4th Jan 2007 15:25
InterContinental Hotels Group (LSE:IHG) (NYSE:IHG) (ADRs) (IHG),the world's largest hotel group by number of rooms, announced todaythat the owners of IHG properties throughout Latin America and theCaribbean are investing a total of $95 million to upgrade, expand andrenovate their hotels. Renovations began in 2005 and will be completedby the end of 2007. £ A total of 22 properties will be renovated which will range fromupgrades to the physical plant to complete transformations of theproperty. £ "Our owners have made a significant and comprehensive investmentin their hotels," says Alvaro Diago, Area President, IHG LatinAmerica. "They recognize the necessity to consistently upgrade theirhotels to ensure that guests' needs are not only being met, butexceeded. Their combined $95 million investment reflects theircommitment to provide the highest quality hotel offering living up toIHG's brand standards." £ IHG is the second largest hotel operator in Latin America, with atotal of 60 hotels in 18 countries. IHG has consistently helped shapethe region's hospitality industry throughout its six decades in LatinAmerica with innovative strategies - from hotel properties withinmixed-use developments and convention centers, to the recentannouncement to open the first Holiday Inn Hotel and School in LatinAmerica, which will be located in Panama City. £ Over the years, the region has experienced rapid expansion of theupscale Crowne Plaza brand, the mid-scale Holiday Inn brand and thefast-growing Holiday Inn Express brand. £ "We applaud our owners for their pro-activity and foresight,"concludes Diago. "Their properties are already among the leadinghotels in their respective markets. The renovations and expansionsfurther their position all the more." £ Renovation and expansion details: £ Argentina £ -- InterContinental Buenos Aires £ Renovations: Guestrooms, expanded lobby area, renovated gardensand exterior facade £ -- Holiday Inn Express Puerto Madero £ Renovations: Guestrooms, common areas, reception area, businesscenter, and hotel is 100 percent WIFI (wireless) £ Brazil £ -- InterContinental Sao Paulo £ Renovations: Added the latest technology to all its guestroomsincluding WIFI £ -- Crowne Plaza Sao Paulo £ Renovations: Lobby, restaurant; Added Sleep Advantage Program tospecial rooms, refurbished meeting rooms £ -- Holiday Inn Parque Anhembi £ Renovations: New convention center and four meeting rooms that canaccommodate up to 500 people; additional ballroom under constructionto accommodate 1200 people £ Chile £ -- InterContinental Santiago £ Renovations: New recreational tower that houses a pool, barrestaurant, spa, gym and multi-purpose rooms £ -- Crowne Plaza Santiago £ Renovations: Presidential Suite, junior suites and generalupgrades to the property £ -- Holiday Inn Express Concepcion £ Renovations: Guestrooms, gym, reception area, all common areas,business center and added WIFI £ Colombia £ -- InterContinental Medellin £ Renovations: Pool area, reception area and lobby bar; guestrooms,Added new banquet space, meeting rooms; redesigned landscape underguidance with local botanical garden £ -- Crowne Plaza Bogota £ Renovations: room renovations; meeting room renovations £ Costa Rica £ -- Real InterContinental Costa Rica £ Renovations: In process: new tower with 120 InterContinental Clubguestrooms; five new restaurants £ Nicaragua £ -- Real InterContinental Metrocentro Managua: £ Renovations: In process: 100 guest rooms £ -- Crowne Plaza Managua £ Renovations: All guestrooms, restaurants, bar, landscaping, poolarea and exterior of the hotel £ -- Holiday Inn Select Managua £ Renovations: Lobby area; executive floor rooms; new banquet andmeeting room £ Panama £ -- Crowne Plaza Panama £ Renovations: Hotel was re-branded, upgrades to suites, lobby,restroom areas, and added Sleep Advantage' program to guestrooms £ Peru £ -- Holiday Inn Select Lima £ Renovations: new pool, guestrooms, lobby area and restaurant £ Venezuela £ -- InterContinental Guayana £ Renovations: Lobby area and restaurant; new convention center;WIFI wireless access to all guestrooms £ -- InterContinental Tacarigua Valencia £ Renovations: Guest rooms, gym, pool area and hotel's facade £ -- Crowne Plaza Maruma Maracaibo £ Renovations: guestroom renovations in process; meeting rooms;common areas £ Dominican Republic £ -- InterContinental V Centenario Santo Domingo £ Renovations: guestrooms, meeting rooms, public areas, restaurants,new lobby bar, fitness center and InterContinental Club level floors £ Aruba £ -- Holiday Inn SunSpree Palm Beach £ Renovations: guestrooms and added two new restaurants £ Jamaica £ -- Holiday Inn SunSpree Resort Montego Bay £ Renovations: Guestrooms, lobby area and restaurants; added newlobby bar and teen activities center; beach island redesign; beachrecovery; landscaping redesign. £ 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 and543,775 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 30 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 2007Related Shares:
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