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Sales of shares in FelCor Lodging Trust Incorporated

Sales of shares in FelCor Lodging Trust Incorporated

Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2006-02-10

InterContinental Hotels Group PLC (“IHG”) today announces the sale of 9.5 million shares in FelCor Lodging Trust Incorporated (“FelCor”) for USD19 per share, a total of USD180.5million. The shares were held in IHG’s accounts at market value, which on 30th September 2005 was $15.15 per share.

This sale follows IHG’s renegotiation of its management agreement with FelCor, announced on 25 January 2006



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