August 6, 1987 |
Beset by high debt costs, the Hotel Inter-Continental San Diego lost $1.2 million over the first four months of 1987, despite a healthy 82% occupancy rate that was significantly above the local market average. For all of 1986, the hotel lost $7.6 million while operating at a 69% occupancy rate.
May 9, 2011 |
Great deals sometimes come at great personal cost, like the super-cheap airfare you scored from L.A. to Europe that makes three stops and takes 20 hours to get there. By the time you touch down, you might be in need of a soft landing. So consider this summer offer from the InterContinental Hotels & Resorts luxury chain: a free night on a five-night stay plus 100 euros (about $148) in hotel credit. The deal: InterContinental hotels aren't cheap; room rates start around $300 a night in top European cities.
July 23, 1987 |
Hotel Inter-Continental lenders are balking at developer Doug Manchester's demands that they restructure more than $218 million in loans as a condition of Marriott Corp.'s taking over as operator of the financially troubled 681-room hotel.
August 7, 2005 |
THE Willard InterContinental, a historic hotel near the White House that has hosted power brokers for decades, is making a pitch for vacationers to Washington. Under the tutelage of its new French general manager, Herve Houdre, a veteran of the tony Hotel de Crillon and Hotel Plaza Athenee in Paris, the Willard has opened a sidewalk cafe on Pennsylvania Avenue, put up a history gallery and started serving afternoon tea.
January 10, 2007 |
InterContinental Hotels Group, the world's biggest lodging company by number of rooms, took over the operation of a 363-room hotel in Century City, bolstering its presence in the U.S. luxury hotel market. The InterContinental Los Angeles Century City, previously the Park Hyatt, has 12,500 square feet of space for functions. Windsor, England-based InterContinental Hotels Group has a 10-year contract to manage the hotel on Avenue of the Stars. The hotel is owned by Tokyo-based Sumitomo Realty.