Latin American Hospitality & IHG to Develop Two New Holiday Inn Express Hotels in Central America
June 7, 2013 9:13pm
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.”
Tags: holiday inn express,
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.
Contact: Israel Kreps
IHG Completes Acquisition of 51% Stake in Regent Hotels & Resorts for $39 Million
IHG Signs With Hotel Marina Agra for Holiday Inn Agra MG Road in India
Kimpton Saint George Opens in Toronto With General Manager Bertrand Mangeot at the Helm
IHG Opens 459-Key InterContinental® Phu Quoc Long Beach Resort in Vietnam
U.S. Project-Based Business Travel Spend Topped $45 Billion in 2017
IHG Launches New Upscale Brand, voco, With a Signing in Australia
Inuyama, in Japan’s Aichi Prefecture, to Debut Hotel Indigo, Its First Internationally-Branded Hotel
IHG Partners With SDB Developers to Expand Presence in Kolkata with Signing of Holiday Inn Resort Kolkata NH6
DUR Hospitality and IHG Open the 304-Room Crowne Plaza Riyadh Palace
Paramount Lodging Advisors Team Arranges Sale of the Holiday Inn Express St. Louis – Central West End St. Louis, MO
Ratanakorn Asset and IHG Sign Agreement for Development of Eight New Properties in Thailand’s Key Resort Destinations
Crescent Hotels & Resorts Opens 134-Suite Crowne Plaza® – Farmington Hills Following Renovation and Rebranding
InterContinental® Debuts in Bulgaria With Opening of 194-Room InterContinental Sofia
Noble Merchant Properties Selects Hotel Equities to Manage Four New-Build Hotels in Texas
IHG Expands in Western China With Signing of 10 New Deals Under 7 Brands
Marshall Hotels & Resorts Takes Over Management of 63-Room Hotel Indigo in Birmingham, Alabama
IHG to Rebrand and Operate 13 UK Hotels Through Agreement With Foncière des Régions Following Acquisition From Starwood Capital Group
Barnes Capital and IHG® to Develop a 150-Room Holiday Inn in Melbourne’s Coburg Suburb
IHG Signs With Focus Ventures to Develop Dual-Branded Hotel Indigo and Holiday Inn in the Heart of Melbourne's Retail District
The Juggle is Real for Today’s Travel Managers
Please login or register to post a comment.