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InterContinental Hotels Group Steps up Focus on InterContinental Hotels & Resorts Growth
As reported in the IHG Plc. 3rd Quarter stock exchange announcement issued on November 22nd, the Americas region of InterContinental Hotels Group, (IHG) (NYSE:IHG) (ADRs), the world's largest hotel group by number of rooms, continues to show great momentum as it executes against its franchise and management growth strategies.
In September 2005, IHG announced it is expanding its upscale Americas portfolio with the addition of the InterContinental San Francisco. This property will join its sister hotel, the InterContinental Mark Hopkins San Francisco. This property is scheduled to open in late 2007.
"With IHG's strong focus on expanding its InterContinental Hotels & Resorts brand in key U.S. gateway cities, the InterContinental San Francisco is a tremendous and welcome addition to our portfolio of hotels," said Kirk Kinsell, SVP and chief development officer, the Americas, IHG.
InterContinental Hotels & Resorts continues to grow its presence in the Americas region. Most recently, the company's flagship hotel, the InterContinental Buckhead, Atlanta opened in November 2004 and the InterContinental Merita, Mexico opened in November 2005. By the end of 2005, the InterContinental Playa Bonita Resort & Spa, Panama will join the portfolio. And, currently under construction is the InterContinental Boston scheduled to open in Fall 2006.
InterContinental Hotels & Resorts, the IHG brand with international understanding, has five hotels in the Americas pipeline to complement its existing 44 upper-upscale segment hotels in the region. And, an additional 16 hotels are in the global pipeline to complement its total portfolio of 137 hotels worldwide, including two properties which opened this quarter the InterContinental Hotel Dusseldorf, Germany and the InterContinental Hotel Jordan, Jordan.
IHG's continued development momentum in the Americas region is evidenced across all seven hotel brands (November 2005):
Helping further the success and momentum of its brands, IHG's integrated approach helps unify marketing initiatives so that hotels benefit from each others' efforts and learn from each other -- while keeping the brands distinct and differentiated to their customer segments. This is done by offering current and prospective franchisees a multi-brand marketing platform comprised of our Enterprise Values -- technology, global reservations centers, global sales, performance support, and Priority Club(R) Rewards; as well as, fostering a collaborative, 'Together We're Stronger' relationship with its hotel owners.
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