Bangalore, 30 October 2013: InterContinental Hotels Group (IHG) has signed a deal with South India's leading real estate developer, Brigade Group. Under the agreement, 10 Holiday Inn Express hotels are to be built in southern India, owned by Brigade Group and managed by IHG. The newly-signed hotels will add to IHG's strong pipeline of properties of the Holiday Inn brand family, which now represent 88% of IHG's growth in India. 

 

The first two hotels under this partnership will open in Bangalore in early 2017, while the remaining eight hotels are scheduled to open within the next four to seven years. IHG and Brigade Group are currently in partnership for the Holiday Inn Tidel Park in Chennai, which is scheduled to open at Old Madras Road (OMR) in the second quarter of 2015. 

Said M.R Jaishankar, Chairman & Managing Director, Brigade Enterprises Ltd., "Hospitality is an important business unit for the Brigade Group and we are working on strengthening this expertise. Partnering with IHG is ideal as the company brings with it many years of international hotel management experience with global brands like Holiday Inn. This will complement our local business knowledge and add to our success."  

Douglas Martell, Vice President Operations South West Asia, IHG commented, "India's middle class is fast expanding and this is fuelling the demand for the midscale, select-service segment and thus our Holiday Inn Express brand - it is a brand that caters to the value-conscious traveller who is self-sufficient and purpose driven. We have no doubt the business model of the brand will provide The Brigade Group with good returns on investment per hotel and we are delighted to have this opportunity to extend our relationship with the Group and expand the brand's presence in India." 

IHG currently has 14 hotels open in nine cities in India. Following the agreement, the group will have 57 hotels in pipeline - 50 of these being Holiday Inn or Holiday Inn Express hotels. 

Since its launch in 1991, Holiday Inn Express hotel has been one of the largest and fastest growing hotel brands in the world. There are 2,222 hotels open across the globe and 473 in IHG's global pipeline.

About Holiday Inn Express® brand Hotels

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 2,100 Holiday Inn Express hotel locations around the globe. For more information or to book a reservation, visit IHG.com/HolidayInnExpress. Find Holiday Inn Express hotels on Twitter https://twitter.com/HIExpress  or Facebook http://www.facebook.com/holidayinnexpress.

About IHG (InterContinental Hotels Group)

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo® Hotels, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express® Hotels, Staybridge Suites® Hotels, Candlewood Suites® Hotels, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty programme with over 74 million members worldwide. The programme was re launched in July 2013, offering enhanced benefits for members including free internet for Elites across all hotels, globally. IHG franchises, leases, manages or owns over 4,600 hotels and 678,000 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.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.

Contact: Vinay Narang - Director - Corporate Communications, India

vinay.narang@ihg.com / Mob: +91-9971003068

Contact: Sanyukta Dutta or Shweta Kshetrapal - Ogilvy PR India

sanyukta.dutta@ogilvy.com or shweta.kshetrapal@ogilvy.com / Mob: +91-9811507945 or +91-9891980005

Contact: Nirupa Shankar - Director - Brigade Hospitality Services Limited

nirupa@brigadegroup.com / Mobile: +91 9686602305

Related News

IHG Appoints Michael Torres Vice President, Corporate Communications, The Americas

IHG Appoints Jonathan Lund Regional Vice President, Canada Franchise Performance Support

IHG Issues Statement Regarding Press Speculation on Potential Sale or Merger

InterContinental Hotels Group Reports Third Quarter Interim Management Statement

IHG Names Two New Area General Managers for North and South Regions of South West Asia

IHG Signs Sixth InterContinental® Hotel in France: InterContinental® Bordeaux - Le Grand Hotel

IHG Signs Two New Holiday Inn Properties in Mazatlán, Mexico

DePalma Hotels & Resorts Selected to Manage Two Holiday Inn Express Hotels in Dallas-Fort Worth Area

IHG Expands Middle East Presence across Three Countries

Octagon Hotels & East Bay Management Co. Unveil Holiday Inn Resort® Montego Bay’s $15M Renovation

IHG and Dur Hospitality Company to Open First Holiday Inn in Tabuk Later This Year

Adyar Gate Hotels & IHG Sign New 286-room Crowne Plaza Chennai Adyar Park in Chennai, India

IHG and Amadeus Partner to Develop a Next-Generation Guest Reservation System (GRS)

IHG Appoints Jorge Apaez as Chief Operating Officer, Mexico, Latin America & The Caribbean

IHG Appoints Sandi Macfie to Newly Created Role of Director, Hotel Performance Support for Africa

Interstar and IHG Enter Multiple Development Agreement for 10 Hotels in Germany

Former Independent Hotel Reopens as Crowne Plaza Stamford Following $18 million Renovation

Owners Northsight Hospitality Open the Holiday Inn® Hotel & Suites Scottsdale North-Airpark

IHG Completes Acquisition of Kimpton Hotels & Restaurants Group for $430 million

IHG Agrees to Acquire Kimpton Hotels & Restaurants for $430 Million

All News »

Please login or register to post a comment.