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Acquisitions & Hotel Openings

Owned by African Sun Limited, Holiday Inn Opens in Mutare, Zimbabwe

MUTARE, ZW. July 13, 2017 - InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, announced the opening of its new Holiday Inn® in Mutare, Zimbabwe.

The franchised property, owned by African Sun Limited, features 96 rooms, an outdoor pool and a meeting room capable of seating 250 people. It is located in the heart of the city centre with significant business activity across the forestry, citrus farming and mining industries.

Outside of Southern Africa, the UAE is Zimbabwe’s biggest export market. Mutare is positioned in the diamond mining region of Zimbabwe, and close to the Tete Province, a coal mining region in Mozambique. Zimbabwe imports machinery, electrical and electronic equipment from the UAE, and its largest exports are in the diamond industry.

Commenting on the announcement, Pascal Gauvin, Chief Operating Officer, India, Middle East and Africa, IHG, said: “Africa represents huge untapped opportunities for a variety of industries across the region. We’re thrilled to announce the opening in Mutare as we believe that it will further support business travel between the Middle East, and Africa. We are especially proud to continue working with established partners such as African Sun Limited who also own several other properties with us. We are excited to begin welcoming guests to the Holiday Inn Mutare.”

Edwin T Shangwa, Managing Director, African Sun, said: “We are happy to be partnering with IHG once again. We have successfully launched two Holiday Inn hotels together, and have seen great success across both properties. Now that the hotel has opened its doors, it will benefit equally from IHG’s global distribution systems, strong brand portfolio and loyalty programmes.”

The Holiday Inn Mutare is the third Holiday Inn franchised property with the African Sun Limited. The Holiday Inn Harare and Holiday Inn Bulawayo have both performed to brand standards and present further opportunities for growth. The new Holiday Inn property in Mutare increases IHG and Africa Sun’s footprint to a total of 351 rooms.

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®, 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, 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 350,000 people work across IHG’s hotels and corporate offices globally. Visit www.ihg.com for hotel information.

Contact:
Parisa Chum
parisa.chum@ihg.com
+971 4213 6067

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.