IHG to Open 20 Express by Holiday Inns in Spain

InterContinental Hotels Group (IHG) signed a 20-hotel franchise agreement with the British investment group Zinnia Hotels Properties Holdings.

The 20 new Express by Holiday Inn properties will be signed in the next five years, with an anticipated approximate total investment of €180 million by the investment group, effectively doubling IHG’s concentration of Express by Holiday Inn branded hotels in Spain.

IHG’s portfolio within Spain currently includes 15 Express by Holiday Inn hotels, including a new property at Madrid Airport which was unveiled in September 2007.

With six more hotels currently in the pipeline, the new agreement with Zinnia Hotels Properties is set to reinforce the brand’s positioning as a fresh, clean, uncomplicated hotel choice offering comfort, convenience and good value to business and leisure travelers visiting key cities.