**Exhibit 8**

----

| **Name of Company**                                         | **Country of Incorporation** |
|-------------------------------------------------------------|------------------------------|
| 220 Bloor Street West Partnership                           | Ontario, Canada              |
| Airport Garden Hotel NV                                     | Belgium                      |
| Alexandra Holding B.V.                                      | The Netherlands              |
| American Commonwealth Assurance Co. Ltd.                    | Bermuda                      |
| American Hotel B.V.                                         | The Netherlands              |
| B.V. Amstel Maatschappij                                    | The Netherlands              |
| Arabian Hotel Management Co. LLC                            | Oman                         |
| Asia Pacific Holdings Limited                               | England                      |
| Athenaeum Hotel & Touristic    Enterprises S.A. (12.5%) | Greece                       |
| Austin Innkeepers Inc.                                      | Texas, USA                   |
| Avendra LLC 4.50%                                           | Delaware, USA                |
| BIBOH                                                       | England                      |
| BBJV Investments Limited                                    | England                      |
| BCH Hotel Investment, Pte Ltd (10%)                         | Singapore                    |
| BHMC Canada Inc.                                            | Canada                       |
| BHMC Gen – Par LLC                                     | Delaware, USA                |
| BHMC Lim Par LLC                                            | Delaware, USA                |
| BHR Holdings B.V.                                           | The Netherlands              |
| BHR Luxembourg S.A.R.L.                                     | Luxembourg                   |
| BHR Overseas (Europe) B.V.                                  | The Netherlands              |
| BHR Overseas (Finance) B.V.                                 | The Netherlands              |
| BHR Pacific Holdings, Inc.                                  | Delaware, USA                |
| BHR Services (France) S.A.S.                                | France                       |
| BHR Texas LP                                                | Delaware, USA                |
| BHR US Holdings B.V.                                        | The Netherlands              |
| BHTC Canada Inc.                                            | Canada                       |
| Barclay Operating Corp.                                     | New York, USA                |
| Blackfriars Hotels Ltd. (33.3%)                             | England                      |
| Brascan Imobiliaria Hotelaria e Turismo S.A.                | Brazil                       |
| Bristol Acquisition Beverage Company                        | Delaware, USA                |
| Bristol Hospitality Beverage Company                        | Texas, USA                   |
| Bristol Hotel Beverage Company                              | Delaware, USA                |
| Bristol Hotel Management Corp.                              | Delaware, USA                |
| Bristol Hotels & Resorts                                | Delaware, USA                |
| Bristol House Club                                          | Texas, USA                   |
| Bristol HTS Company                                         | Texas, USA                   |
| Bristol Hudson JV LLC (15%)                                 | Delaware, USA                |
| Bristol IP Company.                                         | Delaware, USA                |
| Bristol Kansas Beverage Company                             | Kansas, USA                  |
| Bristol Lodging Beverage Company                            | Texas, USA                   |
| Bristol Management LP                                       | Texas, USA                   |
| Bristol Oakbrook Tenant Company                             | Delaware, USA                |
| Bristol Plano Club                                          | Texas, USA                   |
| Bristol SLC Management Company                              | Delaware, USA                |
| Bristol Solo’s Club,    Inc.                          | Delaware, USA                |
| Bristol Texas Beverage Company                              | Texas, USA                   |
| Bristol W Tenant Company                                    | Delaware, USA                |
| Britannia Soft Drinks Ltd (50%)                             | England                      |
| British Vitamin Products Ltd.                               | England                      |
| Britvic Holdings Ltd. (90%)                                 | England                      |
| Britvic Corona Ltd.                                         | England                      |
| Britvic International Ltd.                                  | England                      |
| Britvic Ltd.                                                | England                      |
| Britvic Soft Drinks Ltd.                                    | England                      |
| Brussels Europa S.A.                                        | Belgium                      |

 

