Business & Finance

IHG Signs with Grucaba SAC for New-Build Holiday Inn Property in Lima, Peru

LIMA, PE. April 26, 2017 - InterContinental Hotels Group (IHG), one of the world’s leading global hotel companies, announces the signing of a new-build Holiday Inn® hotel in Lima, the capital of Peru.

The 19-story, 200-room property will be owned by Grucaba SAC and managed by IHG. The hotel will be situated on Avenida Ricardo Palma in the Miraflores District, an affluent residential area south of downtown Lima known for its upscale dining and shopping.

Jorge Apaez, Chief Operating Officer Mexico, Latin America, and Caribbean, IHG®, said: “This signing of the Holiday Inn Lima hotel reinforces our commitment to growing the IHG portfolio in Peru. We are extremely pleased to further expand our presence in this country, which offers excellent growth opportunities for our hotels.”

Scheduled for a Q3 2019 opening, the two-tower hotel will be comprised of a lower eight-story tower and an upper 17-story tower with complementary architectural design features. The Holiday Inn Lima hotel will have 5,500 sq. ft. of meeting space, a full-service restaurant and bar, and will feature a rooftop swimming pool accompanied by an indoor bar and pool lounge. The hotel will also include a business center and fitness center. The property’s upper tower will consist of 200 rooms, including five suites, and an underground parking garage located beneath the tower.

The Holiday Inn Lima hotel joins the Holiday Inn Lima Airport property, currently under construction, as the second property for the brand in the city and serves as a testament to IHG’s commitment in the market.

Manuel Cabada Varea, Owning Director, Grucaba SAC, said: “We are very proud to be signing an agreement with IHG to build a new Holiday Inn property and to be expanding one of the industry’s most recognized brands within our capital city of Lima. We look forward to continuing to work with IHG as well as RH-10, the project management company that has proven expertise working with international brands, as we develop this hotel and create future opportunities for growth.”

In 2016, IHG also announced the addition of two new-build Holiday Inn Express® properties in Peru: one in Lima and a second in Piura, a strategic business center in the northern part of the country. Both properties are slated to open in 2019.

The city of Lima is considered to be the country’s economic hub, as well as one of the most dynamic Latin American financial markets and home to numerous multinational corporations. Peru continues to be one of South America’s fastest-growing and economically evolving countries and offers great opportunities for the growth of IHG’s brands.

IHG® has nearly 1,250 Holiday Inn hotels worldwide, 29 of which are located throughout Latin America. IHG has hotels in nearly 100 countries, with 225 hotels and more than 38,000 rooms throughout Mexico, Latin America and the Caribbean.

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® Hotels & Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites®. IHG franchises, leases, manages or owns nearly 5,200 hotels and 770,000 guest rooms in almost 100 countries, with nearly 1,500 hotels in its development pipeline. IHG also manages IHG® Rewards Club, the world’s first and largest hotel loyalty programme with more than 100 million enrolled 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.

About Holiday Inn

The Holiday Inn® brand, which offers nearly 1,250 hotels and resorts worldwide, has helped millions of travelers discover the joy of travel since its inception in 1952. Designed to meet the needs of both business and leisure travelers, Holiday Inn hotels deliver memorable experiences through warm and welcoming service, contemporary design that blends the familiar with the new, and a sense of comfort unique to the brand and its iconic green sign. At Holiday Inn hotels, guests can find amenities to help them work and play, including full-service restaurants where Kids Eat Free, meeting and business facilities, bright swimming pools and comfortable lounges all designed to help guests relax and refresh, making travel more enjoyable for all. For more information about the Holiday Inn brand, visit www.holidayinn.com or call 1-888-HOLIDAY.

Contact:
Ada Hatzios
ada.hatzios@ihg.com
+1 (770) 604 8564

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