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Article: IHG Signs Agreements for Five New Holiday Inn and Holiday Inn Express Hotels Throughout Brazil.
- Article from:
- Leisure & Travel Week
- Article date:
- June 27, 2009
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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 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 independent hotel will be open later this year. These agreements prove IHG's ...