shares at a price of 953.17p per share.
99.5
13 July 2006
INTERCONTINENTAL HOTELS GROUP
SALE OF SEVEN HOTELS IN CONTINENTAL EUROPE FOR €634MILLION (£440m)
InterContinental Hotels Group PLC ("IHG") today announces it has agreed to sell
a portfolio of seven InterContinental branded hotels (2,537 rooms) located in
Continental Europe to the Morgan Stanley Real Estate Funds ("MSREF"). IHG
previously announced in January 2006 that these hotels had been put on the
market.
IHG has retained 30 year management contracts on the hotels, with two 10 year
renewals at IHG's discretion giving a total potential contract length of 50
years. These long term contracts ensure the representation of the
InterContinental brand in these important locations. IHG and MSREF have
separately reached preliminary agreement on converting further hotels comprising
up to 1,000 rooms to IHG's brands, and are exploring other opportunities where
IHG's brand family complements MSREF's asset portfolio.
The portfolio has been sold for €634m (£440m(1)) in cash before transaction
costs, approximately €80m above net book value of approximately €550m, with no
material tax charge arising. In addition, MSREF has agreed to make capital
investments in the portfolio for approximately €60m, including implementing new
brand initiatives and adding further facilities to these prestigious hotels.
The transaction is expected to complete in the third quarter of 2006, subject to
the satisfaction of certain conditions including EU merger clearance. Proceeds
received from the disposal will be used for investment, returns to shareholders,
and managing IHG's level of debt.
In 2005, these seven hotels generated revenues of €185m, €42m and EBIT
of €23m before management fees. Normalised management fees from the management
contracts are expected to be approximately €10m per annum going forward.
On completion of this transaction, IHG will have sold 175 hotels with a net
asset value of more than £2.8bn since separation from Six Continents in April
2003. IHG has retained over 90% of sold properties under its brand flags, as
part of its strategy to grow its managed and franchised business and reduce
asset ownership. Aggregate proceeds received to date have been above net asset
value. IHG has announced the return of £2.75bn to shareholders, of which £2.6bn
has already been completed.
Andrew Cosslett, Chief Executive of IHG, commented:
"This deal is a significant step for IHG as we near the conclusion of our asset
disposal programme. MSREF is a highly respected real estate investor and will be
a strong business partner. We look forward to working with them and developing
our relationship. Looking ahead, IHG is fully focused on its growth target of
adding 50,000 to 60,000 rooms to our portfolio on a net and organic basis by the
end of 2008."
Struan Robertson, Managing Director, Head of Morgan Stanley Real Estate Europe &
Middle East, commented:
"With this transaction MSREF is extending its hotel investment business into
Europe. We are pleased to be working with InterContinental Hotels Group, and the
prestigious InterContinental brand, and look forward to expanding our
involvement with them around the world. At the same time we are establishing a
specialised hotel asset management platform to ensure the highest quality
interaction with our hotel operating partners across the region."
For further information, please contact:
Investor Relations (Paul Edgecliffe-Johnson): +44 (0) 1753 410 176
Media Enquiries (Leslie McGibbon): +44 (0) 1753 410 425
+44 (0) 7808 094 471
Transaction details:
1. The purchasing entity is a company ultimately controlled by MSREF.
2. The net book value of the assets sold was approximately €550m.
3. No material tax charge arises as a result of the transaction. A deferred tax
provision of approximately €120m in relation to the assets will be released on
completion.
Disposals announced today:
2005
€m
Revenue 185
EBITDA* 42
EBIT* 23
*Before management fees
Hotel Rooms
InterContinental Amstel Amsterdam 79
InterContinental Budapest 398
InterContinental Carlton Cannes 338
InterContinental De La Ville Rome 192
InterContinental Frankfurt 770
InterContinental Madrid 307
InterContinental Vienna 453
Total 2,537
Note to Editors:
InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel group by number of rooms. InterContinental
Hotels Group owns, manages, leases or franchises, through various subsidiaries,
over 3,600 hotels and 537,000 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 programme, Priority Club®
Rewards.
