IHG Signs Four Hotels in Asia

InterContinental Hotels Group has signed four new hotel contracts for hotels in Taipei, Hong Kong and Xiamen, adding more than 700 rooms to its pipeline.

“This expansion is a clear sign of our long term confidence in the Greater China market and we are honoured to be partnering with three cutting-edge real estate developers in their respective region,” said Keith Barr, managing director, IHG Greater China. “As the industry’s international leader in Greater China, IHG’s ambition is to address the growing needs in the country’s most energetic cities.”

The four newly signed hotels include:

-  Hotel Indigo Xiamen Harbour View:  Owned by Xiamen SK Development Ltd., a well established Hong Kong company, the hotel has 127 rooms and will be open in 2011.

-  Hotel Indigo Taipei Xinyi: Owned by Elements Innovation Co., Ltd., a Taiwan listed real estate company majoring in projects including residential and office development, the hotel offers 173 rooms and expected to open in 2011.

-  Holiday Inn Express Taipei Xinyi: Also owned by Elements Innovation Co., Ltd., the 125-room hotel is expected to open in 2011.

- Holiday Inn Express Hong Kong Mongkok: Owned by Tai Hung Fai Enterprise Co. Ltd, a Hong Kong based real estate developer that owns over 100 properties across Hong Kong and Macau including Hotel Indigo Hong Kong Island, the hotel offers 300 rooms and expected to open in 2014.

 Growing its footprint in Chinese cities, IHG currently has 132 hotels open under four brands – InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels Resorts and Holiday Inn Express Hotels – with more than 140 hotels in the development pipeline. The soon-to-launch Hotel Indigo Shanghai on the Bund marks the entry of IHG’s fifth brand in Asia Pacific.

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