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Article: IHG Signs Agreements for Five New Holiday Inn and Holiday Inn Express Hotels Throughout Brazil.
- Article from:
- Business Wire
- Article date:
- June 3, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Signings Will Spread IHG's Presence in Brazil to 12 Cities
MIAMI -- Furthering its reach within Latin America's most populous country, IHG (InterContinental Hotels Group), (LON:IHG) (NYSE:IHG) (ADRs), the world's largest hotel group by number of rooms, announced today that it has signed agreements to develop four new Holiday Inn Express properties, as well as for the conversion of an existing independent full-service Holiday Inn, increasing IHG's presence in Brazil to 12 cities.
The properties include new-build Holiday Inn Express hotels in Belem, Cuiaba, Maceio and Manaus, all expected to open by end of 2011. The Holiday Inn Sao Luis, a conversion of an ...