----

|                                                                |                   |
|---------------------------------------------------------------------|------------------------|
| BVH Hotelbesitzgesellschaft    mbH & Co. Verwaltungs KG (67.5%) | Germany                |
| BVH Hotelbesitzgesellschaft mbH (67.4%)                             | Germany                |
| CA Hotel Guayana (14.05%)                                           | Venezuela              |
| CIMS L.P.                                                           | Illinois, USA          |
| Café Barritz                                                 | N/A                    |
| Canabolas Caravan Motel Pty Ltd.                                    | Australia              |
| Carlton InterContinental (Cannes) SNC                               | France                 |
| Cavendish Technology Company Partnerships Ltd.                      | England                |
| Cayo Largo Hotel Assoc. SNC por ASE                                 | Georgia, USA           |
| Centra Hotels Management Pty Ltd.                                   | Australia              |
| Centra Victoria Pty Ltd.                                            | Australia              |
| Centra (NT) Pty Ltd.                                                | Australia              |
| Centre Airport Hotel (London) Limited                               | England                |
| Centre Hotels (Cranston) Limited                                    | Scotland               |
| Centro de Servicios Hoteleros S.A. de C.V.                          | Mexico                 |
| Centrum Finance (Guernsey) Ltd.                                     | Channel Islands        |
| Ceylan Holding A.S.                                                 | Turkey                 |
| Compania Inter-Continental de Hoteles El Salvador S.A.              | Venezuela              |
| Compania Hotelera Nuevos Horizontes                                 | Venezuela              |
| Compass Hotel Properties Ltd                                        | England                |
| Cooper Leasing Company Ltd                                          | England                |
| Corporaction Turistica Real                                         | Mexico                 |
| Cosmostar Holdings Ltd.                                             | British Virgin Islands |
| Covachas Festivas de America SA                                     | Costa Rica             |
| Crowne Plaza Amsterdam (Management) BV                              | The Netherlands        |
| Crowne Plaza (Asia Pacific) Ltd.                                    | Hong Kong              |
| Crowne Plaza Hilton Head Holding Co.                                | Delaware, USA          |
| Crowne Plaza Inc.                                                   | Tennessee, USA         |
| Crowne Plaza LAX, LLC                                               | Georgia, USA           |
| Crowne Plaza (Puerto Rico) Inc.                                     | Puerto Rico            |
| Culross Finance Ltd.                                                | Cayman/UK Branch       |
| Culross (UK Branch)                                                 | England                |
| Delaville SpA                                                       | Italy                  |
| Delta Hotels Limited                                                | Scotland               |
| Dessarrolladora Holiday Inn, S.A. de C.V. (99%)                     | Mexico                 |
| Dessarrolladora Siba, S.A. de C.V.                                  | Mexico                 |
| Dorint/IC Management GmbH                                           | Germany                |
| EP Development Co.                                                  | Delaware, USA          |
| Edinburgh George Hotel Ltd.                                         | England                |
| Epsilon Verwaltungs GmbH                                            | Germany                |
| Eurasia Hotel Ltd.                                                  | Hong Kong              |
| FBM Dallas, Inc.                                                    | Delaware, USA          |
| FBM Houston, Inc.                                                   | Delaware, USA          |
| FBM I-10E, Inc.                                                     | Delaware, USA          |
| FI Scottsdale, Inc.                                                 | Delaware, USA          |
| FPS Leominster, Inc.                                                | Delaware, USA          |
| FelCor Lodging Trust Incorporated (12.2%/total Gp Int 17.1%)        | Delaware, USA          |
| Frankfurt Inter-Continental Hotels GmbH                             | Germany                |
| GIAC Leasing Corporation                                            | Tennessee, USA         |
| Garden Court France SNC (90%)                                       | France                 |
| General Innkeeping Acceptance Corporation                           | Tennessee, USA         |
| Gestion Hotelera Gestel, C.A.(50%)                                  | Venezuela              |
| The GL Hotels Limited (12.6%)                                       | India                  |
| Glenjohn Inc                                                        | Texas, USA             |
| Grand Hotel du Congo SZARL (50%)                                    | Rep of Congo, Zaire    |
| Grand Hotel Inter-Continental Paris SNC                             | France                 |

 

----

|                                                                           |                   |
|--------------------------------------------------------------------------------|------------------------|
| Greenbank Drinks Co. Ltd.                                                      | England                |
| Guest Card LLC                                                                 | North Carolina, USA    |
| HB Mass Tenant LLC                                                             | Delaware, USA          |
| HC International Holdings, Inc.                                                | Delaware, USA          |
| H.D. Rawlings Ltd.                                                             | England                |
| HH France Holdings SARL                                                        | France                 |
| HH Hotels (EMEA) BV                                                            | The Netherlands        |
| Egyptian Branch                                                                | Egypt                  |
| Russian Branch                                                                 | Russia                 |
| HH Hotels (Romania) SRL                                                        | Romania                |
| HH Hotels Tunisia                                                              | Tunisia                |
| HI Hotels Australia Trust                                                      | Australia              |
| HIA, Inc.                                                                      | Tennessee, USA         |
| HIA (T) Pty Ltd.                                                               | Australia              |
| H.I (Burswood) Pty Ltd.                                                        | Australia              |
| H.I. (Canada), Inc.                                                            | Tennessee, USA         |
| H.I. (Canberra) Pty Ltd.                                                       | Australia              |
| H.I. (Canberra) Trust                                                          | Australia              |
| H.I. (Coogee) Pty Ltd.                                                         | Australia              |
| H.I. (Coogee) Trust                                                            | Australia              |
| HI East Houston, Inc.                                                          | Delaware, USA          |
| HI Holdings Inc.                                                               | Tennessee, USA         |
| HI (Ireland) Ltd.                                                              | Eire                   |
| HI Jackson, Inc.                                                               | Delaware, USA          |
| HI Marietta, Inc.                                                              | Delaware, USA          |
| H.I. (Melbourne) Pty Ltd.                                                      | Australia              |
| H.I. (Melbourne) Trust                                                         | Australia              |
| H.I. Mexicana Servicios, SA de CV                                              | Mexico                 |
| H.I. (Newcastle) Pty Ltd.                                                      | Australia              |
| H.I. (Newcastle) Trust                                                         | Australia              |
| H.I. (Perth) Pty Ltd.                                                          | Australia              |
| H.I. (Perth) Trust                                                             | Australia              |
| H.I. (Potts Point) Pty Ltd.                                                    | Australia              |
| H.I. (Potts Point) Trust                                                       | Australia              |
| H.I. Ravinia, Inc.                                                             | Georgia, USA           |
| H.I. Sara Hospitality Sdn Bhd (30%)                                            | Malaysia               |
| H.I. Soaltee Hotel Co. (P) Ltd. (26%)                                          | Hong Kong              |
| H.I. Soaltee Management Company Ltd (74%)                                      | Hong Kong              |
| H.I. Sugarloaf LLC                                                             | Georgia, USA           |
| H.I. (Terrigal) Pty. Ltd.                                                      | Australia              |
| H.I. (Terrigal) Trust                                                          | Australia              |
| H.I. (Townsville) Pty Ltd.                                                     | Australia              |
| H.I. (Townsville) Trust                                                        | Australia              |
| HII International Holdings, Inc.                                               | Tennessee, USA         |
| HIM (Aruba) NV                                                                 | Aruba                  |
| Hale International Ltd.                                                        | British Virgin Islands |
| Harvey Hotel Purchasing Co.                                                    | USA                    |
| Harvey’s Bar/Remington’s                                           | N/A                    |
| HOB Hotelbesitz-und Verwaltungs GmbH (100%)                                    | Germany                |
| HOB Hotelbesitz-und Verwaltungs    GmbH & Co; Objekt Graummansweg KG (99%) | Germany                |
| Hochstrasse 3 Hotelgesellschaft mbH                                            | Germany                |
| Hofburg Kongresszentrum Betriebsgesellschaft mbH                               | Austria                |
| Holiday Clubs International, Inc.                                              | Georgia, USA           |
| Holiday Hospitality Franchising, Inc.                                          | Delaware, USA          |
| Holiday Inn Aruba NV                                                           | Aruba                  |
| Holiday Inn (Basildon) Ltd.                                                    | England                |

