New-build 200-room InterContinental hotel and 264-room Holiday Inn hotel to open in prestigious residential suburb of Mayur Vihar in 2011
March 10, 2008 // Franchising.com // Singapore, - IHG (InterContinental Hotels Group) has signed an agreement with leading Indian real estate developer Eros to manage two new hotels - a 200-room InterContinental and a 264-room Holiday Inn - in the capital city of New Delhi.
Both hotels will be developed as part of an integrated complex in the prestigious residential suburb of Mayur Vihar in East Delhi. The hotels will be linked to shopping malls, offices and premium residences, with easy access to nearby technology parks, industrial belts and places of interest. Construction has commenced and opening is scheduled for 2011.
Michael Herrmann, director of operations, IHG Southwest Asia, said: "These two new strategically located hotels will appeal to corporate and leisure travellers and will showcase global InterContinental and Holiday Inn brand standards. This signing enhances IHG's aggressive growth across India and further strengthens the company's long-term relationship with Eros."
Amit Rai Sood, director at Eros, said: "The unique location of both the InterContinental and Holiday Inn within the new integrated complex will give us the opportunity of targeting a wide market segment. The partnership will combine our experience in property development and IHG's strength in hotel management to ensure future success."
Across India, IHG has an operating portfolio of 13 hotels and an additional 20 hotels under development.
InterContinental Hotels Group PLC (IHG) of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)] is one of the world's largest hotel groups by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, almost 4,000 hotels and more than 585,000 guest rooms in nearly 100 countries and territories around the world. IHG owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®, and also manages the world's largest hotel loyalty programme, Priority Club® Rewards with over 37 million members worldwide.
The company pioneered the travel industry's first collaborative response to environmental issues as founder of the International Hotels and Environment Initiative (IHEI). The IHEI formed the foundations of the Tourism Partnership launched by the International Business Leaders Forum in 2004, of which IHG is still a member today. The environment and local communities remain at the heart of IHG's global corporate responsibility focus.
IHG offers information and online reservations for all its hotel brands at http://www.ihg.com/ and information for the Priority Club Rewards programme at http://www.priorityclub.com/.
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