Disposal

InterContinental Hotels Group PLC
24 February 2004





24 February 2004





                  InterContinental Hotels Group PLC Announces

                 Sale of Crowne Plaza The Midland in Manchester





InterContinental Hotels Group PLC today announces it has sold its share of
Midland Hotel and Conference Centre Limited (MHCCL), the holding company for the
Crowne Plaza The Midland in Manchester, to Quintessential Hotels Ltd for a total
consideration of £20million in cash.



InterContinental Hotels Group's interest in MHCCL totalled 56% with the
remaining interest held by Modesole Limited and Northern Assurance Limited.
Quintessential Hotels Ltd is buying 100% of MHCCL for a total consideration of
£36m.



Net proceeds comfortably exceed the book value of the investment and the sale
will be marginally earnings accretive for the year to December 2004.



InterContinental Hotels Group continues to be appropriately represented in the
city, with the Crowne Plaza Manchester Airport and two Express by Holiday Inn
properties in the Manchester area.



Richard North, chief executive, for InterContinental Hotels Group said:
"This is yet another example of us doing what we said we would do - reducing
asset intensity to enhance shareholder returns. We are delighted to have
achieved such an excellent price for our share in this hotel.  Our guests will
continue to be well served by our other three IHG hotels in the Manchester 
area."

                                     -ends-



For further information, please contact:



Karen Whitworth, Investor Relations                      [phone]

Dee Cayhill, Corporate Affairs                           [phone]





Note to Editors:

InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)), owns, manages, leases or franchises, through various subsidiaries, more
than 3,400 hotels and 530,000 guest rooms in nearly 100 countries and
territories around the world (www.ichotelsgroup.com). The Group owns a portfolio
of well recognised and respected hotel brands including InterContinental(R)
Hotels & Resorts, Crowne Plaza(R) Hotels & Resorts, Holiday Inn (R) Hotels and
Resorts, Holiday Inn Express(R), Staybridge Suites(R), and Candlewood Suites(R),
and also has a controlling interest in Britvic, the second largest soft drinks
manufacturer in the UK.



InterContinental Hotels Group offers information and reservations capability on
the Internet - www.intercontinental.com for InterContinental Hotels & Resorts,
www.crowneplaza.com for Crowne Plaza Hotels & Resorts, www.holiday-inn.com for
Holiday Inn hotels, www.hiexpress.com for Holiday Inn Express hotels,
www.staybridge.com for Staybridge Suites by Holiday Inn hotels, and
www.candlewoodsuites.com for Candlewood Suites, and for the Group's rewards
programme, www.priorityclub.com



For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.pressoffice.ihgplc.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange