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To Meet the New Requirements of InterContinental Hotels & Resorts,
Owner Promotora de Hoteles S.A Invest $4 million in Renovations
at the InterContinental Medellin in Columbia
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September 15, 2006 - InterContinental Hotels Group Announces Re-Launch of the InterContinental Medellin; Promotora de Hoteles Medellin S.A. Invests More Than $4 Million to Update Medellin's Most Iconic Hotel 

MIAMI - Sept. 15, 2006 -- InterContinental Hotels Group today announced the re-launch of the InterContinental Medellin. The hotel was modernized through substantial renovations to elevate its facilities and meet the new requirements of InterContinental Hotels & Resorts. Promotora de Hoteles S.A., the hotel's owning company and an affiliate of Grupo Empresarial Antioqueno, invested more than US $4 million in this renovation. A re-launch event to celebrate the hotel's significant milestone was held recently. 

Nearly 1,000 guests joined the Mayor of Medellin, Sergio Fajardo Valderrama, and the Governor of the State of Antioquia, Anibal Gaviria Correa to celebrate the re-launch of the hotel. 

Located in a residential neighborhood called, El Poblado, since 1970, the InterContinental Medellin is situated on a mountainside and enjoys sweeping views of both the city and the valley. The 294-room hotel has been an iconic symbol of the city of Medellin and its history over the past three decades. 

"The InterContinental Medellin's recent renovations are nothing short of spectacular," says Alvaro Diago, area president, InterContinental Hotels Group, Latin America. "I believe guests most certainly will be amazed by the hotel's elegantly appointed new look within the heart of such a vibrant city. I believe the InterContinental Medellin will keep its reputation as one of the finest hotels in Colombia and I am thrilled to be a part of this wonderful time in the hotel's history," adds Diago. 

Major renovations were made to the hotel's guest rooms, including the Presidential suite, as well as the swimming pool and recreation areas, reception and lobby area and the trendy Bari bar. Additionally, the hotel's meeting space and restaurants were updated. New, beautiful gardens and landscaping were redesigned under the support of the Medellin Botanical Gardens. 

"For the past 36 years, this hotel has provided valuable service to the city and country not only welcoming travelers but also being an exclusive scenario for social, political and historical events of our nation. We look forward to continue serving our guests for many years to come," said Dario Munera Arango, President of the Board of Directors of Promotora de Hoteles S.A. 

Colombia has enjoyed a considerable influx of tourists lately and it continues to steadily increase. Colombia is a South American jewel blessed by its magnificent geographic location, lively cities and warm people. Medellin particularly has a vibrant energy and has been one of Colombia's pride in a variety of industries among them fashion and textile which have occupied outstanding international recognition globally. 

"By revamping and adding new hotels in the region, we are contributing back to the tourism industry in Colombia, and we are proud to be doing so," concludes Diago. "We have always believed in Colombia and its people. We have also seen the region's significant and considerable economic developments within all its industries and that is why IHG continues to maintain a major presence in Colombia." 

About InterContinental Hotels & Resorts 
InterContinental Hotels & Resorts was the first truly international hotel brand in the world, and quickly became the symbol of glamour, sophistication and success that years later, continue to define global travel. The brand is committed to providing its guests with memorable and unique experiences that enrich their lives and broaden their outlook. InterContinental offers services and amenities specifically designed for the international business traveler, while maintaining the delicate balance of luxury expectations with authentic local experiences that enhance the leisure stay as well. Located in more than 60 countries, InterContinental continues to expand in key destinations around the globe. With 142 properties in 63 countries, InterContinental Hotels & Resorts are located in major urban centers, gateway cities and resort destinations worldwide. 

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Contact:

 InterContinental Hotels Group, Miami
Cristina Planas, 305-663-3543
cplanas@krepspr.com
http://www.ichotelsgroup.com

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Also See: Owners Decide to Re-brand the Revered InterContinental Tequendama Bogota; Will Re-position to the Crowne Plaza Brand / September 2006


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