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Who has almost half a billion dollars to sink into a New York hotel landmark?

Nathalie Thomas

Skift Take

Despite the Barclay's iconic status, IHG sees the real value in its properties to be on the management side rather than real estate business.

InterContinental Hotels Group is searching for a new buyer for its $300m (£188m) Barclay hotel in New York after exclusive talks, believed to be with Qatari investor Ghanim Bin Saad Al Saad, failed to produce a deal. Richard Solomons, chief executive of IHG, admitted the collapse of exclusive talks wasn’t “ideal” but said the group had already received a number of expressions of interest from other potential buyers for both the Barclay and the InterContinental Park Lane in London, which will be sold off next year. The hotels boss insisted there wasn’t a “single issue

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