 

----

|                                                                |            |
|---------------------------------------------------------------------|-----------------|
| Holiday Inn (Birmingham) Ltd.                                       | England         |
| Holiday Inn (Birmingham City) Ltd.                                  | England         |
| Holiday Inn (Birmingham M6 J7) Ltd.                                 | England         |
| Holiday Inn (Brentwood) Ltd.                                        | England         |
| Holiday Inn Cairns Pty Ltd.                                         | Australia       |
| Holiday Inn (Carlisle) Ltd.                                         | England         |
| Holiday Inn (Chester) Ltd.                                          | England         |
| Holiday Inn (Colchester) Ltd.                                       | England         |
| Holiday Inn (Coventry) Ltd.                                         | England         |
| Holiday Inn (Dijon) SARL                                            | France          |
| Holiday Inn (Edinburgh) Ltd.                                        | England         |
| Holiday Inn (Edinburgh North) Ltd.                                  | England         |
| Holiday Inn (Farnborough) Ltd.                                      | England         |
| Holiday Inn Finance Properties Ltd                                  | England         |
| Holiday Inn (Guildford) Ltd.                                        | England         |
| Holiday Inn (Hemel Hempstead) Ltd.                                  | England         |
| Holiday Inn (High Wycombe) Ltd.                                     | England         |
| Holiday Inn Hotelgesellschaft mbH                                   | Germany         |
| Holiday Inn (Ipswich) Ltd.                                          | England         |
| Holiday Inn (Lancaster) Ltd.                                        | England         |
| Holiday Inn (Leicester) Ltd.                                        | England         |
| Holiday Inn (London Gatwick) Ltd.                                   | England         |
| Holiday Inn (London Heathrow) Ltd.                                  | England         |
| Holiday Inn (London Heathrow Ariel) Ltd.                            | England         |
| Holiday Inn (London Regents Park) Ltd.                              | England         |
| Holiday Inn Limited                                                 | England         |
| Holiday Inn (Maidenhead) Ltd.                                       | England         |
| Holiday Inn Mexicana S.A.                                           | Mexico          |
| Holiday Inn (Milton Keynes) Ltd.                                    | England         |
| Holiday Inn (Norwich) Ltd.                                          | England         |
| Holiday Inn Operadora Mexico S.A. de C.V.                           | Mexico          |
| Holiday Inn (Reading) Ltd.                                          | England         |
| Holiday Inn (Southampton) Ltd.                                      | England         |
| Holiday Inn (Southampton Eastleigh) Ltd.                            | England         |
| Holiday Inn (UK) Ltd.                                               | England         |
| Holiday Inn Worldwide Insurance    Co. (see SCH Insurance Co) 75%   | Vermont, USA    |
| Holiday Inns B.V.                                                   | The Netherlands |
| UK Branch                                                           | England         |
| Austria Branch                                                      | Austria         |
| Holiday Inns Inc.                                                   | Delaware, USA   |
| Holiday Inns NV                                                     | Belgium         |
| Holiday Inns SpA                                                    | Italy           |
| Holiday Inns (Abu Dhabi) Ltd.                                       | Hong Kong       |
| Holiday Inns of America, Inc.                                       | Tennessee, USA  |
| Holiday Inns of America (UK) Ltd.                                   | England         |
| Holiday Inns (Andina) Inc. (now SC (Andina) Inc.) 70%               | Tennessee, USA  |
| Holiday Inns Australia Pty Ltd.                                     | Australia       |
| Holiday Inns (The Bahamas), Inc.                                    | Tennessee, USA  |
| Holiday Inns (Beijing) Inc. (now SC Reservations (Philippines) Inc) | Tennessee, USA  |
| Holiday Inns (Beijing) Ltd.                                         | Hong Kong       |
| Holiday Inns of Belgium NV                                          | Belgium         |
| Swedish Branch                                                      | Sweden          |
| Holiday Inns of Canada Ltd.                                         | Ontario, Canada |
| Holiday Inns (Casablanca) Ltd                                       | Hong Kong       |
| Holiday Inns (China), Inc.                                          | Tennessee, USA  |
| Holiday Inns (China) Ltd.                                           | Hong Kong       |

 

