Scandinavian Airlines System is paying $500 million...

Scandinavian Airlines System is paying $500 million in cash for a 40% stake in the Inter-Continental Hotels chain owned by Seibu Saison, a privately owned Japanese retail and leisure group . . . Phoenix-based America West airline asked the Transportation Department for permission to fly from Honolulu to Tokyo as part of its long-range plan to serve the Pacific basin. America West does not now fly to Honolulu but plans to be serving that city by the end of this year . . . Neiman Marcus Group said it has signed a letter of intent to build its first Neiman Marcus store in Ohio, scheduled for opening in 1992 at Tower City Center, a $400-million complex in downtown Cleveland.