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   Flagship Resort Properties Completes $14.5 million Renovation of the Former Carib Inn; Reopens
as the 222 room Holiday Inn - San Juan

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First Holiday Inn Hotel to open in San Juan

ATLANTA (Dec. 2, 2004) – InterContinental Hotels Group announced today that a newly renovated 222-room hotel in San Juan has opened as the Holiday Inn-San Juan after completing a $14.5 million renovation.

The hotel boasts contemporary décor throughout the lobby and guestrooms and renovations include newly designed bathrooms in all guestrooms, high-impact glass windows and new air conditioning throughout. A free-formed pool and tropical deck area were also part of the hotel’s renovations.

“We are pleased to welcome San Juan’s first Holiday Inn to our family of hotels,” said Mark Snyder, senior vice president, Brand Management, Holiday Inn Hotels & Resorts. “Development in resort destinations is key in expanding our Holiday Inn consumer base and establishing a strong presence in one of America's most well-known tourist spots.”

“Forty years ago, the San Juan Racquet Club sat on this property, and later became the Carib Inn until 1998,” said Rick Newman, president, Flagship Resort Properties. “Vacant for six years, we purchased the property, invested more than $14.5 million to convert this property to a Holiday Inn and we are thrilled with the end result.”

The Holiday Inn-San Juan, which is owned and managed by Flagship Resort Properties under a license agreement with a company in the InterContinental Hotels Group, is located at 8020 Tartak St., Carlina, Puerto Rico. Telephone: (787) 253-9000; Facsimile: (787) 791-2246.

The Holiday Inn-San Juan offers a variety of amenities such as an outdoor pool, business center, 24-hour front desk, express check-out, in-room video check-out, same day laundry and valet, car rental desk, tour desk, gift shop and babysitting services. The hotel also features live entertainment—jazz and piano. With 15,000-sq. ft. of function space, including two ballrooms and eight meeting rooms, the hotel is available for business meetings and banquets.

The hotel has three themed dining facilities: Vin Santo, a contemporary tapas and wine bar; J.H. Yee’s, a modern Asian-fusion eatery and Fantasia, serving Californian-Caribbean cuisine and the Holiday Inn Best-4-Breakfast® menu. The restaurants also offer the Kids Eat Free program, where up to four children per family eat free for up to three meals per day at all Holiday Inn hotels in the United States and Canada. To participate, kids must be age 12 or younger, order from the kids’ menu in the hotel restaurant and be accompanied by a dining adult. The hotel also features David’s Cookies.

With more than 1,500 hotels worldwide, Holiday Inn Hotels and Resorts is the most widely recognized lodging brand in the world. Holiday Inn Hotels and Resorts provides the services that business travelers need, while also offering a comfortable atmosphere where all people can relax and enjoy amenities such as restaurants and room service, swimming pools, fitness centers and comfortable lounges. 

InterContinental Hotels Group PLC of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)] is the world’s most global hotel company and the largest by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, more than 3,500 hotels and 536,000 guest rooms in nearly 100 countries and territories around the world. 


 
Contact:
Natasha Gullett
Holiday Inn
Natasha.Gullett@ichotelsgroup.com
770-604-5597
Also See: Puerto Rico Convention Center at 580,000 Sq Ft Likely to Redefine the tourism landscape for San Juan / June 2003
Tishman Realty and Puerto Rico’s Hotel Development Corporation Acquire the 240-room Wyndham Old San Juan Hotel & Casino; Will Rebrand Sheraton / February 2004
Jack Katz, Owner of the 125 room San Juan Airport Hotel, Adds Best Western Flag / August 2004


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