IHG CEO: Sale offer for NYC's Barclay hotel will include upgrade plan

04/12/2013 | Bloomberg

InterContinental Hotels Group CEO Richard Solomons says the New York Barclay hotel will be put back on the market this year alongside comprehensive renovation plans for the property. "We have taken the time to create full refurbishment plans," Solomons said. "What makes it attractive is the opportunity to enhance the asset, do great refurbishment and create value that way." The refurbishment is estimated to cost more than $100 million.

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