PROPERTY PIPELINE AND OPENINGS IHG Launches Plans for New York, LA –
InterContinental Hotels Group has shuttered the New York Barclays for a $175 million renovation. Reopening is scheduled for March 2016. Meanwhile out West, IHG has signed a new 900-room property in downtown Los Angeles, part of Korean Air and Hanjin Group’s more than $1.1 billion new-build Wilshire Grand project. It’s set to open in 2017.