----

|                                        |            |
|---------------------------------------------|-----------------|
| Holiday Inns (Chongqing), Inc.              | Tennessee, USA  |
| Holiday Inns (Courtalin) Holdings SAS       | France          |
| Holiday Inns (Courtalin) SAS                | France          |
| Holiday Inns Crowne Plaza (Beijing), Inc.   | Tennessee, USA  |
| Holiday Inns Crowne Plaza (Hong Kong), Inc. | Tennessee, USA  |
| Holiday Inns (Dalian), Inc.                 | Tennessee, USA  |
| Holiday Inns von Deutschland GmbH           | Germany         |
| Holiday Inns (Dhaka) Inc.                   | Tennessee       |
| Holiday Inns (Downtown Beijing) Ltd.        | Hong Kong       |
| Holiday Inns (Dubai) Ltd.                   | Hong Kong       |
| Holiday Inns (Eindhoven) BV                 | The Netherlands |
| Austrian Branch                             | Austria         |
| American Branch                             | South Carolina  |
| Holiday Inns (England) Ltd.                 | England         |
| Holiday Inns de Espana S.A.                 | Spain           |
| Holiday Inns France et Cie SAS              | France          |
| Holiday Inns (Freeport) Inc.                | Tennessee, USA  |
| Holiday Inns Garden Court Ltd.              | England         |
| Holiday Inns Gatwick Crawley Ltd.           | England         |
| Holiday Inns (Germany) LLC                  | Tennessee, USA  |
| German Branch                               | Germany         |
| Holiday Inns (Guangzhou), Inc.              | Tennessee, USA  |
| Holiday Inns (Guilin), Inc.                 | Tennessee, USA  |
| Holiday Inns Holdings (Australia) Pty Ltd.  | Australia       |
| Holiday Inns (Indonesia) Ltd.               | Hong Kong       |
| Holiday Inns (Indonesia) B.V.               | The Netherlands |
| Holiday Inns International BV               | The Netherlands |
| Belgium Branch                              | Belgium         |
| Holiday Inns Investment (Nepal) Ltd.        | Hong Kong       |
| Holiday Inns (Jamaica) Inc.                 | Tennessee, USA  |
| Jamaica Branch                              | Jamaica         |
| Holiday Inns (Korea) Ltd.                   | Hong Kong       |
| Holiday Inns (Kuwait) Ltd.                  | Hong Kong       |
| Holiday Inns (Macau) Ltd.                   | Hong Kong       |
| Holiday Inns (Malaysia) Inc.                | Tennessee, USA  |
| Holiday Inns (Malaysia) Ltd.                | Hong Kong       |
| Holiday Inns (Manama) Ltd.                  | Hong Kong       |
| Holiday Inns Mexico Holdings, Inc.          | Kentucky, USA   |
| Holiday Inns (Middle East) Inc.             | Tennessee, USA  |
| Holiday Inns (Middle East) Ltd.             | Hong Kong       |
| Holiday Inns (Muscat) Ltd.                  | Hong Kong       |
| Holiday Inns (Nepal) Ltd.                   | Hong Kong       |
| Holiday Inns (The Netherlands) Inc.         | Tennessee, USA  |
| Dutch Branch                                | The Netherlands |
| Holiday Inns (Philippines), Inc.            | Tennessee, USA  |
| Philippines Branch                          | Philippines     |
| Holiday Inns (Phuket) Ltd.                  | Hong Kong       |
| Holiday Inns (Riyadh) Ltd.                  | Hong Kong       |
| Holiday Inns (Salalah) Ltd.                 | Hong Kong       |
| Holiday Inns (Saudi Arabia), Inc.           | Tennessee, USA  |
| Holiday Inns (Shanghai) Ltd.                | Hong Kong       |
| Holiday Inns (Singapore), Inc.              | Tennessee, USA  |
| Holiday Inns (South America) Inc.           | Tennessee, USA  |
| Holiday Inns (South East Asia) Inc.         | Tennessee, USA  |
| Singapore Branch                            | Singapore       |
| Holiday Inns (Suisse) SA                    | Switzerland     |

 

----

|                                                 |            |
|------------------------------------------------------|-----------------|
| Holiday Inns Switzerland Limited                     | England         |
| Holiday Inns (Thailand) Ltd.                         | Hong Kong       |
| Holiday Inns (UK), Inc.                              | Tennessee, USA  |
| UK Branch                                            | England         |
| Malta Branch                                         | Malta           |
| Holiday Inns (Urumqi) Ltd.                           | Hong Kong       |
| Holiday Inns (Xiamen) Ltd.                           | Hong Kong       |
| Holiday Inns (Yemen) Ltd.                            | Hong Kong       |
| Holiday Pacific Equity Corporation                   | Delaware, USA   |
| Holiday Pacific Holding Company                      | Delaware, USA   |
| Holiday Pacific LLC                                  | Delaware, USA   |
| Holiday Pacific Management Corporation               | Delaware, USA   |
| Holiday Pacific Partners, LP (12.7%)                 | Delaware, USA   |
| Holidex (Belgium), Inc.                              | Delaware, USA   |
| Holidex (UK), Inc.                                   | Tennessee, USA  |
| Homeprompt Ltd                                       | England         |
| Hooper Struve & Co. Ltd                          | England         |
| Hospitality Network Corporation 35%                  | Japan           |
| C.A. Hotel Guayana                                   | Venezuela       |
| Hotel del Lago C.A. (0.4%)                           | Venezuela       |
| Hotel Distribution System LLC (see TravelWeb LLC)    |            |
| Hotel Equities Fiji Ltd.                             | Fiji            |
| Hotel Equities South Pacific Ltd.                    | Vanuatu         |
| Hotel Forum (Holdings) Ltd.                          | England         |
| Hotel Inter-Continental SAS                          | France          |
| Hotel Inter-Continental London (Holdings) SAS        | France          |
| Hotel Inter-Continental London Ltd.                  | England         |
| Hotelera el Carmen S.A.                              | Spain           |
| Hotelera Holiday Inns Andina Limitada                | Chile           |
| Hoteles Y Centros Especializados S.A.                |            |
| Hoteles Estelar de Colombia S.A. (4%)                | Colombia        |
| Hoteles Holiday Inn S.A. de C.V.                     | Mexico          |
| Hoteles Y Turismo HIH Srl                            | Venezuela       |
| Hotels Inns and Resorts (SA)(PTY) Ltd.               |            |
| Houston Galleria, LP (now BHR Texas, LP)             | USA             |
| IC Loipersdorf Hotel Betriebs GmbH                   | Austria         |
| IC US (Holdings) LP                                  | Delaware, USA   |
| ICOP Holdings BV                                     | The Netherlands |
| IHC Buckhead LLC                                     | Georgia, USA    |
| IHC Edinburgh (Holdings) Ltd.                        | England         |
| IHC Hopkins (Holdings) Corp.                         | Delaware, USA   |
| IHC Hotel Ltd.                                       | England         |
| IHC Inter-Continental (Holdings) Corp.               | Delaware, USA   |
| IHC London (Holdings) Ltd.                           | England         |
| IHC M-H (Holdings) Corp.                             | Delaware, USA   |
| IHC May Fair (Holdings) Ltd.                         | England         |
| IHC May Fair Hotel Ltd.                              | England         |
| IHC Overseas (U.K.) Ltd.                             | England         |
| IHC (Thailand) Ltd.                                  | Thailand        |
| IHC UK (Holdings) Ltd                                | England         |
| IHC United States (Holdings) Corp.                   | New York, USA   |
| IHC Willard (Holdings) Corp.                         | Delaware, USA   |
| IHG (Brent Cross) Ltd.                               | England         |
| IHG Customer Service Ltd                             | England         |
| IHG Cyprus Limited                                   | Cyprus          |
| InterContinental Hotels Group Healthcare Trustee Ltd | England         |

