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IHG will hold the remaining 20% of the property, which is located at 111 E. 48th St.</p>","<p>The JLL Hotels &amp; Hospitality Group was led by Mark Wynne-Smith, global CEO; Arthur Adler, managing director and CEO, Americas; Jeffrey Davis, managing director and Gilda Perez-Alvarado, EVP.</p>","<div class=\"paywall-content\"><p>“The parties of this joint venture seized an incredible opportunity to own and elevate the positioning of an iconic hotel in one of the top global lodging markets,” says Wynne-Smith.</p>","<p>According to Adler, the InterContinental New York Barclay attracted strong interest from domestic, Middle Eastern and Asian investor groups by virtue of its long-standing reputation in New York, its affiliation with InterContinental Hotels, and its location in one of Manhattan's strongest lodging sub-markets. 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