A package of 11 Holiday Inn hotels throughout the UK has been put up for sale with an estimated price tag of �60m. The properties, which have a total of about 1,800 rooms, were among the 73 hotels bought by LRG Acquisition from InterContinental Hotels Group (IHG) this year for �1.022 billion through a so-called sale and manage-back. A review concluded that the hotels would require significant investment to meet Holiday Inn brand standards.
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