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Acquisitions & Hotel Openings

IHG Signs with WIK Capital for New-Build Staybridge Suites Warsaw Ursynów Set for Late 2019 Opening

WARSAW, PL. August 29, 2017 - InterContinental Hotels Group® (IHG), one of the world’s leading hotel companies, has announced the signing of Staybridge Suites® Warsaw Ursynów – the first Staybridge Suites® in Poland and the brand’s eighth property in Europe.

Due to open in late 2019, the 190 room new build hotel will operate under a franchise agreement with WIK Capital and will be located in Ursynów, Warsaw’s third largest district.

The hotel will benefit from close proximity to Warsaw Airport, which is only a 15 minute drive away, as well as popular tourist destinations including Kabaty Forest, Natolin Palace and the renowned S³u¿ewiec horseracing track, making it an ideal choice for business travellers who will be in the city for an extended period of time, or guests seeking a home away from home during their travels.

Staybridge Suites aims to create a community feel for guests during their stay and the public spaces are commonly used for social events where guests can get to know each other. The hotels feature hallmarks designed to make guests feel comfortable and at home, including separate workspaces with free WiFi throughout the hotel and a 24-hour Business Centre, ensuring guests can take care of business on their own schedule. Other features include a fitness room, laundry room facilities and a 24/7 convenience store.

Miguel Martins, Director, Development Poland, IHG, commented: “We are excited to be bringing Poland’s first Staybridge Suites to Warsaw. As the financial hub of Poland, Warsaw is the perfect location for the brand. Staybridge Suites has more than doubled its presence in the last ten years globally and as Warsaw becomes a tourism and business hub within Eastern Europe, it makes perfect sense to develop Poland’s first Staybridge Suites here.”

Cezary Tur, Business Development Director, WIK Capital, commented: “We are pleased to be opening our first IHG branded property in Warsaw in late 2019. IHG offered us all the qualities we are looking for in a long-term partner and we look forward to working together to make this property a well-loved hotel by business and leisure travellers.”

Staybridge Suites is IHG’s global extended-stay brand. Launched in Europe in 2008, the brand offers spacious studios, one-bedroom and two-bedroom suites designed to create a homely residential environment to meet the needs of extended stay guests. It is ideal for business travellers on extended visits, those relocating or guests who are seeking a home from home environment during their holiday.

There are currently seven Staybridge Suites across Europe with a further six in the pipeline.

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 more than 5,200 hotels and nearly 780,000 guest rooms in almost 100 countries, with more than 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:
Iman Denney-Brown
iman.denneybrown@ihg.com
+44 (0) 1895 512 267

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.