Woodridge affiliates and Oaktree Capital Management funds acquired InterContinental San Francisco Mark Hopkins for $120m

San Francisco, 2014-2-18 — /travelprnews.com/ — InterContinental Hotels Group PLC (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announces the sale of the 383 room InterContinental San Francisco Mark Hopkins¹ (the “Hotel”) to a joint venture between affiliates of Woodridge Capital Partners (“Woodridge”) and funds managed by Oaktree Capital Management L.P. (“Oaktree”) for $120m gross cash proceeds. IHG will continue… Read the full press release