17 May 2016

IHG® Expands Holiday Inn Express Brand with First Signings in Peru

Construction of two new Holiday Inn Express hotels increases presence in Latin America

MIAMI – InterContinental Hotels Group (IHG), one of the world’s leading global hotel companies, today announces the latest additions to the growing Holiday Inn Express® portfolio with the signing of two new-build properties in Peru: one in Lima, the country’s capital city, and a second in Piura, a strategic business center in the northern part of the country.

Both properties are expected to open in 2019 and will be developed through a joint-venture between Grupo Centenario and Grupo Agrisal. Grupo Centenario is an 85 year-old publicly-traded Peruvian real estate company, and Grupo Agrisal is one of Central America’s most respected enterprises as well as a key IHG development partner with seven hotels open in the region.

Jorge Apaez, Chief Operating Officer, Mexico, Latin America and Caribbean, IHG® said: “IHG is extremely pleased to further expand our brands in Peru, a country which has excellent growth opportunities. We are also proud that when Grupo Centenario decided to diversify into the hospitality sector, it chose IHG as its partner. This also represents an expansion of our relationship with Grupo Agrisal, a testament to our long-standing partnership and commitment to our brands’ success in the region.”

The 164-room Holiday Inn Express Lima San Isidro hotel will be located within the municipality of San Isidro, known as the financial center of Lima. It is home to the country’s largest and most important banks and insurance companies, as well as national and international corporations. The property is conveniently located near major thoroughfares and less than 30 minutes from the Lima International Airport.

The 120-room Holiday Inn Express Piura hotel will be built within the Plaza de la Luna complex, a major shopping center in Piura, in one of the largest cities in northern Peru. The city is located just 40 minutes from Paita, one of the country’s most important ports, and is only a 90 minute flight from Lima. The Holiday Inn Express Piura hotel is also expected to open in the fourth quarter of 2019.

Gonzalo Sarmiento, General Manager, Grupo Centenario said: "We are consistently evaluating opportunities to diversify our holdings. We have concluded that the hospitality sector provides excellent opportunities to support Peru’s ongoing need for internationally-flagged hotels, and we are proud of our relationship with both Grupo Agrisal and IHG.”

Eduardo Quiñonez, Director, Agrisal Hoteles, said: “Having the opportunity to partner with Grupo Centenario is an important strategic decision for both organizations as we each look to diversify our interests. We have a very strong track record with IHG and are extremely confident in the future success of both hotels.”

Grupo Centenario holdings include office buildings, multi-family housing, shopping centers and urban development for housing and industrial use. Grupo Agrisal's primary business focus is to develop and operate hotels and commerical real estate projects in Latin America.

Agrisal Hoteles, the hotel management arm of Grupo Agrisal, currently manages the Crowne Plaza® San Salvador and Holiday Inn® San Salvador hotels in El Salvador, the Holiday Inn San Jose Escazu and Holiday Inn Express San Jose Forum hotels in Costa Rica, the Holiday Inn Express Panama Distrito Financiero hotel in Panama, the Holiday Inn Express Managua hotel in Nicaragua, and the Holiday Inn Express Tegucigalpa hotel in Honduras.

About the Holiday Inn Express® brand
Holiday Inn Express® hotels are modern hotels for value-oriented travelers. Fresh, clean and uncomplicated, Holiday Inn Express hotels offer competitive rates for both business and leisure travelers. Guests Stay Smart® at Holiday Inn Express hotels where they enjoy a free hot Express Start™ breakfast bar with new healthier offerings, free high-speed Internet access and free local phone calls (U.S. and Canada only). There are currently 2,438 Holiday Inn Express hotel locations around the globe. For more information about Holiday Inn Express hotels or to book reservations, visit www.ihg.com/holidayinnexpress. Find us on Twitter http://www.twitter.com/hiexpress or Facebook www.Facebook.com/holidayinnexpress.

Ends

For further information please contact:

Neil Hirsch
neil.hirsch@ihg.com
+1 (770) 604 5775

About IHG®

IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & ResortsKimpton® Hotels & RestaurantsHUALUXE Hotels and ResortsCrowne Plaza® Hotels & ResortsHotel Indigo®EVEN® HotelsHoliday Inn® Hotels & ResortsHoliday Inn Express®Staybridge Suites® and Candlewood Suites®.

IHG franchises, leases, manages or owns more than 5,000 hotels and 742,000 guest rooms in almost 100 countries, with nearly 1,400 hotels in its development pipeline. IHG also manages IHG® Rewards Club, the world’s first and largest hotel loyalty programme with nearly 94 million members worldwide.

InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG’s hotels and corporate offices globally.

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihg.com/media and follow us on social media at: www.twitter.com/ihgwww.facebook.com/ihg and www.youtube.com/ihgplc.