IHG Awarded Two New Management Contracts In The Philippines

Lance Gokongwei, President and Chief Operating Officer, Robinsons Land Corporation, said, "Exciting times are ahead for RLC - the rebranding of Manila Galleria Suites to Holiday Inn will take place on 1 June 2003 and the Crowne Plaza property will be launched in early 2005 when construction is completed. We are confident that our partnership with IHG is a positive move that will contribute to building value for our properties, our shareholders and the Philippine tourism industry. Through our agreement with IHG, we now carry two of the most recognised brands in the world and have access to IHG's industry expertise, its state-of-the-art reservations system Holidex Plus, and the group's 15 million Priority Club Rewards members".

"InterContinental Hotels Group is on the move in Asia Pacific. With the best brands for both business and leisure travellers in some of the most sought after locations in the region, the Holiday Inn and Crowne Plaza properties in Manila will complement our existing properties including the InterContinental Manila and Holiday Inn Resort Clark Field, and boost our presence in the Philippines," said A. Patrick Imbardelli, Managing Director of InterContinental Hotels Group, Asia Pacific.

"Together with the strength of our Holiday Inn and Crowne Plaza brands, our partnership with Robinsons Land Corporation will enable us to leverage our people, infrastructure and knowledge to attract lifelong customers, enhancing revenues and returns for the properties," added Mr. Imbardelli.

Through the management contract, the 284-room Manila Galleria Suites will be rebranded to a Holiday Inn Galleria Manila in advance of a 12-month refurbishment programme. The project will include the installation of facilities required by the corporate market including high-speed Internet access, conducive work spaces and recreational facilities.

As the place to meet, the new 260-room Crowne Plaza Hotel, will boast extensive meeting facilities, as well as new service initiatives to cater to the small and mid-sized meetings market. The new Crowne Plaza Hotel is under construction at a prime location at the corner of Ortigas and Asian Development Bank (ADB) Avenue.

InterContinental Hotels Group PLC of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)], owns, manages, leases or franchises more than 3,300 hotels and 515,000 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 Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn, Express by Holiday Inn and Staybridge Suites, and also has a controlling interest in Britvic, the second largest soft drinks manufacturer in the UK. InterContinental Hotels Group offers information and reservations capability on the Internet - for InterContinental Hotels & Resorts, www.crowneplaza.com for Crowne Plaza Hotels & Resorts, www.holiday-inn.com for Holiday Inn hotels, for Express by Holiday Inn hotels, www.staybridge.com for Staybridge Suites by Holiday Inn hotels and, for the Group's rewards programme, www.priorityclub.com. For the latest news from InterContinental Hotels Group, visit our online Press Office at .

About Robinsons Land Corporation - Robinsons Land Corporation (RLC.PM), one of the Philippines' leading real estate companies, is involved in the development and operation of shopping malls, mixed-use properties, office buildings, residential condominiums, as well as land and residential housing developments, including socialized housing projects and hotels. RLC was incorporated on June 4, 1980 to serve as the real estate arm of JG Summit Holdings Inc., one of the country's largest conglomerates with diverse interests in branded consumer foods, agro-industrial and commodity food products, textile, telecommunications, petrochemicals, air transportation and financial services. For further press information and supporting photography, please contact:

Burson-Marsteller Singapore
Debra Wang
Tel: (65) 6331 5251
Fax: (65) 6339 3313
E-mail: [email protected]