IHG Signs Agreements for Four New Properties in Brazil

InterContinental Hotels Group (IHG) announced that it has signed several agreements with developers to build four new properties by the end of 2008 in Brazil, in the cities of Manaus, Natal, Foz do Iguazu and Aparecida do Norte.

These deals confirm IHG’s commitment to further developing its Holiday Inn and Holiday Inn Express brands in Latin America, as well as its plans for expansion throughout the country of Brazil.

“Brazil is an extremely important region for IHG since it is the sixth most populated country in the world. Brazil’s continuous economic growth fuels its massive business and tourism industries, which provides tremendous room for growth for all our brands, including Holiday Inn and Holiday Inn Express,’ said Alvaro Diago, area president, Latin America, IHG.

The 240-room Holiday Inn Manaus will be located in the Free Zone District next to the Shopping Studio 5 Festival Mall and the Studio 5 Convention Center. The 12-story hotel will feature a business center, several meeting rooms, gymnasium, restaurant, swimming pool and ample parking. Located in the middle of the Capital of the Amazon, the hotel will be perfectly suited for both business and leisure travelers.

Holiday Inn Manaus will be owned and developed by Ypuã Empreendimentos Imobiliários (a partnership between Construtora Sao Jose and RALC Empreendimentos) and will be managed by IHG’s Americas operations division, The Hotel Management Group, under a management contract. Construtora Sao Jose also owns the Holiday Inn Parque Anhembi in Sao Paulo and the Holiday Inn Salvador Bahia, in northeastern Brazil.