Oct 15 2008
IHG Inks Deal For 2,000 New Rooms
InterContinental Hotel Groups (IHG) signed an agreement with Shimao Group to open six new hotels under three brands in four cities.
The hotels are slated for opening in 2013.
The new deal will see IHG, the world’s largest hotel group by room numbers add another 2,000 to that count.
‘We are delighted to work with such a respected partner,’ said Andy Cosslett, chief executive, IHG PLC. ‘The agreement demonstrates Shimao’s confidence in our brands and the infrastructure we have built in China since 1984. One third of all our new signings are with hotel owners who are already working with us.’
Shimao Group and IHG have worked together previously in a deal concerning the management of Holiday Inn in China, among others.
