12th Aug 2005 09:05
InterContinental Hotels Group PLC12 August 2005 12 August 2005 INTERCONTINENTAL HOTELS GROUP CONTINUES GROWTH IN THE UK WITH NEW FRANCHISE AGREEMENT InterContinental Hotels Group PLC ("IHG") announces the signing of a newfranchise agreement for up to 16 hotels in the UK owned by Queens Moat HousesLimited. Initially 11 of the hotels will be converted to the Holiday Inn brandand two to the Crowne Plaza brand. Three further hotels may be converted at alater date. The initial 13 hotels, managed by Queens Moat Houses UK Limited, will undergosignificant refurbishment as part of the deal and will be operated under a 20year franchise agreement. These additions will bring the total number of hotelsoperating under IHG brands in the UK to 227 (31,909 rooms). Andrew Cosslett, Chief Executive Officer of InterContinental Hotels Group,commented: "This deal is another important step in the development of our brand portfolioin the UK market. We continue to add to our franchise business and are delightedto be furthering our relationship with Queens Moat Houses." Richard Moore, Managing Director of Queens Moat Houses UK Limited, added: "The decision to franchise an important part of the portfolio in the UK is partof a new corporate strategy for the Group since Queens Moat Houses was acquiredin October 2004. Strong global hotel brands, combined with new capitalinvestment in our hotels will provide us with an excellent base for growth inthe future." Details of the portfolio: Hotel RoomsInitial 13 hotelsHoliday Inn Bolton Centre 132Holiday Inn Doncaster A1(M) Jct 36 102Holiday Inn London - Elstree M25 Jct 23 131Holiday Inn Harrogate 214Holiday Inn Luton South M1 Jct 9 140Holiday Inn Manchester Airport 126Holiday Inn Peterborough West 133Holiday Inn Plymouth 211Holiday Inn London - Shepperton 185Holiday Inn Solihull 115Holiday Inn Stratford Upon Avon 251 1,740Crowne Plaza Glasgow 283Crowne Plaza Nottingham 210 493Total 2,233 Potential Further three hotelsMoat House Reading (Holiday Inn) 100Moat House Gloucester (Holiday Inn) 120 220Moat House Chester (Crowne Plaza) 160 380Potential total 2,613 For further information, please contact:Investor Relations - InterContinental Hotels Group +44 (0) 1753 410 176 (Gavin Flynn, Paul Edgecliffe-Johnson): +44 (0) 7808 098 972 Media Enquiries - InterContinental Hotels Group +44 (0) 1753 410 425 (Leslie McGibbon): +44 (0) 7808 094 471 Media Enquiries - Moat House Hotels +44 (0) 161 929 8700 (Kara Rose) +44 (0) 7787 535 246 Notes to Editors • InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG (ADRs) is the world's largest hotel group by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, more than 3,500 hotels and 535,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental(R) Hotels & Resorts, Crowne Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn Express(R), Staybridge Suites (R), Candlewood Suites(R) and Hotel IndigoTM, and also manages the world's largest hotel loyalty programme, Priority Club(R) Rewards, with over 25 million members worldwide. In addition to this, InterContinental Hotels Group has a 47.5% interest in Britvic, one of the two leading manufacturers of soft drinks, by value and volume, in Great Britain. • For the latest news from InterContinental Hotels Group, visit our online Press Office at www.ihgplc.com/media. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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