IHG Signs New Hotel in Singapore

InterContinental Hotels Group has signed a management agreement for the largest Holiday Inn Express hotel in Southeast Asia with RB Capital Hotels Pte Ltd, a Singapore-based property and real estate developer.

The hotel, located close to the Singapore River and the surrounding popular waterfront entertainment hubs, is expected to open in the second half of 2013 and will have between 460 to 500 rooms.

RB Capital Hotels won the tender from the Singapore Urban Redevelopment Authority for the 0.55 hectre land parcel (5,502 sqm) with a top bid of Sin$101.113 million. The high-value and prominent site attracted tenders from leading property developers in a public bid held in August this year.

Kishin R K, who heads RB Capital Group and RB Capital Hotels said, "Holiday Inn Express caters to a growing demand from both leisure and business travellers looking for comfort, convenience and value. The Holiday Inn Express we are developing will feature well-designed rooms and a fresh, hip product relevant to today’s guests. Also included within the development will be a full suite of dining, gym and recreational facilities our guests can enjoy.”

The new hotel is within walking distance to the retail, dining and entertaining options at Singapore’s waterfront hot spots. It is also a five-minute drive to Raffles Place and the Orchard Road shopping belt, and easily accessible by various public transportation options.

The hotel will be the second Holiday Inn Express in a high-value location in Singapore. IHG signed the first Holiday Inn Express agreement in September. The hotel will open on Orchard Road by 2013. This signing increases the Holiday Inn Express pipeline to 37 in Asia Pacific. There are now than 2,101 Holiday Inn Express hotels opened and over 500 properties under development globally.

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