Industry Update
Press Release 9 October 2019

IHG® seals record number of deals at Expo Real in Munich

The signing of three Multiple Development Agreements (MDAs) and three hotels builds strong momentum for IHG® in Northern Europe and will deliver more than 50 hotels over the next 5-10 years

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InterContinental Hotels Group (IHG)

IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has today announced the signing of three MDAs at Europe's largest real estate investment trade show Expo Real in Munich.

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The deals will see the development of more than 50 hotels, including IHG's new brands avid hotelsTM in Germany and vocoTM Hotels, across Germany, Austria, Switzerland, Belgium and the Netherlands. Under the structure of the MDAs the specific hotel brands and locations will be signed over the next 10 years. IHG also signed a Holiday Inn for Barcelona and two Holiday Inn Express hotels for Munich-Eching and Antwerp. All projects were signed with long-term partners Tristar, Success Hotel Group, PREM Hospitality and Novum Hospitality.

Mario Maxeiner, Managing Director, Northern Europe, at IHG said: "MDAs are designed as a means to grow together with our Owners. So these agreements are a testament to the trusted relationships we have with our Owners and to the continued success story of our globally renowned brands such as Holiday Inn and Crowne Plaza. I am especially happy that our Owners and investors share our enthusiasm for our two newest brands in the market, voco Hotels and avid hotels in Germany. Both brands were developed with very distinct Owner and guest propositions to answer a specific need in the market and it's really great to see them pick up pace."

MDA agreements drive strong growth in Germany, Austria and Switzerland

IHG's latest MDAs will continue to build momentum for IHG's mainstream and upscale brands in Northern Europe, particularly in Germany, Austria and Switzerland. Two of the three MDAs signed at Expo Real were signed with long-term partners Success Hotel Group and Tristar. Combined they will deliver up to 40 hotels to these German speaking markets over the next 5-10 years. Both agreements include hotels across the brands Holiday Inn, Holiday Inn Express, Hotel Indigo, Crowne Plaza and Staybridge Suites, as well as IHG's new brands avid hotels and voco.

  • The Success Hotel Group MDA will deliver 20 hotels.
  • The Tristar agreement extends an existing MDA by 20 hotels (to 50 hotels in total). Tristar and IHG also signed the first hotel under the new agreement extension: the Holiday Inn Express Munich - Eching.

Strong owner interest in Belgium and the Netherlands

IHG will also further increase its footprint in Belgium and the Netherlands, having signed a new MDA agreement with long-standing partner PREM Hospitality. The Irish Hospitality Management company sees Belgium and the Netherlands as a strategic hub for its expansion of short-stay and long-stay locations across continental Europe and builds on the trusted relationship with IHG to further drive growth in those markets. The partnership will see the development of 10 - 15 hotels in the region, focusing on the brands Holiday Inn, Holiday Inn Express, Hotel Indigo, Crowne Plaza and voco. IHG and PREM also already signed the first hotel under the new agreement, paving the way for the construction of a new Holiday Inn Express in the heart of Antwerp in Belgium.

IHG and Novum
Hospitality expand partnership to Barcelona, Spain

IHG's third hotel signing at Expo Real will see the development of a Holiday Inn close to Barcelona, Spain, with long-standing MDA partner Novum Hospitality. Building on its well-established relationship with IHG in Germany, NOVUM Hospitality decided to partner with IHG for its expansion into the Spanish market. Located in the charming and historical town of Sant Cugat del Vallés just 30 minutes outside of Barcelona, the new hotel will feature more than 200 rooms and is set to open by the end of 2023. The hotel will be developed by EUROPA-CENTER.

IHG's portfolio is one of the strongest in the Europe market place with more than 750 hotels, of which 167 are in Northern Europe, with 86 properties in the pipeline [1]. IHG's Northern Europe region covers: Germany, Austria, Switzerland, Belgium, the Netherlands, Luxembourg, Czech Republic, Hungary, Poland, Slovakia, Norway, Denmark, Sweden, Finland and Iceland.

Image Caption: MDA signing with Success Hotel Group: [left to right] Michael Friedrich (CEO Success Hotel Group), Dr. Thomas Leib (Chief Acquisition Officer Success Hotel Group), Martin Bowen (Head of Development, DACH, IHG), Mario Maxeiner (Managing Director, Northern Europe, IHG)

[1] As of 30 June 2019 (Half Year Results 2019)

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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 & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®.

IHG franchises, leases, manages or owns more than 5,300 hotels and nearly 800,000 guest rooms in almost 100 countries, with nearly 1,700 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales. More than 375,000 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.ihgplc.com/media and follow us on social media at: www.twitter.com/ihg, www.facebook.com/ihg and www.youtube.com/ihgplc.

Contact
Amelie Mayer-Quien
Phone: +49 (0) 69 2740 1450
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