InterContinental Hotels Group has signed a series of management agreements to develop four new hotels in Bangalore, Hyderabad and Gurgaon. These fresh signings bring IHG’s current India pipeline of 47 hotels across its InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express family of brands.
Expected to be operational by 2013, the newly signed hotels will add approximately 900 rooms to IHG’s planned 10,000 India room inventory over the next two-three years.
The four new signed hotels are:
• Holiday Inn Express Bengaluru Sarjapur: 179 rooms, scheduled to open in 2013, to be developed by Duet Smart Hotels India
• Holiday Inn Express Hyderabad Kukatpally: 160 rooms, scheduled to open in 2013, to be developed by Nama Hotels/Madhucon Group
• Holiday Inn Hyderabad Kukatpally: 360 rooms, scheduled to open in 2013, to be developed by Nama Hotels/Madhucon Group
• Holiday Inn Express Gurgaon Golf Course Extension Road: 168 rooms, scheduled to open in 2013, to be developed by JMD Group Jan Smits, Chief Executive Officer of IHG AMEA, said, “India as a destination continues to attract more and more foreign visitors.
Within its major cities, India also receives as much as 10 times more domestic tourists. So the demand is definitely there and our Holiday Inn family of brands not only meets this need but also addresses the gap in the market for high-quality and value based hotels. The Holiday Inn and Holiday Inn Express hotels will serve guests across key cities as we increase our presence in India -together, the two brands form over 75% of our India development pipeline.” I
HG currently operates 15 hotels in key Indian cities and is on track to have a 150-hotel presence by 2020. IHG recently opened two new-look Holiday Inn properties in India (Cochin and Pune), following the successful completion of the US$ 1 billion Holiday Inn global brand relaunch. Upcoming IHG hotels will be primarily located in India’s major metros and key secondary cities, which are well positioned to drive growth and continued investment opportunities including New Delhi, Bangalore, Chennai, Cochin, Kolkata, and Pune among others.
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