6th Nov 2006 12:00
InterContinental Hotels Group (IHG) (LSE:IHG) (NYSE:IHG) (ADRs),the world's largest hotel group by number of rooms, today announcedthat it has signed a management agreement with Inverplata S.A. for thenew Holiday Inn Express Hotel and Suites Santo Domingo in theDominican Republic. Today Santo Domingo is considered to be one of thelargest economic and commerce hubs in the entire Caribbean thatbustles with young entrepreneurs, plenty of opportunities and severalnew developments all within a strong and financially viable market. £ The 7-story, 145-room hotel, currently under construction, issituated on Avenida Abraham Lincoln, in an upscale neighborhood thatis home to major foreign and local companies' headquarters, embassies,and government agencies. The hotel is also within close proximity tothe Universidad Pontificia, Universidad Catolica Madre y Maestra, anda myriad of shopping centers, nightclubs, and restaurants. The HolidayInn Express Hotel and Suites Santo Domingo is the second IHG propertyin Santo Domingo, and is also the second IHG property collaborationwith development company, Inverplata S.A. £ "We are excited to expand the Holiday Inn Express brand in one ofthe most vibrant cities in the Caribbean, further demonstrating IHG'scommitment to expanding its brands in key cities within LatinAmerica," says Alvaro Diago, Area President of InterContinental HotelsGroup Latin America. "Additionally, this is our second hotel withInverplata S.A., who also owns the venerable InterContinental VCentenario Santo Domingo, and we are thrilled to continue furtheringour relationship with them." £ The Holiday Inn Express brand is a perfect choice for travelersseeking affordable lodging in a fresh and comfortable setting. Thebrand is IHG's fastest growing hotel brand in the world, with over1,600 hotels worldwide. Additionally, Holiday Inn Express has beenpresenting innovative hotel concepts since its inception in 1991 andhas received several awards and other highly noted recognitions forits clever strategic positioning with its frequent visitors thatsearch for a hotel with great service at an affordable price. £ When completed at the end of 2007, the Holiday Inn Express Hotel &Suites Santo Domingo will have a business center, outdoor swimmingpool, spa, fitness center, and four meeting rooms. £ "We are very proud to be developing one of IHG's fastest growingbrands in our magnificent city of Santo Domingo; a city that has therichest products, culture and history in the entire Caribbean," saysPierre Nahas of Inverplata S.A. "We believe this new venture will notonly benefit us and IHG, but it will also benefit the tourism industryas well as the economic interests of the region." £ Santo Domingo is the Capital of the Dominican Republic and is agreat place to begin a Caribbean travel adventure. It is an enchantingcity that melds a contemporary metropolis with an antique Europeancharm, and tropical Latin flavors. The city offers exquisite dining,an energetic night life, and great shopping venues. It is consideredto be the first European city in the Western Hemisphere, and a largepart of its old world inheritance has been preserved in a region nearthe Ozama River called the "Colonial City," which UNESCO declared aWorld Heritage Site in 1990. £ "We are thrilled with this new InterContinental Hotels Groupproject and we wish them much success; we already know that SantoDomingo's tourism is on the rise and will see an even greater increasein the years ahead," says Felix Jimenez, Secretary of Tourism for theDominican Republic. £ IHG in Latin America has opened four Holiday Inn Express brandhotels in the last two years, including three properties in Curitiba,Brazil, the Holiday Inn Express Ave. Sumare, in Sao Paulo, Brazil, andthe Holiday Inn Express Puerto Montt in Puerto Montt, Chile. Thissigning agreement also complements recent Holiday Inn Expressagreements that include: Holiday Inn Express Medellin La Strada, inMedellin, Colombia and the Holiday Inn Express Quito, in QuitoEcuador. £ Holiday Inn Express participates in Priority Club Rewards. Withmore than 28 million members, Priority Club(R) Rewards is the first,largest and fastest-growing guest loyalty program in the hotelindustry. Winner of the 18th Annual Freddie Awards hotel loyalty"Program of the Year" and named "Best Hotel Rewards Program in theWorld" by Global Traveler magazine, Priority Club Rewards offers moresought-after benefits and the greatest ease of use of any hotelloyalty program. In addition to flexible features like No PointsExpiration and No Blackout Dates, members have more options for pointsredemption than any other hotel loyalty program. Enrollment inPriority Club Rewards is free. Guests can enroll by logging on atwww.priorityclub.com, by calling 1-888-211-9874 or by inquiring at thefront desk of any of IHG's 3,600 hotels worldwide. £ As part of the InterContinental Hotels Group global portfolio,Holiday Inn Express hotels are located in major urban centers, gatewaycities and resort destinations. For reservations at Holiday InnExpress properties, visit www.hiexpress.com. £ Note to Editors: £ InterContinental Hotels Group PLC of the United Kingdom (LSE:IHG)(NYSE:IHG) (ADRs) is the world's largest hotel group by number ofrooms. InterContinental Hotels Group owns, manages, leases orfranchises, through various subsidiaries, over 3,650 hotels and540,000 guest rooms in nearly 100 countries and territories around theworld. The Group owns a portfolio of well recognized and respectedhotel brands including InterContinental(R) Hotels & Resorts, CrownePlaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, HolidayInn Express(R), Staybridge Suites(R), Candlewood Suites(R) and HotelIndigo(R), and also manages the world's largest hotel loyalty program,Priority Club(R) Rewards with over 28 million members worldwide. £ InterContinental Hotels Group offers information and onlinereservations for all its hotel brands at www.ichotelsgroup.com andinformation for the Priority Club Rewards program atwww.priorityclub.com. £ For the latest news from InterContinental Hotels Group, visit ouronline Press Office at www.ihgplc.com/media Copyright Business Wire 2006Related Shares:
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