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IHG To Open a Crowne Plaza Hotel in Hanoi, Vietnam in 2010
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Tran Hong Quan Trading Selects the Crowne Plaza Brand to be
Part of a US$65 million Mixed-development Complex


Singapore, 28 September 2007 – IHG (InterContinental Hotels Group) has signed an agreement with Tran Hong Quan Trading to manage the Group’s first Crowne Plaza hotel in Vietnam’s capital city of Hanoi. Scheduled to open in early 2010, the new hotel will be known as Crowne Plaza West Hanoi and will be part of a US$65 million mixed-development complex. The complex will also feature an upmarket commercial centre and luxury serviced apartments. 

The Crowne Plaza West Hanoi will have an unrivalled location in a new urban centre known as New Hanoi. The hotel will be situated next to the National Stadium and Sports Complex, which hosted the 2003 South East Asian Games. In close proximity are the National Convention Centre, the Underwater Sports Centre and a high-end residential, commercial, retail and entertainment hub.  

Jan Smits, chief operating officer, Southern Asia and Korea, IHG Asia Pacific, said: “Hanoi is fast gaining a reputation as a business and meetings, incentives, conventions and exhibitions travel destination and Crowne Plaza Hotels & Resorts as an upscale brand for business meetings and social interactions is well-positioned to meet the needs of this expanding market.  With the increasing number of business and leisure travellers into Hanoi, IHG is poised to capture a substantial share of this strong growth potential.”

Tran Hong Quan, Director of Tran Hong Quan Trading, a Vietnam-based company with interests in real estate, investments, construction and gas supply, said: “We are pleased to partner with IHG on Hanoi’s much anticipated mega project. The opening of Crowne Plaza West Hanoi will address the city’s need for high quality accommodation in the five-star hotel category. The hotel’s opening is well timed with the completion of the mixed development project in early 2010.” 

Hanoi, a popular destination in northern Vietnam, is expected to attract two million international travellers and seven million domestic visitors by 2010. The capital city saw a 14% increase in tourist arrivals to 665,000 in the first half of 2007.  

IHG has a development pipeline of four hotels in Vietnam. InterContinental Hanoi Westlake is scheduled to open in November 2007, with another three hotels slated for opening in 2009. These include Crowne Plaza Danang, InterContinental Asiana Saigon in Ho Chi Minh City and InterContinental Danang Resort on the Son Tra Peninsula. 

About Crowne Plaza Hotels & Resorts 
Defined as “The Place to Meet”, Crowne Plaza is the world’s fastest growing upscale hotel brand with more than 275 strategically located hotels in key cities around the globe. In the Asia Pacific region, there are 52 Crowne Plaza properties with more than 30 new hotels in the pipeline, in gateway cities like Singapore, Bangkok and Guangzhou. 

About IHG
InterContinental Hotels Group PLC (IHG) of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms.  IHG owns, manages, leases or franchises, through various subsidiaries, over 3,800 hotels and more than 564,000 guest rooms in nearly 100 countries and territories around the world. IHG owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®, and also manages the world's largest hotel loyalty programme, Priority Club® Rewards with over 33 million members worldwide.

The company pioneered the travel industry’s first collaborative response to environmental issues as founder of the International Hotels and Environment Initiative (IHEI). The IHEI formed the foundations of the Tourism Partnership launched by the International Business Leaders Forum in 2004, of which IHG is still a member today. The environment and local communities remain at the heart of IHG’s global corporate responsibility focus.

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Contact:

Charles Yap
  IHG Asia Pacific
  +65 9829 0310
  charles.yap@ihg.com 
 

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Also See: The Grand Hôtel Métropole in Hanoi was the Premier Hotel of French Indo-China; Restored to its Former Glory the Hotel Had One Problem, Nobody Knew When it Had Opened its Doors / October 2006
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