International Hotel Investments plc - Agreement with Wyndham Hotel Group

On 1 November IHI announced that the various agreements signed on 10 August 2006 involving Wyndham Hotel Group International Inc. (WHGI), Corinthia Palace Hotel Company Limited and CHI Limited and which were subject to conditions subsequent have been successfully concluded. As such, CHI Ltd is now owned by IHI (70%) IHI and by WHGI (30%). CHI Ltd. is also the exclusive hotel management company for the Corinthia, Wyndham and Ramada Plaza brands in Europe, Africa and the Middle East.

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