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Hotel Properties Group and IHG Sign Management Agreement
for First Holiday Inn Resort in the Republic of Maldives;
Re-Branding as Holiday Inn Resort Kandooma

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Malé, the Maldives, 15 October 2009 – IHG (InterContinental Hotels Group) today announced that it has signed an agreement with Leisure Holidays Private Limited (LHPL), a Hotel Properties Limited (HPL) Group company, to takeover on 1 November 2009 and re-brand Kandooma Maldives to Holiday Inn Resort Kandooma.

Holiday Inn Resort Kandooma is the first Holiday Inn Resort in the Republic of Maldives, and will be the second Holiday Inn property in the Republic to carry the look-and-feel and service standards of the refreshed Holiday Inn brand.

LHPL, the owning company of Kandooma Maldives, is a subsidiary of HPL. HPL is listed on Singapore Exchange Limited (SGX), and its principal businesses include hotel ownership and management, property development and investments.

“This partnership gives us the opportunity to begin a relationship with IHG. We are confident of the strength of the new Holiday Inn brand, and believe the new Holiday Inn Resort Kandooma will provide a unique guest experience in this segment of the Maldives market,” said Stephen Lau, Chairman of HPL Hotels & Resorts Pte Ltd and Executive Director of HPL.

The 160-room resort is built on Kandooma Island in the South Malé Atoll, which lies 35 km south of Malé International Airport, via a forty minute speedboat ride.

Kandooma Island is a favoured tropical isle because of its close proximity to many excellent dive sites. The Kandooma Channel, Kandooma Caves and Kandooma ‘Thila’ (an undersea mount) dive sites all contribute to making the island one of the Republic’s most sought after destinations for divers.

The Holiday Inn Resort Kandooma will feature villas with great sea or garden views and extensive food & beverage options. This includes a specialty restaurant with Mediterranean-Thai cuisine, a well stocked wine room, and a rooftop lounge serving tapas.

Sports and recreational facilities at the resort include the Dive Centre, Kandooma Kids’ Club, full spa services at the COMO Shambala Spa and 3 radio channels with resident radio DJs. Guests can also enjoy activities such as dolphin watching, windsurfing, snorkelling, guided kayak safaris, and underwater hockey.

“This partnership is both a fantastic opportunity for IHG to build a relationship with a partner like HPL and to introduce a brand-defining resort property under the new Holiday Inn brand. I have every confidence that guests will enjoy the facilities and service experience at the Holiday Inn Resort Kandooma, which will be a refreshing new hotel option in the Maldives,” said Jan Smits, Managing Director, IHG Asia Australasia.

About IHG

InterContinental Hotels Group (IHG) [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 4,300 hotels and almost 630,000 guest rooms in nearly 100 countries and territories around the world.  The Group owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites®, and also manages the world's largest hotel loyalty programme, Priority Club® Rewards with 44 million members worldwide.

IHG has nearly 1,600 hotels in its development pipeline, which will create 140,000 jobs worldwide over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

IHG offers information and online reservations for all its hotel brands at www.ihg.com and information for the Priority Club Rewards programme at www.priorityclub.com. For the latest news from IHG, visit our online Press Office at www.ihg.com/media

About Holiday Inn Relaunch

Holiday Inn is in the midst of the biggest relaunch in hospitality history creating a more contemporary brand image including a new logo, and driving consistency in all 3,296 Holiday Inn brand family hotels around the world.  With over 1,000 hotels already relaunched worldwide, the completion of the relaunch of the global estate is expected to be completed in 2010.

About HPL

Hotel Properties Limited (HPL) was listed on the Stock Exchange of Singapore in 1982. HPL has interests in 22 hotels spanning 9 countries and has established its position as a niche property developer of prime residential properties, a reputable hotel owner & developer and hospitality management.  The Hotels include Concorde Hotel Singapore, Concorde Hotel Kuala Lumpur, Concorde Hotel Shah Alam, Concorde Inn Kuala Lumpur International Airport, Hard Rock Hotel Bali, Hard Rock Hotel Pattaya, Hard Rock Hotel Penang, Casa del Mar in Langkawi, The Lakehouse in Cameron Highlands, Rihiveli Beach Resort in Maldives, Hilton Singapore, Le Meridien in Port Villa Vanuatu, Uma Paro in Bhutan, Metropolitan Hotel in Bangkok, Fitzpatrick Hotel in New York, Four Seasons Singapore, Four Seasons Bali at Jimbaran Bay, Four Seasons Bali at Sayan, Four Seasons Maldives at Kuda Huraa, Four Seasons Maldives at Landaa Giraavaru, Four Seasons Seychelles and Holiday Inn Resort Kandooma Maldives.

For more information on HPL, please visit www.hotelprop.com.sg


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Contact:

Jean Tan
IHG
Tel: +65 6395 6109
Fax: +65 63956122
jean.tan@ihg.com 

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Also See: Holiday Inn Malé, Maldives Appoints Brett Wilson as General Manager and Nabeel Abdulla as Director of Sales and Marketing / August 2009

Taj Hotels Opens the The Vivanta by Taj in Panaji, Goa, India; The Name Vivanta is Drawn from Vivacity, Vividness & 'Bon Vivant' / May 2009
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