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InterContinental Hotels Group Signs Nine
New Management Contracts in China

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Beijing, May 26, 2004 - InterContinental Hotels Group's market dominance in China  received another major boost with the signing of nine new management contracts.  The signing, which took place at last night's cocktail event at Crowne Plaza Park View Wuzhou in Beijing, attended by Group Chief Executive Mr Richard North,  Managing Director, Asia Pacific,  Mr  A. Patrick Imbardelli, as well as the Asia Pacific management team and members of the media.  In  addition  to scoring yet another industry first for signing the most  number  of  deals at one time, this event also marked the debut of Express by Holiday Inn in Greater China. Two of the nine new hotels will fly the Express by Holiday Inn flag. And of the other new hotels being added to the Group's portfolio, one is an InterContinental Hotel, three are Holiday Inn Hotels and three are Crowne Plaza Hotels.

Said Mr Imbardelli, "The Chinese market is ready for Express by Holiday Inn. With  the strong  economic outlook  and  the  projected increase in domestic  travel  and  in  the number of independent travellers coming into China,  Express by Holiday Inn  will enable us to fully tap into this burgeoning segment."

"These latest deals will augment our presence in Greater China and are concrete  proof that we are indeed the partner of choice. Our growing portfolio clearly demonstrates that our partners recognise the value of our award-winning  brands  and have a deep confidence in our ability to deliver memorable  guest  experiences  and exceptional business performance. We are pioneers  in  the  hotel  industry in China and have been unwavering in our commitment. This is a key market for us and we will continue to nurture our partner   relationships  and  build  on  our  successes  here,''  added Mr Imbardelli.

New additions to China Portfolio

InterContinental  Moon  Valley  Beijing  will  open  in  2007. Owned by the Dongrun  Group, the proposed hotel will be located near the "Water Basin of Beijing"  the Miyun Reservoir. With 280 rooms, 25 villas, seven food and beverage  outlets,  multiple  meeting  rooms and a multi-functional banquet room,  this  proposed  hotel  will  provide  the  best leisure, meeting and convention facilities in the area.

Scheduled  to  open  early  next  year,  the proposed Crowne Plaza Longgang Shenzhen  in Guangdong province is a 300-room hotel, situated in the centre of  Longgang  district,  in  Shenzhen.  Offering premium accommodation with enhanced meetings services and the latest in communication, information and entertainment  technology,  the  new proposed hotel is owned by real estate developer    Shenzhen    Zhilianjia   Industrial   Co.   Ltd.   The   other InterContinental  Hotels  Group  hotels in Shenzhen are Holiday Inn Donghua Shenzhen and Crowne Plaza Shenzhen.

The  proposed  300-room  Crowne  Plaza  Tianjin  will be located in Nan Kai district,  a  major  commercial  area in Tianjin. The proposed hotel, which will  open next year, is close to the famous Commercial Street and is owned by  Tianjin Longqiao Real Estate Development Co. Ltd., a subsidiary of real estate  developer, Tianjin Pharmaceutical Group. The proposed hotel is part of  a  complex  that  will  also  include  a  shopping  mall,  offices  and residential  apartments.  The  new  hotel  will  be InterContinental Hotels Group's second in the city, after Holiday Inn Tianjin.

By  the  end of next year, the proposed Crowne Plaza Science City Guangzhou in  Guangdong  province  will  also welcome its first guests. This 350-room hotel  is  owned by Guangzhou Science City Entrepreneur Service Centre Co., Ltd,   a   sub-company   of   Guangdong   Kingtown   Group.  This  will  be InterContinental  Hotels  Group's  third  hotel  in Guangzhou Science City, after  Holiday  Inn  City Centre Guangzhou and Holiday Inn Shifu Guangzhou. Located about 30 minutes from the airport, the new proposed hotel will have dedicated  business  amenities  and  facilities that will ensure successful business meetings.

The  proposed  Holiday  Inn  Changshu  in  Jiangsu  province  will be first internationally  branded  hotel in Changshu city. Located in the heart of a rapidly  developing  zone  close to the Changshu City Government Office and Exhibition Centre, the proposed hotel, owned by Changshu Zhong Jiang Import &  Export  Company Limited, will have 250 rooms and is scheduled to open in 2006.

And when the proposed 271-room Holiday Inn North Chongqing opens in Sichuan province in 2006, it will be the InterContinental Hotels Group's third hotel in Chongqing, after Holiday  Inn Yangtze  Chongqing  and  the InterContinental  Chongqing. Chongqing Changan Real Estate Development Co. Ltd. owns the new proposed hotel. It will be conveniently located at the junction of two main districts, the Yubei and Jiangbei districts, which are close to a new industrial development zone and several upmarket residential projects.

Erdos State Guest House, belonging to the Erdos City Government, owns the proposed Holiday Inn Erdos, InterContinental Hotels Group's second hotel in Inner  Mongolia. Located  a  mere  five minutes from the city's main train station,  the  proposed new hotel will occupy an area of about 29,000 sqm. Phase I of the project will have 144-rooms and upon completion of Phase II, there will be a total of 220 guest rooms. The hotel is scheduled to open by the end of  this year  and will be equipped  with quality meeting and recreational facilities, including a multi-function room that  can accommodate up to 400 guests. The expected opening date of the hotel is end 2004.

Situated in the heart of Xi'an city's business and shopping district is the proposed  Express by Holiday Inn Bell Tower Xi'an. It will be just 500m north of  the city's  central point and local icon, the Xi'an Bell Tower. The  proposed  300-room  hotel, owned by Xian Wanye Housing and Real Estate Development  Co. Ltd, a JV real estate development company, is scheduled to open in 2006.

And  already  open  for  business,  is the re-branded, 271-room Express by Holiday Inn Zhengzhou in Henan province. It is situated in the city centre, close to the provincial government offices and shopping areas. The hotel is owned  by  Zhong  Zhou  Guesthouse  Co.  Ltd,  which also owns Crowne Plaza Zhengzhou and Holiday Inn Zhengzhou.

The InterContinental Hotels Group opened its first hotel, the Holiday Inn Lido,  in  Beijing in 1984. Now 20 years on, the Group has 26 Holiday Inn Hotels  in China.  There are also 15 Crowne Plaza Hotels and four InterContinental  Hotels. "With our current 45 hotels, we already have the widest  distribution  network  in  China.  The  new deals are part of our sustained  expansion plan and will help ensure that our leadership position in  China  remains  secure. The  deals  indicate  that  we are on track to doubling our numbers in China within the next three years. Our 20th year of operation  in China is definitely  off to a brilliant start," said Mr Imbardelli.

InterContinental  Hotels Group PLC of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)],  owns,  manages,  leases  or franchises more than 3,500 hotels and 535,000  guest  rooms  in  nearly  100 countries and territories around the world.

Contact:
InterContinental Hotels Group
Joanna Ong
Tel: (65) 6395 6074
E-mail: joanna.ong@ichotelsgroup.com
www.ichotelsgroup.com

 
Also See: The World's Biggest Hotel Chains Planning Major Expansion in Asia; China Hotel Industry is the Certain Winner / HOTEL Asia Pacific / December 2003
Shanghai Waigaoqiao Keepgrand Hotel Co Ltd Developing 399-room Crowne Plazai in Pudong, Shanghai / Aug 2003


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