IHG Expand Holiday Inn in UK
InterContinental Hotels Group PLC
11 July 2005
11 July 2005
INTERCONTINENTAL HOTELS GROUP ADDS PORTFOLIO OF FIVE HOLIDAY INN HOTELS IN THE
UK
InterContinental Hotels Group PLC ("IHG") announces the signing of a franchise
agreement for five Holiday Inn hotels in the UK owned by Stardon, a joint
venture company formed between Starwood Capital Europe and Chardon Hotels.
The hotels, managed by Chardon Management, will undergo significant
refurbishment to meet Holiday Inn brand standards, and will be operated under a
twenty year franchise agreement.
Andrew Cosslett, Chief Executive Officer of InterContinental Hotels Group,
commented:
"The Holiday Inn UK portfolio now stands at 100 hotels and continues to out
perform the market. We are delighted to be working with Starwood Capital Europe
and Chardon who are both well respected in the hospitality industry."
Maurice Taylor, Director, Stardon and Chief Executive, Chardon Management,
commented:
"We are delighted to be growing the number of properties we operate with IHG.
Our commitment to Holiday Inn extends back over 12 years and during this time we
have been successfully involved in all areas of the brand as an experienced
hotel operator and franchisee. Having considered all options currently
available, with a global brand and highly developed support system, IHG offer
the best franchise option for these hotels."
Further details of portfolio:
Hotel Rooms
Holiday Inn Leeds - Garforth 144
Holiday Inn Brighton - Seafront 131
Holiday Inn Norwich City Airport 121
Holiday Inn Corby - Rockingham 105
Holiday Inn Glasgow, East Kilbride 101
Total 602
For further information, please contact:
Investor Relations (Gavin Flynn, Paul Edgecliffe-Johnson): +44 (0) 1753 410 176
+44 (0) 7808 098 972
Media Enquiries (Leslie McGibbon): +44 (0) 1753 410 425
+44 (0) 7808 094 471
Enquiries about Stardon or Chardon Management (Nicola Taylor) +44 (0) 141 333 0545
+44 (0) 7711 631886
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.
InterContinental Hotels Group offers information and online reservations for all
its hotel brands at www.ichotelsgroup.com and information for the Priority Club
Rewards programme at www.priorityclub.com.
For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.ihgplc.com/media.
Stardon is a joint venture company formed between Chardon Hotels, which is the
private investment vehicle of Scottish entrepreneur Maurice Taylor, and a fund
sponsored by US investment firm Starwood Capital.
The hotels will be operated by Chardon Management, formore information view
online at www.chardonmanagement.com
This information is provided by RNS
The company news service from the London Stock Exchange