InterContinental Hotels Group announces that it has signed contracts with a single owner to manage six new hotels in Chengdu and Jiuzhaigou in…
InterContinental Hotels Group announces that it has signed contracts with a single owner to manage six new hotels in Chengdu and Jiuzhaigou in China`s Sichuan province.
This landmark signing in Sichuan, China`s second most populous province with over 90 million residents, marks a significant addition to IHG`s already strong portfolio of ca. 50 hotels in Greater China and supports the Group`s target of adding 50,000 – 60,000 net rooms by the end of 2008, including reaching a total of 125 hotels in China.
The six hotels – two InterContinental properties, three Holiday Inn properties and one Express by Holiday Inn – comprise a total of more than 4,500 rooms. The owner of the properties is Chengdu International Exhibition & Convention Group.
Andrew Cosslett, Chief Executive, IHG, who was in Chengdu for the signing, said: Developing hotels in China lies at the heart of our growth strategy for IHG. Our brands have a strong foothold in the region and Holiday Inn was one of the first international hotel brands to establish a presence there in 1984. This deal marks a major milestone as we move towards meeting our aggressive growth plans and we remain fully committed to maintaining our position as the leading hotel company in China.
