InterContinental Renovates Caribbean Properties

InterContinental, owner of IHG properties throughout Latin America and the Caribbean, is shelling out a total of $95 million to upgrade, expand and renovate their hotels. Renovations kicked off in 2005 and will be completed by the end of 2007.

A total of 22 properties will be renovated which will range from upgrades to the physical plant to complete transformations of the property.

“Our owners have made a significant and comprehensive investment in their hotels,” says Alvaro Diago, Area President, IHG Latin America. “They recognize the necessity to consistently upgrade their hotels to ensure that guests’ needs are not only being met, but exceeded.”

IHG is the second largest hotel operator in Latin America, with a total of 60 hotels in 18 countries. IHG has consistently helped shape the region’s hospitality industry throughout its six decades in Latin America with innovative strategies, from hotel properties within mixed-use developments and convention centers, to the recent announcement to open the first Holiday Inn Hotel and School in Latin America, which will be located in Panama City.

Over the years, the region has experienced rapid expansion of the upscale Crowne Plaza brand, the mid-scale Holiday Inn brand and the fast-growing Holiday Inn Express brand.