IHG Hits the Hundred Mark for Development Deals
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IHG Hits the Hundred Mark for Development Deals
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Category: Worldwide -
This is a press release selected by our editorial committee and published online for free on 2005-12-13
In Europe, Middle East and Africa InterContinental Hotels Group (IHG) accelerates the expansion of its brand portfolio with a series of over 100 development deals.
New openings for 2005 to date comprise:
5 InterContinental hotels in Egypt, Cyprus, Germany and Jordan
4 Crowne Plaza hotels in Finland, Slovak Republic and UK
26 Holiday Inn hotels in France, Germany, Russia, Kuwait, Italy, Finland, UK
and UAE
14 Express by Holiday Inn hotels in Czech Republic, France, Germany, Italy, Spain and UK
In the pipeline with contracts already signed are a further 80 hotels:
8 InterContinental hotels in Egypt, Saudi Arabia, Spain, Nigeria, Kuwait, UAE and Serbia & Montenegro
9 Crowne Plaza hotels in Italy, Spain, Jordan, Czech Republic, UAE and UK
28 Holiday Inn hotels in Bulgaria, Egypt, France, UK, Finland, Germany, Italy, Kuwait, Poland, Spain, Russia, Nigeria, Austria, Jordan, Serbia & Montenegro, Ukraine, and Azerbajdjan
30 Express by Holiday Inn hotels in France, Germany, Italy, Republic of Ireland, Spain and UK
2 Staybridge Suites in UK
Richard Hartman, Managing Director for InterContinental Hotels Group in Europe, Middle East and Africa (EMEA) commented: “The strength, recognition and perception of our hotel brands are evident in the number of development deals we have secured for 2005 and the forthcoming years. It is also recognition that our conversion of incremental revenue to income profit is one of the highest in the industry. We are clearly seen as a company which is an effective business operator with brands that achieve results.”
InterContinental Hotels Group currently has 618 hotels with over 108,507 rooms in Europe, Middle East and Africa.
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