Mayer Brown JSM is leading a proposed $938 million acquisition of the InterContinental Hong Kong hotel by a consortium of investors including real estate private equity company Gaw Capital Partners.
The consortium, which also includes Hong Kong-listed real estate investor Pioneer Global Group, has offered to buy the 5-star property while and striking a 37-year management agreement with its current owner, London-based InterContinental Hotels Group Plc. The deal is expected to close later this year.
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