Take context from the input text and decide on the accurate relationship between 'InterContinental' and 'InterContinental Hotels Group PLC' from the options provided.
Options: distributed by, owned by, subsidiary, industry

Movers: InterContinental Hotels Group PLC IHG, +3.07% IHG, +4.57% rose 3.1% after it said it would sell InterContinental Hong Kong to a consortium of buyers for $938 million.
owned by