IHG Signs Two New Hotels In Bangladesh
Continues to expand footprint in SWA with multiple signings across brands
InterContinental Hotels Group® (IHG), one of world's leading hotel companies, has signed a management agreement with Evalona Limited for two new build hotels in Bangladesh. The 200-room Holiday Inn Resort Kuakata is due to open in early 2026 and the 150-rooms Crowne Plaza Kuakata will open its doors to guests in Q1 2028. Located on the second largest beach in Bangladesh, both hotels will be best in class products in the country.
Affirming an optimistic mid-long-term outlook despite on the ongoing global pandemic, this marks the third signing across four hotels for IHG in the SWA region since Q2 2020.
Located approximately 280 kms from Dhaka, Kuakata is a beach town on the banks of the Bay of Bengal in Southern Bangladesh. A beautiful destination on its own, the beach is 18 kms long and 3 kms wide and offers a full view of sunrise and sunset. The location can also be accessed by speed boat from the Sundarbans (mangrove forests) and is in close proximity to Payra Seaport development, which is set to become an important seaport in the country.
A perfect destination for MICE events, Crowne Plaza Kuakata will offer a ballroom accommodating 800-900 guests, two function rooms, two meeting rooms, a business centre and a boardroom (2,475 sqm in total). Offering a wide range of F&B options, the hotel will feature an all-day dining restaurant, two specialty restaurants and a lobby lounge & bar. For guests to rejuvenate, Crowne Plaza Kuakata will feature a spa, a fitness centre, an outdoor pool and a recreation area, as well.
Positioned as a great destination for leisure travelers, on opening, Holiday Inn Resort Kuakata will feature an all-day dining restaurant, a fitness centre, a retail area along with an indoor and outdoor recreation area. The hotel will also offer a meeting room and a boardroom for guests with business requirements.
He added: "The signing is testament to our long-term commitment to grow in the SWA region and introduce right brands to key markets with the right partners. Despite current challenging circumstances, we are confident in the mid-long-term outlook of the industry - it is great to see that our owners share the same sentiment and are investing in our trusted brands."
Sadiq Rahman, Managing Director, Evalona Limited said: "We are excited to partner with IHG for our first hospitality project and bring Crowne Plaza and Holiday Inn brands to the beautiful beach of Kuakata. IHG has a strong reputation in the country with their existing portfolio and a robust pipeline. We are confident that we will benefit from their experience, expertise and operational excellence, and that both hotels will be successful on opening in the future."
IHG has 39 hotels in SWA across mainstream, upscale and luxury segments and 54 in the pipeline. *
*numbers as of June 30th
IHG ® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN Hotels ®, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, voco™, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Holiday Inn Club Vacations®, avid™ hotels, Staybridge Suites®, Atwell Suites™ and Candlewood Suites®.
IHG franchises, leases, manages or owns nearly 5,800 hotels and approximately 865,000 guest rooms in more than 100 countries, with over 1,900 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 400,000 people work across IHG's hotels and corporate offices globally.
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