December 07, 2017 // Franchising.com // IHG® (InterContinental Hotels Group) announces that its new high-quality midscale brand, avid™ hotels, is officially available for licensing in Canada.
Coinciding with the brand’s first groundbreaking ceremony taking place today in Oklahoma City, this announcement signals a significant opportunity for IHG and its Canadian family of owners and further demonstrates the brand’s rapid start and growth potential.
The avid hotels brand is designed for travelers who want a hotel stay that finally meets their expectations for the type of hospitality they value most - the basics done exceptionally well - at a price point expected to be about 10-15 percent less than IHG’s industry-leading Holiday Inn Express® brand.
Jonathan Lund, Regional Vice President, Franchise Performance Support, Canada, IHG, said: “IHG’s presence in Canada has been growing two times faster than the industry average in the region with 12 new Canadian properties opening next year and 31 additional hotels in the pipeline. Now, with the introduction of avid hotels, we’re set to extend IHG’s leadership position in the midscale segment. With over 14 million potential customers looking for the type of hospitality avid hotels will offer, this new brand represents a significant business opportunity for Canadian owners.”
Owners have already expressed interest in avid hotels, demonstrating the strong demand and great potential for the brand in the midscale market segment. Since the brand first became available for franchising in the United States, IHG has received more than 100 franchise applications, including 34 which have already been converted to signed deals for avid hotels locations across the U.S. Located in Oklahoma, the first avid hotels property began construction just eight weeks after the brand was launched and is anticipated to open in Q3 2018, months ahead of original projections.
Stuart Laurie, Regional Director, Midscale Franchising, Canada, IHG, added: “Since the brand launched in the U.S. with strong demand, Canadian owners have continued to express interest in developing avid hotels. We know this brand reaches a vastly underserved segment of travelers in the U.S., and are confident that the avid hotels experience will strongly resonate with Canadian travelers while providing a scalable solution for owners.”
Brand features include:
In addition to creating the brand to delight guests, its design and operating model was developed in collaboration with an owner advisory board, ensuring that avid hotels are efficient to build, operate and maintain. Hotels will be designed for new build construction on an average lot size of approximately 1.5 acres, and all avid hotels will be built to lead the industry in environmentally friendly and efficient design. The prototype design features 95-100 keys with a minimum of three stories.
The first 100 signed license agreements across the U.S. and Canada will be eligible for a two percent fee discount in year one and one percent fee discount in year two (2/1 royalty fee reduction).
IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®.
IHG franchises, leases, manages or owns nearly 5,300 hotels and more than 785,000 guest rooms in almost 100 countries, with more than 1,500 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG’s hotels and corporate offices globally.
Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihgplc.com/media and follow us on social media at: www.twitter.com/ihg, www.facebook.com/ihg and www.youtube.com/ihgplc.
About avid hotels The newest brand from IHG, avid hotels was designed for travelers who want a hotel stay that finally meets their expectations for the type of hospitality they value most - the basics done exceptionally well - at a fair price. To ensure avid hotels meets the needs of today’s midscale traveler, a set of fundamental values define all touch points of the brand: taking a new approach to designing everyday travel; appreciating the value of guests’ every hard-earned dollar and being direct, honest and clear. All avid hotels will be new-build construction and feature modern, comfortable design, guest rooms designed for sound-sleep, a focused, high-quality breakfast consisting of name-brand options and will leverage the latest technology to enable a seamless experience for guests. The avid hotels brand launched in 2017 and expects to open its first property by the end of Q3 2018. To learn more about the avid hotels brand, visit avidhotels.com and find us on social media: facebook.com/avidhotels, twitter.com/avidhotel and instagram.com/avidhotels/.
SOURCE avid hotels