 

----

|                                                 |            |
|------------------------------------------------------|-----------------|
| IHG (Leeds) Ltd.                                     | England         |
| IHG (Strathclyde) Ltd.                               | England         |
| IHG Systems Pty Ltd                                  | Australia       |
| IHG (Victoria Park) Pty Ltd                          | Australia       |
| Idris Limited                                        | England         |
| Illinois Hotels Corp.                                | Delaware, USA   |
| Indian Valley Realty Corp.                           | New York, USA   |
| Inn Keeper Supply, S.A. de C.V.                      | Mexico          |
| INNvest Realty Corp.                                 | Tennessee, USA  |
| InterContinental Hong Kong Ltd.                      | Hong Kong       |
| InterContinental Hotels Group (Asia Pacific) Pte Ltd | Singapore       |
| InterContinental Hotels Group do Brasil Ltda         | Brazil          |
| InterContinental Hotels Group (Canada) Inc.          | Ontario, Canada |
| InterContinental Hotels Group Customer Services Ltd. | England         |
| InterContinental Hotels Group (Espana) SA            | Spain           |
| InterContinental Hotels Group Finance (CI) Ltd.      | Jersey          |
| InterContinental Hotels Group (Japan) Inc.           | Tennessee       |
| Japan Branch                                         | Japan           |
| InterContinental Hotels Group Limited                |            |
| InterContinental Hotels Group Operating Corp.        | USA             |
| InterContinental Hotels Group PLC                    | England         |
| InterContinental Hotels Group Resources Inc          | Delaware, USA   |
| Guam Branch                                          | Guam            |
| InterContinental Hotels Group Services Company       | England         |
| Spanish Branch                                       | Spain           |
| InterContinental Hotels Group (UK) Ltd               | England         |
| InterContinental Hotels Group (USA) Franchising Inc. | Delaware, USA   |
| Insurance Resource Services, Inc.                    | Delaware, USA   |
| Intercontinental Hotels Corporation Limited          | Bermuda         |
|     Saudi Branch                 | Saudi           |
|     Egypt Branch                 | Egypt           |
| Intercontinental Hotels Limited                      | England         |
| InterContinental Hotels Ltd                          | England         |
| Intercontinental Hotels Services (Hong Kong) Ltd.    | Delaware, USA   |
| Inter-Continental Central Park South LLC             | New York, USA   |
| Inter-Continental de Colombia S.A.                   | Columbia        |
| Inter-Continental D.C. Operating Corp.               | Delaware, USA   |
| Inter-Continental Europe Finance BV                  | The Netherlands |
| Inter-Continental Europe Holdings BV                 | The Netherlands |
| Inter-Continental Florida Investment Corp.           | Delaware, USA   |
| Inter-Continental Florida L.P.                       | Delaware, USA   |
| Inter-Continental Florida Operating Corp.            | Delaware, USA   |
| Inter-Continental Florida Partner Corp.              | Delaware, USA   |
| Inter-Continental Holding (Germany) GmbH             | Germany         |
| Inter-Continental (Holdings)    Canada Inc.          | Canada          |
| Inter-Continental Hospitality Corp.                  | Delaware, USA   |
| Hospitality Corporation                              | Greece          |
| Inter-Continental Hotel Betriebsgesellschaft mbH     | Austria         |
| InterContinental Hoteleira Limitada                  | Brazil          |
| Inter-Continental Hotel Investment (S) Pte. Ltd.     | Singapore       |
| Inter-Continental Hotels Betriebsgesellschaft mbH    | Germany         |
| Inter-Continental Hotels Corporation                 | Delaware, USA   |
| Branches:  Cairo                                     |            |
| Jordan                                               | Jordan          |
| Tel Aviv                                             | Israel          |
| Poland                                               | Poland          |

 

