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Chicago's Circa 1912 Atlantic Bank Building to Undergo $20 Million Renovation
and Re-Open as the Hotel Indigo Chicago-Millenium Park Hotel

A Spring 2014 Opening is Planned for the 156-room Hotel Owned by Crown Series
168 North Michigan LLC and Managed by First Hospitality Group


ATLANTA (April 26, 2013) - Hotel Indigo®, IHG’s (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)] upscale boutique brand, is continuing its expansion in major U.S. cities with plans for its third hotel in the Chicago market. The hotel, which will be located in the historic downtown area’s Atlantic Bank Building, is expected to open in spring 2014.

The Hotel Indigo Chicago-Millenium Park hotel, located at 168 N. Michigan Ave., will undergo an estimated $20 million renovation by the ownership and will occupy a 101-year-old building that first opened in 1912 as the Federal Life Building. The 156-room hotel will feature design elements that reflect its local neighborhood just north of Millennium Park within Chicago’s central business district.

As part of the extensive renovations, the hotel will add four floors to the building -- bringing the total to 16 stories – housing a rooftop bar, and a restaurant managed by celebrity chef David Burke. The hotel will maintain many of its historic features, including the original white enamel terra cotta exterior, while including the benefits and amenities guests expect from staying with a brand from one of the world’s largest global hotel companies.

“The Hotel Indigo brand is uniquely designed to reflect the culture, character and history of the neighborhoods where our hotels are located,” said Mary Winslow, director, Brand Management, Hotel Indigo, the Americas, IHG. “This hotel will occupy a local landmark on famed Michigan Avenue, one of the most storied neighborhoods in Chicago. The growth of the Hotel Indigo brand in top-tier markets like Chicago, New York and New Orleans proves that guests value the boutique, local neighborhood experience that our hotels provide.”

Set in the heart of Chicago’s vibrant business district, and within walking distance to many of Chicago’s best restaurants, shopping and theater districts, the Hotel Indigo Chicago-Millenium Park hotel will be conveniently located just steps from the Jay Pritzker Pavilion and Millenium Park. The hotel will also be in close proximity to the Magnificent Mile, Grant Park, the Art Institute of Chicago and numerous corporate offices. Within a mile of Interstates 90, 94 and 290, as well as U.S. Highway 41, the Hotel Indigo Chicago-Millenium Park hotel will be served by several bus and train stops and will be close to the Chicago Cultural Center, one of the city’s most popular sites for fundraisers, concerts and other special events.

“We are excited to be involved with bringing the Hotel Indigo brand to downtown Chicago,” said Musa P. Tadros, president, Crown Series 168 North Michigan Avenue LLC, a Frankfort, Ill. based company. “Chicago is a thriving business and travel destination that offers unique local flavors not found anywhere else in the U.S. We look forward to welcoming both business and leisure guests and sharing our neighborhood story with them.”

The Hotel Indigo brand, the world’s first global branded boutique hotel brand, has grown rapidly since launching in 2004. The Hotel Indigo brand continues to be a strong growth vehicle for IHG with its strategy focused on growing in top-tier priority markets and gateway cities. With a quality global pipeline of nearly 50 hotels, the Hotel Indigo estate is expected to double in size to 100 properties within the next three to five years.

The Hotel Indigo Chicago-Millenium Park hotel is one of several Hotel Indigo properties expected to open in key cities throughout the U.S. in the next few years, including New York City, Philadelphia, Newark, N.J., Savannah, Ga. and Pittsburgh. The brand has recently seen growth in top U.S. markets with the 2012 openings of the Hotel Indigo Brooklyn and Hotel Indigo New Orleans Garden District hotels. The Hotel Indigo brand has also seen strong international growth, with the recent opening of the Hotel Indigo Barcelona - Plaza Catalunya hotel, and the upcoming opening of the Hotel Indigo Hong Kong Island hotel, anticipated to open by mid-year.

The Hotel Indigo Chicago-Millenium Park hotel, owned by Crown Series 168 North Michigan LLC and managed by First Hospitality Group, is franchised by an affiliate of IHG.

