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IHG Plans Further Investment to Augment Recent Growth in the Caribbean

Launches Renovation Projects in the Region After Adding Four New Hotels
to its Caribbean Pipeline in the Past 12 Months


ATLANTA - 25 October, 2012 – IHG® (InterContinental Hotels Group), one of the world’s leading, global hotel companies, today announced renovation plans for upscale and resort properties in key Caribbean markets, alongside recent additions to the region’s existing hotels. Owner and franchisee community continues to demonstrate confidence in IHG’s portfolio of strong brands, growing the Holiday Inn® Brand Family, including Holiday Inn, Holiday Inn Express® and Holiday Inn Resort®, as well as Crowne Plaza® Hotels & Resorts estate.

IHG continues to deliver on its long-term business strategy to drive guest satisfaction even higher and capture additional market share through investment in its Holiday Inn Resort Aruba property to renovate the 597-room resort destination, a landmark property on the Island. Renovations and upgrades to the facility further IHG’s efforts to expand presence in top resort markets around the world. The Holiday Inn Resort brand caters primarily to leisure guests seeking practical indulgence and relaxation.

Demonstrating loyalty to IHG’s brands, the owners of the InterContinental® San Juan hotel have committed to a multi-phase refurbishment of the 398-room beachfront, luxury resort that commenced in fall 2012. During the first phase, updates will include new guestroom bedding and décor, as well as the complete remodeling of each meeting room, providing even more comfortable and spacious accommodations.

“We are excited about the expansion of IHG’s presence in the Caribbean through our midscale Holiday Inn family of hotel brands, which are a growth engine for us globally,” said Alvaro Diago, chief operating officer, Latin America and Caribbean, IHG. “That sector’s growth, coupled with our investment and that of owners of the InterContinental Hotels and Crowne Plaza brands, makes IHG well-positioned to meet growing consumer demand in the region.”

Additionally, four new hotels were signed into the active hotel development pipeline within the past 12 months, including:
  • Crowne Plaza® San Juan – New-build 264-room hotel, expected to break ground in late 2012 and open in 2014 at the new Mall of San Juan multi-use retail and entertainment complex
  • Holiday Inn Isla Verde – New build 225-room hotel, to be managed by IHG, expected to open in 2015, conveniently located in proximity to the capital district and international airport
  • Holiday Inn Express Nassau, Bahamas – 58-room conversion property, expected to break ground before the end of 2012 and open in summer 2013
  • Holiday Inn Resort Grand Cayman – 117-room conversion resort, near the island’s renowned Seven Mile Beach, expected to open in early 2013
Currently, IHG has 80 hotels open in its Latin America and Caribbean region, with 19 additional hotels in the development pipeline representing more than 3,100 new rooms.

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, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG also manages Priority Club® Rewards, the world’s first and largest hotel loyalty programme with over 67 million members worldwide.

IHG franchises, leases, manages or owns over 4,500 hotels and more than 666,000 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.
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Contact:

Suzette Meade
IHG
suzette.meade@ihg.com
+1(770) 604-5793

Israel Kreps
Kreps DeMaria PR
ikreps@krepspr.com
+1(305) 663-3543


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