----

|                                                          |             |
|---------------------------------------------------------------|------------------|
| Malaysia                                                      | Malaysia         |
| Malta                                                         | Malta            |
| Philippines                                                   | Philippines      |
| Portugal                                                      | Portugal         |
| Inter-Continental Hotels Corporation Pty Ltd.                 | Australia        |
| Inter-Continental Hotels Corporation de Venezuela C.A.        | Venezuela        |
| Inter-Continental Hotels (Indonesia) B.V.                     | The Netherlands  |
| Inter-Continental Hotels Italia, SrL                          | Italy            |
| Inter-Continental Hotels Management GmbH                      | Germany          |
| Inter-Continental Hotels (Montreal) Operating Corp.           | Quebec, Canada   |
| Inter-Continental Hotels (Montreal) Owning Corp.              | Quebec, Canada   |
| Inter-Continental Hotels (Ontario) Inc.                       | Ontario, Canada  |
| Inter-Continental Hotels (Overseas) Ltd.                      | England          |
| Inter-Continental Hotels of San Francisco Inc.                | Delaware, USA    |
| Inter-Continental Hotels Saudi Arabia Ltd.                    | Saudi Arabia     |
| Inter-Continental Hotels (Singapore) Pte. Ltd.                | Singapore        |
| Inter-Continental Hotels (Toronto) Inc.                       | Ontario, Canada  |
| Inter-Continental Jeddah Corp.                                | Delaware, USA    |
| Inter-Continental Los Angeles Operating Corp.                 | Delaware, USA    |
| Inter-Continental Management (Australia) Pty Limited          | Australia        |
| Inter-Continental Netherlands CV                              | The Netherlands  |
| Inter-Continental Overseas Holding Corporation                | Delaware, USA    |
| Egyptian Branch                                               | Egypt            |
| Bermuda Branch                                                | Bermuda          |
| Intercora Limited (65%)                                       | Bermuda          |
| Inter-Continental Szalloda Budapest Rt.                       | Hungary          |
| International Airport Hotel Ltd.                              | Ireland          |
| Inthotel SA (92%)                                             | Spain            |
| Kensington PH Ltd.                                            | England          |
| Kenya Hotel Properties Ltd.                                   | Kenya            |
| Kumul Hotels Ltd. (18%)                                       | Papua New Guinea |
| LIMNA Hotelbetriebsgesellschaft mbH (67.4%)                   | Germany          |
| LIMNA Hotelbetriebsgesellschaft    mbH Verwaltungs KG (67.5%) | Germany          |
| Laper S.A. (to be liquidated)                                 | Switzerland      |
| Leased Hotels Ltd.                                            | England          |
| Lecheek Ltd.                                                  | England          |
| London Essence Co. Ltd.                                       | England          |
| London Forum Hotel Ltd.                                       | England          |
| Louisiana Acquisitions Corp.                                  | Delaware, USA    |
| Maya Baiduri Sdn Bhd (50%)                                    | Malaysia         |
| Midland Hotel and Conference    Centre Ltd. (56%)             | England          |
| Mifala Holdings (Vanuatu) Ltd.                                | Vanuatu          |
| Moline Restaurant Inc.                                        |             |
| NAS Centrum Ireland 2 Ltd.                                    | Eire             |
| NAS Cobalt No. 1 Ltd.                                         | England          |
| NAS Cobalt No. 2 Ltd.                                         | England          |
| National Inns Inc.                                            |             |
| Netherlands International Hotels BV (17%)                     | The Netherlands  |
| Nuevas Fronteras S.A. (23.66%)                                | Argentina        |
| Omega Hotels Limited                                          | Eire             |
| Openworld Ltd. (5.97%)                                        |             |
| Orbis Travel Bureau (12%)                                     | New York, USA    |
| Orchid Brands Ltd.                                            | England          |
| Orchid Drinks Ltd.                                            | England          |
| OSPR Pty Ltd.                                                 | Australia        |
| PT Jakarta International Hotels & Development    0.5151%  | Indonesia        |

 

