IHG and Omaxe sign new Holiday Inn in New Chandigarh, India

IHG (InterContinental Hotels Group), one of the world's leading hotel companies and India's leading premier real estate developer Omaxe, have signed an agreement for the new-build Holiday Inn New Chandigarh Sector 4B. The hotel will add to IHG's strong pipeline of properties of the Holiday Inn brand family, which represent 85% of the hotel group's growth in India.

Located within a 1,000 acre township known as Omaxe New Chandigarh, the 150-room hotel will be part of a mixed- use development which includes commercial, retail and residential establishments, answering to New Chandigarh's demand for both business and leisure travel in the area. Aside from the high level of comfort that the international brand is renowned for, the city hotel will feature function areas, all day dining and specialty restaurants, and other recreational facilities.

Mr. Mohit Goel, CEO, Omaxe Ltd. said, "We are very pleased to enter into this agreement with IHG. Holiday Inn New Chandigarh Sector 4B will offer both business and leisure guests in New Chandigarh the international standard of accommodation and service that Omaxe has promised."

Omaxe, one of the leading real estate companies in India, currently has a footprint in 9 states across 30 cities in India.

Douglas Martell, Vice President, Operations, South West Asia said, "New Chandigarh is a new eco- friendly township on the periphery of Chandigarh city with great potential for both business and residential demand. It is an ideal location for Holiday Inn in New Chandigarh and we are very much looking forward to our partnership with Omaxe in bringing our much-loved brand to life there."

There are currently 1,217 Holiday Inn hotels and resorts around the world and 245 in IHG's global pipeline.