Hotel Online  Special Report

 Panama Hotel Developer Herman Bern Building 300 room InterContinental Playa Bonita Resort on
Panama's Pacific Coast


Located On A Former U.S. Military Recreational Beach

MIAMI - Oct. 18, 2004 -- InterContinental Hotels Group (IHG) (NYSE:IHG) (LSE:IHG) (ADRs), the world's largest and most global hotel company, and Empresas Bern, Panama's largest hotel and tour group operator, today signed a letter of intent to develop the InterContinental Playa Bonita Resort.

The hotel, located on a former U.S. military recreational beach, will be an addition to our region's existing InterContinental Hotels resort properties in Mexico and the Caribbean.

Ideally situated on the Pacific Ocean, less than three miles from the Panama Canal, 15 minutes north of Panama City, the eco-friendly, self-contained resort includes 300 beautiful ocean view guest rooms, and numerous amenities which combine the first-class elegance of the InterContinental brand, within a resort ambiance.

It is the third such alliance between IHG and Empresas Bern, who developed and owns mixed-use complexes that include the Miramar InterContinental Panama and the Holiday Inn Hotels & Suites Panama, both in Panama City.

"Herman (Bern) is a man of extraordinary vision," says Alvaro Diago, Area President InterContinental Hotels Latin America. "He is always one step ahead of most of us - he knows how to create a future, both literally and figuratively speaking. This is our third venture with his organization, and the most exciting yet."

As an addition to our luxurious resorts across the globe, the InterContinental Playa Bonita Resort will use internationally acclaimed properties, like the InterContinental Resort Bali in Indonesia as a model hotel.

"This property brings together the best elements of both companies," adds Bern. "We have always been proud of our involvement with IHG, as their brands lend unparalleled global recognition. At the same time, we have clearly established a niche in our region as an organization with extraordinary development capabilities. There is unlimited potential when two companies like ours are working together to develop a property."

The resort, which is scheduled to open in the first quarter in 2007, is part of a master plan that includes a residential component, boasts almost two miles of virgin beachfront, and is situated on a natural crescent bay bordered by natural reserves.

"It is truly one of the most beautiful and pristine environments in the world today," concludes Bern. "We are confident that it is a property that will earn international acclaim."

InterContinental Hotels Group PLC of the United Kingdom (LSE:IHG) (NYSE:IHG) (ADRs) is the world's most global hotel company and the largest by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, more than 3,500 hotels and 538,000 guest rooms in nearly 100 countries and territories around the world. 

InterContinental Hotels Group PLC

Also See: Alvaro Diago Named President Inter-Continental/Crowne Plaza Hotels, Central And South America / Feb 1999
InterContinental Hotels Group Opens 23 Hotels in March and April 2004 / June 2004

To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.