Intercontinental Hotel Financial Street Beijing (photo by TonyV3112) IHG also made progress with its strategy of becoming an 'asset-light' management company, by selling InterContinental hotels in London and New York. This effort continued in the first quarter of 2014 with the sale of the InterContinental San Francisco. The company also launched two new brands last year – the China-focused Hualuxe Hotels & Resorts and health and fitness-driven Even Hotels. "2013 marked IHG's 10th anniversary as a standalone company, and was another year of strong performance.