{"id":33678,"date":"2006-07-24T05:58:54","date_gmt":"2006-07-23T21:58:54","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2006\/07\/24\/morgan-stanley-funds-to-buy-ihg-hotels\/"},"modified":"2006-07-24T05:58:54","modified_gmt":"2006-07-23T21:58:54","slug":"morgan-stanley-funds-to-buy-ihg-hotels","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2006\/07\/24\/33678\/","title":{"rendered":"Morgan Stanley Funds To Buy IHG Hotels"},"content":{"rendered":"<p>InterContinental Hotels Group has agreed to sell seven European hotels to Morgan Stanley Real Estate Funds for US$810 million.<!--more--><\/p>\n<p>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, according to the company.<\/p>\n<p>The transaction is expected to be completed in the third quarter, subject to certain conditions including EU merger clearance.<\/p>\n<p>Proceeds received from the disposal will be used for investment, returns to shareholders, and managing IHG's level of debt, according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterContinental Hotels Group has agreed to sell seven European hotels to Morgan Stanley Real Estate Funds for US$810 million.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-33678","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=33678"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33678\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=33678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=33678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=33678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}