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| Singapore, November 5, 2010 – IHG
(InterContinental Hotels Group), the world’s largest hotel group by
number of
rooms, together with Ayala Land Inc., the largest and most experienced
real
estate developer in the Philippines,
announced their strategic alliance to open the first Holiday Inn &
Suites
in Manila. The 347-room Holiday Inn & Suites Makati will be the first purpose-built Holiday Inn property in the Philippines. The hotel will be built on top of a redeveloped Glorietta Mall in Ayala Center in Makati City, a major commercial and economic hub and home to headquarters and offices of many international companies. Holiday Inn & Suites Makati will feature the look-and-feel, service standards and quality facilities that reflect the new Holiday Inn brand identity. This new development is expected to attract a healthy share of the corporate and Meetings, Incentives, Conventions and Exhibitions (MICE) business given the hotel’s proximity to the international airport as well as other commercial facilities in Makati City, which is widely regarded as the financial capital in the Philippines. The hotel will have a broad range of business facilities including several meeting and function rooms, a boardroom, a business center and an executive lounge. It will also include several amenities that will allow guests to “recharge, relax and recreate” such as a spa, a fitness gym, an all-day dining restaurant and bar, a roof deck swimming pool and sky lounge bar. When completed, the hotel’s unique position on top of Glorietta Mall will give it excellent visibility and allow guests the convenience of accessing one of the biggest retail and entertainment complexes in Metro Manila. Holiday Inn & Suites Makati is set to welcome guests by 2013, and will be the second Holiday Inn-branded property in the capital city of the Philippines. “This is a milestone project for us. As the first new-build Holiday Inn in the Philippines, this hotel will be a fantastic showcase of the refreshed Holiday Inn brand. This also deepens our valued ties with Ayala Land, a relationship that we have had for four decades,” said Jan Smits, Managing Director, IHG Asia Australasia. Holiday Inn & Suites Makati will be IHG’s second partnership with Ayala Land, which also owns the InterContinental Manila. Ayala Land is majority owned by Ayala Corporation, one of the largest and most widely diversified conglomerates in the Philippines today, whose business portfolio ranges from real estate and financial services to automotive, telecommunications and water infrastructure management. About IHG InterContinental Hotels Group (IHG) [LON: IHG, NYSE:IHG (ADRs)] is the world’s largest hotel group by number of rooms. IHG franchises, leases, manages or owns, through various subsidiaries, over 4,500 hotels and more than 650,000 guest rooms in 100 countries and territories around the world. The Group owns a portfolio of well recognized 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 program, Priority Club® Rewards with 52 million members worldwide. IHG has over 1,300 hotels in its development pipeline, which will create 160,000 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 information for the Priority Club Rewards program at www.priorityclub.com. For the latest news from IHG, visit our online Press Office at www.ihg.com/media |
| Contact: Jean Tan IHG Asia Australasia [email protected] +65 9230 3550
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