EMEA assets on market

InterContinental Hotels Group PLC
31 January 2006


31 January 2006


       INTERCONTINENTAL HOTELS GROUP PLACES EUROPEAN ASSETS ON THE MARKET


InterContinental Hotels Group PLC ("IHG") announces that it has today placed a
further portfolio of seven hotels on the market for disposal. These hotels are
located in Continental Europe and all operate under the InterContinental brand.
They comprise the InterContinental Amstel Amsterdam, InterContinental Budapest,
InterContinental Carlton Cannes, InterContinental De La Ville Rome,
InterContinental Frankfurt, InterContinental Madrid and the InterContinental
Vienna.

These hotels are all being marketed with an IHG management contract. It is
expected that, as with previous portfolio disposals, it will take up to nine
months to complete the disposal process. Jones Lang LaSalle and Merrill Lynch
are advising IHG on the transaction.

IHG also intends to dispose of a portfolio of owned mid-scale European hotels,
which are expected to remain under IHG's brands. The timing and structure of the
sale process for this portfolio will be announced in due course.

These two portfolios of hotels have a net book value of approximately £600m, and
constitute the final tranche of hotels that IHG had previously announced it
would sell. These two portfolios generated revenues of EUR 310m, EBIT of EUR 35m
and EBITDA of EUR 67m in 2004.

These disposals are a continuation of IHG's strategy of growing its management
and franchise businesses and reducing asset ownership. This strategy has
resulted in IHG having disposed of or, including these two portfolios, being in
the process of disposing of, 176 hotels with a net asset value of more than
£2.8bn. Aggregate proceeds received to date have been above net asset value. IHG
has to date announced the return of £2.25bn to shareholders, of which £1.95bn
has already been completed. As previously stated, further cash returns will be
made to shareholders in due course.


Further details of hotels placed on the market today:


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


For further information, please contact:
Investor Relations (Gavin Flynn, Paul Edgecliffe-Johnson):                                 [phone]
                                                                                           [phone]
Media Enquiries (Leslie McGibbon):                                                         [phone]
                                                                                           [phone]

Jones Lang LaSalle (Ian Chappell)                                                          [phone]

Merrill Lynch (Kirk Lindstrom)                                                             [phone]




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,
almost 3,600 hotels and 539,000 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(R) Hotels & Resorts, Crowne
Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn
Express(R), Staybridge Suites(R), Candlewood Suites(R) and Hotel IndigoTM, and
also manages the world's largest hotel loyalty programme, Priority Club(R)
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.



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