Commercial

InterContinental Hotels Posts 11 percent Profit Led by China and US

InterContinental Hotel Group (IHG), the world’s largest hotel group by room count, recently declared its Operating profit results of 2012. The company announced that it had accounted a 10 percent actual operating profit throughout the year. Major contributors to the profits were its growing operations in China, America and Europe.

China Vanke Enters US Markets with Tishman Speyer Deal

China Vanke Company, the largest property developer of China, has entered the U.S. market with a partnership deal to build a residential complex in San Francisco, California. The venture marks Vanke’s first entry into the real estate market of U.S.

London Heathrow Airport’s Phase 1 Revamp Project Nearing Completion

Renovation and expansion of phase one at London Heathrow Airport, U.K. is nearing completion. The $4 billion renovation project began in 2008 and is set to open access of its new premises to the public in 2014.