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 Talbot S.A. Opens Seventh Holiday Inn Express, the
105 room Holiday Inn Express in Puerto Montt, Chile
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MIAMI - Jan. 25, 2006 -- InterContinental Hotels Group (IHG) continues the expansion of its Holiday Inn brand in Latin America with the opening of a 105-room 11-story Holiday Inn Express in Puerto Montt, Chile, one of South America's most scenic southern cities on the Pacific Ocean.

Situated directly on the ocean in the heart of the city's shopping district, Mall Paseo Costanera, the Holiday Inn Express Puerto Montt, is the 29th hotel opening for the Holiday Inn brand in Latin America. It is also the seventh Holiday Inn Express property to open under a franchise agreement with Talbot S.A.

Puerto Montt, known for its rich natural beauty, has a population of over 110,000 that is mostly Chilean but have ancestry that came from Germany or Spain. Their influence can be seen through the city's beautiful architecture and exotic cuisine. Visitors of Puerto Montt can enjoy several artisans' fairs throughout the year as well as the stunning National Parks, such as Vicente Perez Rosales National Park with its unforgettable Cruce de Lagos (Lakes Crossing), and Alerce Andino National Park with its ancient larches. Puerto Montt is also renowned as a starting point for numerous cruises.

"Our mid-market portfolio continues to grow exponentially in Latin America because we have been successful at establishing solid long-term relationships with our owners," said Alvaro Diago, area president, Latin America, InterContinental Hotels Group. "In addition to Talbot S.A.'s Holiday Inn Express Puerto Madero in Buenos Aires, Argentina, and the Holiday Inn Express properties in Chile: Iquique, Concepcion, Antofagasta, Santiago and Temuco, we are very honored to open the Holiday Inn Express Puerto Montt with them as well. I take great pride in saying that we look forward to opening more hotels with them throughout the region."

"As owners of seven Holiday Inn Express properties in Chile and Argentina, we have been extremely pleased with the performance of the brand and our relationship with IHG," said Eduardo Ariztia, managing director, Talbot Hotels, Chile. "We are always on the look-out for joint opportunities with IHG."

Nearly all guestrooms at the Holiday Inn Express Puerto Montt have stunning ocean views. All 105 guestrooms feature large TVs, wireless Internet access, dual-line telephones with voice mail, coffeemakers, mini-bars, hairdryers, irons and ironing boards and in-room safes. The hotel's amenities also include an Express Market convenience store, laundry service, a business center, a fitness facility and two meeting rooms.

Within a year, IHG has opened four Holiday Inn Express brands throughout Latin America. Most recently, IHG opened a Holiday Inn Express brand property in Brazil, the Holiday Inn Express Ave. Sumare Sao Paulo. IHG has a broad range of Holiday Inn properties throughout Latin America, including the Holiday Inn Parque Anhembi, which has been recognized as the largest IHG property in Latin America and the fifth largest Holiday Inn in the world.

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Contact:

Veronica Villegas
305-663-3543
vvillegas@krepspr.com

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Also See: The $8 million Holiday Inn Express Monterrey - La Fe Hotel Opens in Monterrey, Mexico / March 2002

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