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 | |