----

|                                                                     |                 |
|--------------------------------------------------------------------------|----------------------|
| PT SC Hotels & Resorts    Indonesia                                  | Indonesia            |
| Panacon                                                                  | Louisiana, USA       |
| Parkroyal Motor Hotels Pty Ltd.                                          | Australia            |
| Pegasus Systems Inc.                                                     | Delaware, USA        |
| Penrod Club Texas (Non Profit)                                           | Texas, USA           |
| Pendigo Hotel Ltd.                                                       | England              |
| Pershing Associates (7.5%)                                               | District of Columbia |
| Pins & Pockets Club, Inc.                                            | Texas, USA           |
| Point of Sale Television Ltd.                                            | England              |
| Pollstrong Ltd                                                           | England              |
| Powell Pine, Inc.                                                        | Delaware, USA        |
| Premier Hotels (Christchurch) Ltd.                                       | New Zealand          |
| President Hotel & Tower    Co Ltd. (30%)                             |                 |
| Priscilla Holiday of Texas, Inc.                                         | Delaware, USA        |
| Priscilla Pacific, Inc. (49%)                                            | Texas, USA           |
| RDP Royal Palm Hotel Ltd.                                                | Delaware, USA        |
| Red Devil Energy Drinks Ltd.                                             | England              |
| Rednor Inc.                                                              | Utah, USA            |
| Rescom Services, Inc.                                                    | Delaware, USA        |
| Resort Services International (Cayo Largo) LP SE                         | Delaware, USA        |
| RH Resort Staff Co. Pty Ltd                                              | Australia            |
| Riverfront Investment Co., Inc.                                          | Kentucky, USA        |
| Robinsons Soft Drinks Ltd.                                               | England              |
| R. White & Sons Ltd.                                                 | England              |
| St Lucia Management Services LLC                                         | Delaware, USA        |
| Santa Fe                                                                 | Mexico               |
| SC (Andina) Inc. (formerly Holiday Inns (Andina) Inc.70%                 | Tennessee, USA       |
| Hotelera Holiday Inns Andina Ltd-Chile Branch                            | Chile                |
| SC Car Leasing Ltd.                                                      | England              |
| SC Cellars Ltd.                                                          | England              |
| SC ESOP Trustee (Jersey) Ltd.                                            | Jersey               |
| SC Finance Investments Co.                                               | England              |
| SC Finance Investments Two Co.                                           | England              |
| SC Hotels International Services, Inc.                                   | Delaware, USA        |
| SC Hotels Management Services, Inc.                                      | Delaware, USA        |
| SC Hotels & Resorts (Asia    Pacific) Pte Ltd.                       | Singapore            |
| SC Hotels & Resorts (Australia)    Pty Ltd.                          | Australia            |
| SC Hotels & Resorts (Greater    China) Ltd                           | Hong Kong            |
| SC Hotels & Resorts (India)    Private Ltd.                          | India                |
| SC Hotels & Resorts (Jamaica)    Ltd                                 | Jamaica              |
| SC Hotels Services (Guangzhou) Ltd.                                      | China                |
| SC Hotels  (Singapore) Pte Ltd                                           | Singapore            |
| SC Hotels UK Pensions SARL                                               | Luxembourg           |
| SC Investment (Hotels) BV                                                | The Netherlands      |
| SC Investment Minorities Ltd.                                            | England              |
| SC Investments Number 2 Ltd.                                             | England              |
| SC Investments Number 3 Ltd.                                             | England              |
| SC IT Enabled Services (India) Private Limited                           | India                |
| SC Leisure Group Ltd.                                                    | England              |
| SC Luxembourg Investments SARL                                           | Luxembourg           |
| SC Minority Holdings Ltd.                                                | England              |
| SC NAS 2 Ltd.                                                            | England              |
| SC NAS 3 Ltd.                                                            | England              |
| SC QUEST Ltd                                                             | England              |
| SC Racing Gilbraltar Ltd.                                                | Gibraltar            |
| SC Reservations (Philippines)    Inc (formerly Holiday Inn (Beijing) Inc | Tennessee, USA       |
|     Philippines Branch                               | Phillippines         |

 

----

|                                                                 |            |
|----------------------------------------------------------------------|-----------------|
| SC Retail Ltd. (now SC Minority Holdings Ltd.)                       | England         |
| SC Southwick (UK) Ltd.                                               | England         |
|     UK Branch of Southwick Ltd (Cayman Islands). |            |
| SC Trademarks Ltd.                                                   | England         |
| SC Wine Bars Ltd.                                                    | England         |
| SCH (Barbados) Ltd.                                                  | Barbados        |
| SCH (China) Investments Ltd.                                         | Hong Kong       |
| SCH Insurance Company 75%                                            | Vermont, USA    |
| SCH Minority Holdings LLC                                            | Delaware, USA   |
| SCH Residence (France) SNC                                           | France          |
| SCH (UK) Ltd.                                                        | England         |
| SCIH Branston 1                                                      | England         |
| SCIH Branston 2                                                      | England         |
| SCIH Branston 3                                                      | England         |
| SFH Associates L.P.                                                  | California, USA |
| Spree Galerie Hotelbetriebsgesellschaft                              | Germany         |
| Sharp Delight Investments Ltd.                                       | Hong Kong       |
| SIBA ATLAS                                                           | Mexico          |
| SIBA ESTACIONAMIENTS                                                 | Mexico          |
| Sienna Consulting Group Sp. Z.o.o.                                   | Poland          |
| Sienna Hotel Sp.Z.o.o.                                               | Poland          |
| SixCo Financing 1 Ltd.                                               | England         |
| SixCo Financing 2 Ltd.                                               | England         |
| SixCo Ltd.                                                           | England         |
| SixCo North America, Inc.                                            | Delaware        |
| Six Continents Corporate Services Co                                 | England         |
| Six Continents Executive Pension Trust Limited                       | England         |
| Six Continents Finance (CI) Ltd                                      | Jersey          |
| Six Continents Healthcare Trustee Ltd                                | England         |
| Six Continents Holdings Ltd.                                         | England         |
| Six Continents Hotels (Asia Pacific) Pte Ltd.                        | Singapore       |
| Six Continents Hotels do Brazil Ltda                                 | Brazil          |
| Six Continents Hotels (Canada) Inc                                   | Canada          |
| Six Continents Hotels Customer Service Centre Ltd                    | England         |
| Six Continents Hotels de Espana                                      | Spain           |
| Six Continents Hotels Group Company                                  | England         |
| Spanish Branch                                                       | Spain           |
| Six Continents Hotels and Holidays Ltd.                              | England         |
| Six Continents Hotels, Inc.                                          | Delaware        |
| Six Continents Hotels International Ltd.                             | England         |
| Six Continents Hotels (Japan) Inc.                                   | Tennessee       |
| Six Continents Hotels Limited                                        | England         |
| Six Continents Hotels Operating Corp.                                | Delaware        |
| Six Continents Hotels (UK) Ltd.                                      | England         |
| Six Continents International Holdings BV                             | The Netherlands |
| Six Continents Investments Ltd.                                      | England         |
| Six Continents Leisure Ltd.                                          | England         |
| Six Continents (NAS) PLC                                             | England         |
| Six Continents Overseas Holdings Ltd.                                | England         |
| Six Continents Pensions Ltd.                                         | England         |
| Six Continents PLC                                                   | England         |
| Six Continents Profit Share Scheme Trustee Ltd.                      | England         |
| Six Continents Resources, Inc.                                       | Delaware, USA   |
| Guam Branch                                                          | Guam            |
| Six Continents Restaurants Ltd.                                      | England         |

