IHG and Muscat Golf Course Project LLC Sign Deal for InterContinental Muscat Hills Golf Resort

April 30, 2012 // Franchising.com // IHG (InterContinental Hotels Group), the world’s largest hotel group by number of rooms, and Muscat Golf Course Project LLC today announce the signing of a 20-year management agreement for the luxury InterContinental Muscat Hills Golf Resort in Oman.

Signed during the 2012 Arabian Hotel Investment Conference taking place in Dubai, the hotel will form part of the Muscat Hills Golf and Country Club – a 1.2 million square metre development set in a unique hillside location with spectacular panoramic mountain and sea views over the Gulf of Oman. Muscat Hills is a mixed use development with upscale residential villas and apartments, an 18-hole championship golf course, country club and hotel.

InterContinental Muscat Hills Golf Resort will have a total of 250-rooms and four food and beverage outlets, a fitness centre, spa and swimming pool. The InterContinental team will also manage the golf Club House located next door to the hotel. The hotel and Club House are due to open in 2015 and the project is projected to be worth a total of $90 Million (35 million Omani Riyals).

His Highness Rawy Kais Al-Said, owner of the Muscat Hills Golf and Country Club, commented: “When choosing a hotel partner we were looking for a top international brand that would add real value to the development and help us to compete with the best golf resorts in the world. InterContinental Hotels & Resorts were exactly the right fit, bringing the quality standards and first class management skills we’re looking for. With the InterContinental team on board I have every confidence the resort will continue to go from strength to strength.”

Jan Smits, IHG’s Chief Executive for Asia, Middle East and Africa, said: “The Muscat Hills development is already proving a great success and we were eager to become a part of it. InterContinental Muscat Hills Golf Resort will be a new type of resort for Muscat, offering guests a range of sporting facilities in a spectacular setting. This hotel will be a fantastic addition to our growing portfolio in Oman and we look forward to its opening in 2015.”

There are 170 InterContinental Hotels & Resorts in more than 60 countries around the world, with an additional 58 hotels in the global development pipeline. IHG currently has four hotels in Oman: InterContinental Muscat, Crowne Plaza Muscat, Crowne Plaza Sohar and Crowne Plaza Salalah. The company has three further hotels in the development pipeline, which when opened will nearly double the number of rooms in the country under IHG’s brands.

IHG has 110 hotels across India, Middle East and Africa, operating under the InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express and Staybridge Suites brands. The company has a further 96 hotels in the region’s development pipeline which are due to open over the next three to five years.

About IHG (InterContinental Hotels Group)

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with nine hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, as well as our two newest brands, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 63 million members worldwide.

IHG franchises, leases, manages or owns over 4,400 hotels and more than 658,000 guest rooms in nearly 100 countries and territories, and has more than 1,100 hotels in its development pipeline.

IHG expects to recruit around 90,000 new people worldwide across its estate over the next few years and is committed to gender balance throughout its business. We aspire to continue retaining a minimum of 25% female representation on the Board.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.priorityclub.com for more on Priority Club Rewards. For our latest news, visit www.ihg.com/media, www.twitter.com/ihgplc or www.youtube.com/ihgplc.

Contact:

Emma Corcoran
Communications Director, IHG
India, Middle East and Africa
Mobile: +971 (0) 50 655 2207
Office: + 971 (0) 4 213 6069
emma.corcoran@ihg.com

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