IHG Signs Six New Hotels in China with Poly Real Estate

InterContinental Hotels Group has signed a strategic cooperation and three-brand, six-hotel management contract with Poly Real Estate, making it one of IHG’s largest owners in China.

This strategic cooperation will add a total of 1,773 hotel rooms to IHG’s Greater China pipeline. The six new hotels, which are located in Guangdong and Jiangxi provinces, consist of three InterContinental hotels, two Crowne Plaza hotels and one Holiday Inn hotel.

Poly Real Estate is one of China’s leading state-owned real estate companies, with 119 subsidiaries spreading across 35 cities nationwide. IHG was the very first international hotel group and so far the only one to manage Poly Real Estate’s hotels. This new contract between the two, has raised Poly Real Estate’s number of IHG-managed hotels from three to nine.

Song Guangju, chairwoman of the board, Poly Real Estate (Group) Co., Ltd, said, “Ever since our first cooperation with IHG in 2007, our partnership has proven to be very successful. We are glad to have joined with IHG to develop hotels in China’s emerging markets. We have great confidence in IHG’s competitive advantages, and value their brands and management expertise to consistently deliver the best service.”

The six new signed hotels are:

• InterContinental Guangzhou Exhibition Centre: 300 rooms, to open in 2014
• InterContinental Shunde: 300 rooms, to open in 2015
• InterContinental Foshan Dongping: 300 rooms, to open in 2014
• Crowne Plaza Hailing Island: 320 rooms, to open in 2014
• Crowne Plaza Nanchang Wanli: 300 rooms, to open in 2014
• Holiday Inn Guangzhou Science City: 253 rooms, to open in 2014

The three hotels signed with Poly Real Estate in 2007 are:

• InterContinental Foshan: 450 rooms, opened
• Crowne Plaza Chengdu Poly Garden: 350 rooms, to open in 2011
• Crowne Plaza Chongqing Poly Garden: 300 rooms, to be open in 2013

As part of its rapid expansion in China, one in four of the hotel rooms that IHG opens over the next 5 years will be in China.

 In over 50 cities in China, IHG currently has 148 hotels open under five brands – InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Hotel Indigo, Holiday Inn Hotels & Resorts and Holiday Inn Express – and nearly 150 hotels more in the development pipeline.

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