 

----

|                                                        |                     |
|-------------------------------------------------------------|--------------------------|
| Six Continents (USA) Franchising        Inc.                | Delaware, USA            |
| SNC de L’Hotel Inter-Continental        Paris         | France                   |
| Soaltee Hotel Ltd. (10%)                                    | Nepal                    |
| Societe des Grands Hotels        du Liban (2%)              | Lebanon                  |
| Societe des Hotels InterContinental        France SNC       | France                   |
| Societe des Hotels Reunis        SAS                        | France                   |
| Societe des Hotels Six        Continents France SNC         | France                   |
| Societe Immobiliere Kinoise        SZARL (50%)              | Rep of Congo, Zaire      |
| Societe Nouvelle du Grand        Hotel SA                   | France                   |
| Solo’s                                                | N/A                      |
| Southern Pacific Hotel        Corp. (BVI) Ltd.              | British Virgin Islands   |
| Southern Pacific Hotel        Corp. Holdings Ltd.           | Australia                |
| Southern Pacific Hotel        Corp. Ltd.                    | Australia                |
| Southern Pacific Hotel        Corp. (NZ) Ltd.               | New Zealand              |
| Southern Pacific Hotel        Corp. Sdn Bhd                 | Malaysia                 |
| Southern Pacific Hotels        (Indonesia) Ltd.             | British Virgin Islands   |
| Southern Pacific Hotels        Ltd.                         | Australia                |
| Southern Pacific Hotels        Malaysia Ltd.                | British Virgin Islands   |
| Southern Pacific Hotels        Operations Ltd.              | British Virgin Islands   |
| Southern Pacific Hotels        Properties Limited           | British Virgin Islands   |
| Southern Pacific Hotels        (Technical Services) Limited | British Virgin Islands   |
| Southern Pacific Hotels        (Vanuatu) Ltd.               | Vanuatu                  |
| Southern Table Water Co.        Ltd.                        | England                  |
| Southwick Ltd.                                              | Cayman                   |
| SPH International Pty Ltd.                                  | Australia                |
| SPHC (Asia) Limited                                         | Hong Kong                |
| SPHC Australia Ltd.                                         | Singapore                |
| SPHC Equities Ltd.                                          | New Zealand              |
| SPHC (IP) Pty Ltd.                                          | Australia                |
| SPHC Group Pty Ltd.                                         | Australia                |
| SPHC Management Ltd.                                        | Papua New Guinea         |
| SPHC Nominees Pty Ltd                                       | Australia                |
| SPHC (NZ) Holdings Ltd.                                     | New Zealand              |
| SPHC Operations (NZ) Ltd.                                   | New Zealand              |
| Spirit Health and Fitness        Ltd.                       | England                  |
| SSABCO Ltd. (liquidation        candidate)                  | England                  |
| Starburst Hospitality Services        Ltd.                  | Hong Kong                |
| Stella Hotelentwicklungs        GmbH (Essen)                | Germany                  |
| Stella Hotels Holdings        GmbH (50%)                    | Germany                  |
| Stranton Mill Trustee & Nominee        Co. Ltd.         | England                  |
| Sunfresh Soft Drinks Ltd.                                   | England                  |
| TAK How Investment Limited        (10%)                     | Hong Kong                |
| THISCO                                                      | Delaware, USA            |
| TH Management Ltd.                                          | New Zealand              |
| TLCI Limited                                                | New Zealand/Cook Islands |
| Tahiti Bachcomber SA (15.8%)                                | Tahiti                   |
| Tape Systems Ltd.(85%)                                      | England                  |
| The Dover Motel Limited                                     | England                  |
| “The Londoner” (Hotel)        Ltd.              | England                  |
| The GL Hotels Ltd. (12.6%)                                  | India                    |
| The Hotel Clearing Corp.                                    | Delaware, USA            |
| Tian An Hotels International        Limited (50%)           | Hong Kong                |
| Top of the Cross Pty Ltd.                                   | Australia                |
| TotRusUs (Russian Branch        of HH Hotels (EMEA) BV      | Russia                   |
| Town Park Hotel Corporation                                 | Tennessee,USA            |
| Travel Holdings (Australia)        Pty Ltd.                 | Australia                |

 

----

|                                                  |                     |
|-------------------------------------------------------|--------------------------|
| Travelodge Cook Islands Ltd. (See TLCI Limited)       | New Zealand/Cook Islands |
| TravelWeb LLC                                         |                     |
| Travlex Systems Ltd.                                  | Australia                |
| Trent Technology Ltd.                                 | England                  |
| Trifaith Investments Ltd.                             | British Virgin Islands   |
| Union Leasing Company Ltd.                            | England                  |
| Universal de Hoteles SA                               | Colombia                 |
| Verkaja B.V.                                          | The Netherlands          |
| Victoria Hotels (Christchurch) Ltd.                   | New Zealand              |
| VP Hotels Pty Ltd.(now IHG    (Victoria Park) Pty Ltd | Australia                |
| White Shield Insurance Company Ltd.                   | Gibraltar                |
| R. White & Sons Ltd.                              | England                  |
| Willard Associates (15.47%)                           | District of Columbia     |
| World Trade Center Montreal Hotel Corp. (74.11%)      | Quebec, Ontario          |
| Yokohama Grand Intercontinental Hotel Co. Ltd. (5%)   | Japan                    |

 

----