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InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)], one of the world’s largest hotel companies, today announces the signing of two new Holiday Inn Express® hotels in Managua, Nicaragua and Tegucigalpa, Honduras. Both properties are slated to open in 2014. Managed by Latin American Hospitality Management S.A., a subsidiary of Grupo AGRISAL, the hotels will be franchised by an affiliate of IHG. 

“Managua and Tegucigalpa are excellent examples of emerging cities that support the growth of the Holiday Inn® brand family in the region,” said Joel Eisemann, chief development officer, IHG, the Americas. “Both cities are generating great demand for internationally branded hotels, and we are excited to expand the Holiday Inn Express brand in these markets.” 

Together, the two Holiday Inn Express hotels will add 220 rooms to IHG’s existing Holiday Inn brand family in the Latin America and the Caribbean region, which currently includes 18 Holiday Inn Express hotels and 24 Holiday Inn hotels. Current IHG-branded hotels represented in Nicaragua include the Real InterContinental® Hotel Metrocentro Managua, Crowne Plaza® Hotel Managua and Holiday Inn Hotel Managua. In Honduras, the IHG branded hotels portfolio includes the Real InterContinental Hotel Tegucigalpa, the Real InterContinental Hotel San Pedro Sula, the Crowne Plaza Hotel San Pedro Sula and the Holiday Inn Express Hotel San Pedro Sula. 

“Bringing more hotel rooms to these vibrant cities will promote tourism, business and corporate growth,” said Alvaro Diago, COO, Latin America and Caribbean at IHG. "IHG is very pleased to be part of these fast growing cities’ developments alongside such a significant partner like Grupo Agrisal, and to work together to increase IHG’s longevity in the region.”   

Boasting a modern design, the 110-room Holiday Inn Express Hotel Managua will be situated in an upscale district of Nicaragua’s capital - close to shops, corporate buildings and restaurants. This seven-story new build will also feature a fitness center, outdoor swimming pool and private parking area. Sharing similar characteristics, the 110-room, seven-story Holiday Inn Express Hotel Tegucigalpa will be located in one of the Honduran capital city’s most prestigious neighborhoods – just a few blocks away from the Presidential Palace. The hotel is also near various headquarters for national and multinational corporations, shopping centers and government entities. 

These agreements also mark the first properties to be built in Nicaragua and Honduras with Grupo AGRISAL, bringing a total of six properties developed in Central America. Additional properties owned by this partner include the Crowne Plaza Hotel San Salvador, Holiday Inn Hotel San Salvador, Holiday Inn Hotel San José Escazú and the Holiday Inn Express Hotel Panama City- Financial District slated to open later this year. 

“We are proud to have partnered yet again with IHG on these new projects,” says Eduardo Quiñónez, executive director, Hotel Division, Grupo AGRISAL. “We look forward to continuing this important relationship and working with IHG to further develop additional IHG-branded hotels in the future.” 

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 (U.S. and Canada only).  There are currently more than 2,200 Holiday Inn Express hotel locations around the globe. 

About IHG

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organization 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 program with over 73 million members worldwide. The program will be renamed and relaunched as IHG Rewards Club in July 2013, offering enhanced benefits for members.

IHG franchises, leases, manages or owns over 4,600 hotels and more than 674,000 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.

About Kreps DeMaria PR

Contact: Israel Kreps

ikreps@krepspr.com / 305-663-3543

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