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Stalled talks for IHG Barclay’s sale

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Published on 07/11/12 - Updated on 17/03/22

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IHG is still seeking a buyer for their historic Manhattan property in New York City, estimated to be worth more than 300 million USD.

IHG’s 685-room property in Manhattan was expected to be sold last year to Qatari hotel owner Ghanim Bin Saad Al Saad, according to Reuters. However, negotiations have been stalled, and IHG is now seeking a new buyer.The property is expected to be worth more than 300 million USD, and IHG is seeking the highest bidder. According to IHG, Denham, England, the company’s objective is to maximize value rather than make a quick sale. The market in New York City has recently strengthened, bringing several more bidders forward.

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