News for the Hospitality Executive
(SYDNEY, AUSTRALIA) Wednesday 22 August 2012: The 60th anniversary of the world’s fastest-growing mid-market hotel brand will be celebrated in Sydney’s west come October, with the signing of a new franchise agreement that will see the 181-room Clarion Hotel on the Park Parramatta become Holiday Inn Parramatta.
The ten-year franchise agreement with owner, Australia and NZ International Investment Group Pty Ltd (ANZIIG) will see the hotel rebrand as Holiday Inn Parramatta on 18 October 2012. ANZIIG purchased the hotel in August 2010, and entered a franchise agreement with Choice Hotels to convert the property from a Courtyard by Marriott into a Clarion hotel.
Located at 18-40 Anderson Road Parramatta, the hotel is within short walking distance of the CBD of the city of Parramatta, the largest commercial, retail and residential hub west of Sydney. The property incorporates an all-day dining restaurant, bar, seven meeting rooms totaling 371 sqm of function space, a heated outdoor pool, business centre and parking for 220 vehicles.
The hotel is in the midst of a refurbishment program in which all guest rooms and public areas have already been upgraded. Holiday Inn’s international brand hallmarks will be put in place upon rebranding of the hotel on 18 October.
Parramatta has a working population of more than 90,000 and is close to business hubs at Sydney Olympic Park, Norwest and Rhodes. It’s also central to leisure attractions at Sydney Olympic Park, Sydney Showgrounds and Rosehill Racecourse.
“I’m pleased to welcome an international brand such as Holiday Inn to Parramatta, which is a great vote of confidence in our local tourism and hospitality market,” said Lord Mayor of Parramatta, Cr Lorraine Wearne.
“With our central Sydney location, strong commercial core and growing appeal as a tourist destination, Holiday Inn is sure to have an important role to play in servicing the visitor and corporate needs of Parramatta.”
The agreement to bring Holiday Inn to Western Sydney coincides with the brand’s 60th birthday, and following the USD1 billion investment into revitalising the ubiquitous brand here and around the world.
“Parramatta will be a feather in Holiday Inn’s cap, particularly given the NSW government’s strong focus on growing the city as a key commercial centre of Sydney,” said IHG Australasia regional director of operations, Bill Edwards.
“This is a high-quality property that will prove an excellent example of the Holiday Inn brand, with a solid offering for our many corporate and MICE clients and Holiday Inn’s sporting partnerships that will also immediately appeal to our leisure guests. We’re confident our expertise, systems and the Holiday Inn brand will be an asset for this hotel.”
ANZIIG representative and hotel manager, Yesh Mudaliar said Holiday Inn will deliver return on investment into the asset and increase the hotel’s share of business in western Sydney.
“We selected Holiday Inn based on the strength of the brand both here and worldwide, and its proven ability to deliver premium returns on the assets it represents. This hotel has a real opportunity to significantly increase its share of corporate, meetings and leisure business in Sydney’s west, and Holiday Inn is the best brand to help us realise that potential,” Yesh said.
For the past 11 years, Holiday Inn has been named the Best Mid-Market Hotel Brand in the World and Asia Pacific by readers of Business Traveller magazine. It also won the Highest in Guest Satisfaction among Midscale Full Service Hotel Chains by J.D Power and Associations in 2011.
About InterContinental Hotels Group
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®, as well as our two newest brands, EVENTM Hotels and HUALUXETM Hotels & Resorts. IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 65 million members worldwide.
IHG franchises, leases, manages or owns over 4,500 hotels and more than 661,000 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/ihgplc, www.facebook.com/ihg or www.youtube.com/ihgplc.
Starr PR, on behalf of IHG Australasia
+61 2 9262 4622 / +61(0)419 446 879
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