Owned and Managed by Price Investimentos e Participações Ltda.

MIAMIInterContinental Hotels Group (IHG), [LON: IHG, NYSE:IHG (ADRs)], one of the world’s leading hotel companies, announces the signing of a new-build Holiday Inn Express® hotel in Belem, Brazil. Slated to open mid-2016, the 128-room property will be located between the Nazaré and Umazairal neighborhoods, in a very well-known area near downtown Belem. The new property will be IHG’s third property in the city, joining the Crowne Plaza® Belem hotel and Holiday Inn Express® Belem Ananindeua hotel. IHG has 17 hotels open and nine hotels in the development pipeline in Brazil.

The Holiday Inn Express Belem Nazaré hotel is in close proximity to two shopping malls and the city’s best restaurants, bars and nightclubs. Nearby tourist attractions include the Mangal das Garças, a natural reserve with native Amazonian plant and animal species, and “Estação das Docas,” which was created from the restoration of the Old Port of Belem and now boasts 18,000 square meters of urbanized area on the waterfront promenade with various restaurants and stores.

“As the capital and largest city in the state of Pará, Belem continues to generate great demand for internationally branded hotels,” said Alvaro Diago, chief operating officer, Latin America and the Caribbean, IHG. “We are very pleased to be an integral part of this thriving city’s evolution.”

The hotel offers guests a comfortable, yet affordable stay with innovative, preferred guest upgrades to ensure a pleasurable experience with amenities that include a 24-hour fitness center, complimentary high-speed Internet access, a business center, 1,500 square feet of meeting spaces and complimentary parking. Business travelers will find large desks with ergonomic chairs and free local and toll free phone calls with voicemail access.

“IHG’s franchise model and the high profile of the Holiday Inn Express brand made this an attractive deal for us,” said Mr. Marcio Bellesi, the owner of MB Capital Group. “We believe in the immediate success of our project and look forward to continuing our relationship with IHG.”

Guestrooms will feature contemporary styling, a 32-inch HD LED TV, comfortable twin, queen or king-sized beds, a sitting area with a lounge chair and an in-room coffee machine. The complimentary Express Start™ breakfast bar features a full range of breakfast items, including regional and local dishes, a rotation of egg and meat selections, breads, yogurt, juices, fruit, pastries, cereals and coffee.

The hotel is owned and managed by Price Investimentos e Participações Ltda., a company of MB Capital Group, and is franchised by an affiliate of IHG. The Holiday Inn Express brand participates in IHG’s hotel rewards program, IHG® Rewards Club. The industry’s first and largest hotel rewards program is free, and guests can enroll at www.IHGRewardsClub.com, by downloading the IHG® App, by calling 1-888-211-9874 or by inquiring at the front desk of any of IHG’s more than 4,700 hotels worldwide. Guests can also book a green hotel stay at any of our IHG Green Engage enrolled hotels.