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INTERNATIONAL HOTEL GROUP LIMITED - Sale of Worcester Hotel

Release Date: 24/12/2015 08:00
Code(s): IHL     PDF:  
Wrap Text
Sale of Worcester Hotel

International Hotel Group Limited
(previously RBDL Investments Limited)
(Incorporated in the British Virgin Islands)
(Company number 1862176)
 JSE share code: IHL
ISIN: VGG7396G1046
(“IHGL” or the “Company”)


SALE OF WORCESTER HOTEL


IHGL the hotel and leisure focused property investment company, announces that it has disposed of its hotel in
Worcester, for approximately £2.7 million, realising a profit of approximately £53,000 since its acquisition in
March 2015.

The Worcester hotel was sold in order to recycle capital as the Company has a number of opportunities in the pipeline,
which look likely to deliver superior returns in the medium term.

Commenting, CEO Helder Pereira said:-

“We continually look at hotel assets that will generate a consistent yield and there are now some opportunities in the
UK market which can be yield enhancing and the sale of Worcester will enable the Company to acquire such assets”.

For further information please contact:


M Partners S.à r.l.
Luxembourg listing agent                                 +352 263 868 610

Java Capital
JSE sponsor                                              +27 (0) 11 722 3050

FTI Consulting
South African Public Relations Advisor
Max Gebhardt                                             +27 (0) 11 214 2402

Notes to editors:

IHGL is a hotel and leisure focused property Investment Company which owns three hotels in the UK. The
Company’s shares are currently listed on the Euro MTF Market of the Luxembourg Stock Exchange, which
constitutes its primary listing, and on the AltX of the JSE which constitutes its secondary listing.


24 December 2015

Date: 24/12/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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