About Hotel Indigo®
The Hotel Indigo® brand is a global boutique hotel brand that delivers a refreshing and inviting guest experience that is truly reflective of the local community. From the locally-inspired murals to the renewal program where the images, music, scent, and menu items change throughout the year, each Hotel Indigo hotel delivers a vibrant, engaging and genuine boutique experience that gives guests the confidence to step out and explore the local neighborhood. Each Hotel Indigo property is unique and designed to reflect the local culture, character and geography of the surrounding area while brand hallmarks ensure consistent and reliable service from location to location. No two hotels are the same. There are 50 Hotel Indigo hotels open around the globe. With a quality global pipeline of nearly 50 hotels, the Hotel Indigo estate is set to double in size to 100 properties within the next three to five years. For more information or to make a reservation, visit http://www.hotelindigo.com. Find us on Twitter http://www.twitter.com/hotelindigo or Facebook www.Facebook.com/hotelindigo.

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®, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG also manages Priority Club® Rewards, the world’s first and largest hotel loyalty programme with over 71 million members worldwide.

IHG franchises, leases, manages or owns over 4,600 hotels and more than 675,000 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/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.
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Contact:

IHG
Manjusha Sharma
manjusha.sharma@ihg.com
+1(770) 604-8781

Hotel Indigo® Hotels
Caroline Huston
caroline.huston@ihg.com
+1(770) 604-2495


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Also See: Hotel Indigo Brand to Debut in Italy with the 64-room Hotel Indigo Rome-St George; A Q1 2014 Opening is Planned Following the Conversion of the St. George Hotel / April 2013

The 138-room Hotel Indigo Hong Kong Island to Open in May 2013 / February 2013

Hotel Indigo Brand Expands in London and New Orleans Passing the 50th Property Milestone; 14 Hotels Added to Global Portfolio in 2012 / December 2012

IHG's Hotel Indigo Brand Expanding in Europe with Additions of the 77-room Hotel Indigo Barcelona-Plaza Catalunya and the 60-room Hotel Indigo Birmingham-Waterloo Street / September 2012

IHG and LFPI Hotels Management Germany GmbH to Open the 126-room Hotel Indigo Düsseldorf-Victoriaplatz in Germany; The Conversion from the Lindner Rhein Residence into a Hotel Indigo Will Open in 2013 / August 2012

IHG Opens the 142-room Hotel Indigo Atlanta Airport College Park in Georgia Owned and Managed by College Park Hotels / July 2012

IHG Signs First Hotel Indigo in Wales with the 92-room Hotel Indigo Queen Street Cardiff to be Managed by Sanguine Hospitality Ltd / May 2012

Hotel Indigo Opens Second San Diego, California Property with the 94-room Hotel Indigo San Diego Del Mar; Owned and Managed by Pacifica Host Hotels / April 2012

Rayadah Investment Company Partners with IHG to Open Two New Hotels in Riyadh, Saudi Arabia; The 225-room Hotel Indigo Riyadh KAFD and the 218-room InterContinental Riyadh KAFD / March 2012

Hotel Indigo Debuts in Continental Europe with the 81-room Hotel Indigo Berlin Centre Hardenbergstrasse in Germany; Owned by Azure Properties / February 2012

Following a Multi-Million Dollar Renovation, the 41-room Hotel Indigo Santa Barbara Opens in California; Owned by Santa Barbara Beach House Hotel, LP and Managed by Courtland-Dane Management Group / February 2012

InterContinental Hotel Group Signs Deal to Launch the 119-room Hotel Indigo St. Petersburg Tchaikovskiy, the Brand's First in Russia / November 2011

InterContinental Hotels Group to Expand in Russia and the Commonweath of Independent States (CIS) with Plans for 100 Hotels by 2020 / September 2011

IHG Signs 54 Hotels in Europe Adding over 7,800 Rooms Across Crowne Plaza, Staybridge Suites, Holiday Inn, Holiday Inn Express and Hotel Indigo Brands / June 2011

InterContinental Hotel Group's Hotel Indigo Expansion Continues with 135-key New-Build Hotel Indigo Phuket Naithon Beach Resort in Phuket, Thailand / February 2011

InterContinental Hotel Group Opening its First Hotel Indigo® in Asia Pacific by end of 2010 at the Southern Tip of The Bund in Shanghai / December 2010

InterContinental Hotel Group Opening its First Hotel Indigo® in Asia Pacific in May 2010 at Shiliupu Dock at the Southern end of The Bund in Shanghai / January 2010

Real Estate Developer Tai Hung Fai Enterprise Co. Ltd, Building a 150-room Hotel Indigo in Hong Kong / September 2009
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