InterContinental Hotels Group (IHG) has signed a franchise agreement with Foremost Hospitality GmbH to introduce 20 new Holiday Inn and Holiday Inn Express properties across the country�s key cities by 2016.
Speaking about the signing Karl-Heinz Pawlizki, IHG�s director of operations, Germany, said: "As IHG�s sixth biggest market globally by number of rooms and seventh by hotels, Germany remains a priority market for us and Foremost Hospitality an important strategic partner.
�With 55 hotels currently operating under the Holiday Inn brand family in Germany* of which nine** are already open with the new Holiday Inn brand flags, this new agreement demonstrates our owner community�s support of the worldwide relaunch of the Holiday Inn brand family. Furthermore, we believe this agreement will ensure we are ideally placed to continue our growth within one of Europe's best performing markets."
Of the 20 properties within the agreement, seven hotel contracts are already signed and development underway. These include the November signing of two additional hotel contracts; the 328-room Holiday Inn Berlin City Centre � Potsdamer Platz, expected to open March 2011, and the 150-room Holiday Inn Express Berlin City Centre � Alexander Platz, scheduled to open March 2010.
* There are currently 55 hotels operating under the Holiday Inn brand family in Germany, of which 41 are Holiday Inn and 14 are Express by Holiday Inn properties. As of 30 September 2008 Germany�s pipeline of signed deals was three Holiday Inn and nine Holiday Inn Express properties, which includes five signed deals with Foremost Hospitality. ** Of the nine hotels in Germany complete with the new Holiday Inn signage seven are Holiday Inn Express hotels (Berlin City Centre - West, Essen, Frankfurt - Messe, Munich Airport, N�rnberg - Schwabach, Singen and Stuttgart Airport) and two are Holiday Inn hotels (Frankfurt City - South, Conference Centre and Munich City Centre).
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Notes to Editors:
About the Holiday Inn relaunch
The $1 billion relaunch of the Holiday Inn brand family (comprising Holiday Inn Hotels and Resorts, Holiday Inn Express and Express by Holiday Inn) will bring improved consistency and service levels, as well as a more contemporary brand image and identity, to almost 3,200 hotels worldwide. The global relaunch was announced in October 2007 and is expected to be completed by the end of 2010. As part of this process all Express by Holiday Inn hotels will become Holiday Inn Express properties to create global consistency. In the interim period as the hotels implement the relaunch both the existing and new Holiday Inn brand family identities will be used, as seen above. To find out more about the relaunch, click here to read the news release on our corporate website, or visit the site at www.ihg.com/corporate.
About IHG
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, over 4,100 hotels and more than 600,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental� Hotels & Resorts, Hotel Indigo�, Crowne Plaza� Hotels & Resorts, Holiday Inn� Hotels and Resorts, Holiday Inn Express�, Staybridge Suites� and Candlewood Suites�, and also manages the world's largest hotel loyalty programme, Priority Club� Rewards with 40 million members worldwide.
IHG's portfolio within Germany numbered 67 properties as of 30 September 2008, comprising six InterContinental, six Crowne Plaza, 41 Holiday Inn and 14 Express by Holiday Inn hotels
IHG has more than 1,700 hotels in its development pipeline, which will create 200,000 jobs worldwide over the next few years.
InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.
IHG offers information and online reservations for all its hotel brands at www.ihg.com and information for the Priority Club Rewards programme at www.priorityclub.com. For the latest news from IHG, visit our online Press Office at www.ihg.com/media
About Foremost Hospitality GmbH
Foremost currently operates three IHG-branded flags, of which two are in Germany (the 158-room Express by Holiday Inn Berlin City Centre-West and 150-room Express by Holiday Inn Munich Airport) and one in the UK (the 128-room Express by Holiday Inn Hull City Centre).
Of its plan to introduce 20 new IHG-branded hotels to Germany, the group�s signed deals already include:
- Holiday Inn Express Berlin City Centre � Alexander Platz (150 rooms) - Holiday Inn Berlin City Centre � Potsdamer Platz (328 rooms) - Holiday Inn Express Dresden City Centre (218 rooms) - Holiday Inn Express Hamburg City Centre (180 rooms) - Holiday Inn Express Hamburg � St Pauli (120 rooms) - Holiday Inn Stuttgart City (120 rooms) - Holiday Inn Express Stuttgart City (120 rooms)
The company previously operated a further three Express by Holiday Inn hotels in the UK, which were sold in 2005 to allow Foremost to concentrate its attention on expanding its activities in Germany.
Media enquiries:
Suzanne Seyghal 01895 512 247 / suzanne.seyghal@ihg.com Eleanor Conroy 01895 512 053 / eleanor.conroy@ihg.com