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Dubai International Capital’s Majority-Owned Ishraq Gulf Real Estate Holding
Company and IHG Open the 274-room Holiday Inn Express Bahrain

Luca De Stefano Appointed as General Manager

Manama, 13 August 2012
– Dubai International Capital’s (‘DIC’) majority-owned Ishraq Gulf Real Estate Holding Company and IHG (InterContinental Hotels Group), today announced the opening of the Holiday Inn Express Bahrain. With over 2,100 hotels worldwide, Holiday Inn Express is one of the fastest growing hotel brands in the world.

The 274-room hotel, which cost USD 40 million to build, marks the debut of the brand in Bahrain. The hotel is strategically situated on Exhibition Avenue, minutes away from Bahrain International Airport, the King Fahd Causeway, Bahrain Financial Harbour, diplomatic missions and the shopping district.

Holiday Inn Express Bahrain (www.hiexbahrain.com) has a unique operating model that addresses the needs of price-conscious business and leisure travellers seeking quality accommodation at affordable rates. The hotel features a 24-hour self-service business centre, free high speed internet connection, gym, the Great Room restaurant, 24-hour kiosk and lounge bar and has been given a local ‘four star’ rating.

Maissan AI Maskati, Chairman, Ishraq Gulf Real Estate Holding and Managing Director, Private Equity, Dubai International Capital commenting on the launch said: “We are confident that the limited service offer will be extremely popular in Bahrain. There are currently few options in Manama for price-conscious business and leisure travellers seeking ultra-modern accommodation at affordable rates and strategically located in the heart of the central business district community.”

Holiday Inn Express Bahrain is operated by Ishraq Hospitality Management, a subsidiary of Ishraq Gulf Real Estate Holding Company, under a franchise agreement with IHG. Luca De Stefano has been appointed General Manager in charge of a team of 70 employees.

Pascal Gauvin, IHG’s Chief Operating Officer, for India, Middle East and Africa said: “Holiday Inn Express is going from strength to strength across Asia and the Middle East. Following our recent brand launch in Thailand, we’re thrilled to see the brand open up in Bahrain, just shortly before we launch in India later this year. As Bahrain’s first limited service hotel, and with the Ishraq management team behind it, we’re confident Holiday Inn Express Bahrain will be a great success.”

About Holiday Inn Express

Holiday Inn Express hotels are modern hotels for value-oriented travelers. Fresh, clean and uncomplicated, Holiday Inn Express hotels offer competitive rates for both business and leisure travelers. Guests Stay Smart® at Holiday Inn Express hotels where they enjoy a free hot Express Start® Breakfast Bar, free high-speed Internet access and free local phone calls (US and Canada only). There are currently more than 2,000 Holiday Inn Express hotel locations around the globe. For more information about Holiday Inn Express hotels or to book reservations, call 1-800-HOLIDAY or visit http://www.hiexpress.com/.

About InterContinental Hotels Group

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with nine hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, as well as our two newest brands, EVENTM Hotels and HUALUXETM Hotels & Resorts. IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 65 million members worldwide.

IHG franchises, leases, manages or owns over 4,500 hotels and more than 661,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate 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.

Visit www.ihg.com for hotel information and reservations and www.priorityclub.com for more on Priority Club Rewards. For our latest news, visit www.ihg.com/media, www.twitter.com/ihgplc, www.facebook.com/ihg or www.youtube.com/ihgplc.

Contact:

Brunswick (on behalf of Ishraq Gulf Real Estate Holding)
Rupert Young
Tel: +971 4 446 6270
Email: ryoung@brunswickgroup.com

IHG
Emma Corcoran
Tel: +971 4 213 6069
Email: emma.corcoran@ihg.com


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.. .

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