InterContinental Hotels Group offers information and online reservations for all
its hotel brands at www.ichotelsgroup.com and information for the Priority Club
Rewards programme at www.priorityclub.com.
For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.ihgplc.com/media.
About Morgan Stanley Real Estate
Morgan Stanley Real Estate is comprised of three major global businesses:
Investing, Banking, and Lending. Since 1991, Morgan Stanley has acquired $87.7
billion of real estate assets worldwide and currently manages $50.9 billion in
real estate assets on behalf of its clients. In addition, Morgan Stanley Real
Estate provides a complete range of market-leading investment banking services
to its clients including advice on strategy, mergers, acquisitions and
restructurings, as well as underwriting public and private debt and equity
financings. Morgan Stanley is also a global leader in real estate lending and,
using its own capital, originated upwards of $26 billion in commercial mortgages
in 2005. For more information about Morgan Stanley Real Estate, go to
www.morganstanley.com/realestate.
Morgan Stanley (NYSE: MS) is a global financial services firm and a market
leader in securities, investment management, and credit services. With more than
600 offices in 30 countries, Morgan Stanley connects people, ideas and capital
to help clients achieve their financial aspirations.
--------------------------
(1) Exchange rate as of 10 July 2006
99.6
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 250,000 of its ordinary shares at a price of 849.73p per share.
99.7
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 900,000 of its ordinary shares at a price of 923.7086p per share.
99.8
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 500,000 of its ordinary shares at a price of 910.0754p per share.
99.9
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1) Name of company
InterContinental Hotels Group PLC
2) Name of shareholder having a major interest
Barclays PLC
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
Beneficial interest
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
Beneficial interest
5) Number of shares/amount of stock acquired
Not notified
6) Percentage of issued class
N/A
7) Number of shares/amount of stock disposed
N/A
8) Percentage of issued class
N/A
9) Class of security
Ordinary shares of 11 3/7p each
10) Date of transaction
12 July 2006
11) Date company informed
17 July 2006
12) Total holding following this notification
Not notified
13) Total percentage holding of issued class following this notification
Below 3%
14) Any additional information
N/A
15) Name of contact and telephone number for queries
Liz Lane 01753 410 246
16) Name and signature of authorised company official responsible for
making this notification
Liz Lane
17) Date of notification
18 July 2006
99.10
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 190,000 of its ordinary shares at a price of 908.2147p per share.
99.11
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 117,000 of its ordinary shares at a price of 910.63p per share.
99.12
20 July 2006
SHARE BUYBACK PROGRAMME
InterContinental Hotels Group PLC ("InterContinental Hotels" or "the Company")
announces that the company has entered into an irrevocable and non-discretionary
arrangement with its broker, JPMorgan Cazenove Limited, to repurchase on its
behalf and within certain pre-set parameters, ordinary shares in the Company for
cancellation during the period commencing on 24 July 2006 and ending on 22
August 2006.
This arrangement is in accordance with Chapter 12 of the Listing Rules and the
Company's general authority to repurchase shares.
For further information, please contact:
Investor Relations (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
Note to Editors:
InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel group by number of rooms. InterContinental
Hotels Group owns, manages, leases or franchises, through various subsidiaries,
over 3,600 hotels and 537,000 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 programme, Priority Club®
Rewards.
InterContinental Hotels Group offers information and online reservations for all
its hotel brands at www.ichotelsgroup.com and information for the Priority Club
Rewards programme at www.priorityclub.com.
For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.ihgplc.com/media.
99.13
Intercontinental Hotels Group plc: Purchase of Own Shares Intercontinental Hotels Group plc announces that today it purchased for cancellation 190,000 of its ordinary shares at a price of 924.9379p per share.
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: | 21 July 2006 | |