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Business & Finance

IHG Executes Four New Resort Signings in Southeast Asia that Includes Regions First Kimpton and New Market Entry for Hotel Indigo

SINGAPORE. October 24, 2017 - IHG (InterContinental Hotels Group) one of the world’s leading global hotel companies, today announced, at the 2017 Hotel Investment Conference Asia Pacific (HICAP), significant growth to its resort portfolio with the signing of four new properties, which includes the first Kimpton Hotels & Restaurants property in Southeast Asia.

The four new resorts are:
•Kimpton Bali
•InterContinental Sapa Resort
•Holiday Inn Resort Sapa
•Hotel Indigo Phu Quoc Starbay

Rajit Sukumaran, Chief Development Officer, Asia, Middle East and Africa (AMEA), IHG commented: “It’s fantastic to be bringing new brands to new markets with new and existing partners as we continue to drive scale and brand preference as part of our global strategy. Resorts provide a halo effect to our brands, attract high value global travellers and enable our guests to explore new destinations.

With these four new resorts signings, we are excited to be expanding our resorts portfolio and delighted to bring the first Kimpton Hotels & Restaurants in Southeast Asia to a great resort location.”

A luxury and lifestyle sanctuary in Nusa Dua

IHG, together with Ownco, will bring the first Kimpton to Southeast Asia. Kimpton Bali will feature 50 luxurious villas and sit on the picturesque Nusa Dua coast. The Kimpton brand is lauded for introducing the boutique hotel concept to the U.S. over 35 years ago and was acquired by IHG in 2015. Its individually designed hotels blend with the local culture to deliver guests a genuine, personalised experience that is both authentic and reflective of its location.

Gita Wirjawan, Chairman, Ownco said: “As a travel destination, Bali has experienced continued tourism growth from all over the world, with more than a 20 percent increase in visitors this year alone. Kimpton Bali, with its distinct style steeped in the local culture, will be the perfect addition to Bali’s hospitality landscape, offering guests an exceptional boutique experience, genuine service, superlative style and distinctive perks.”

Spectacular views of the Hoang Lien Son mountain range, part of the eastern Himalayas

Further boosting IHG’s presence in Vietnam, the northern town of Sapa will welcome InterContinental Sapa Resort and Holiday Inn Resort Sapa in 2021 developed by Alphanam Investment Joint Stock Company. The luxurious InterContinental Sapa Resort will comprise 200 villas and rooms offering an immersive experience in the paddy fields, while the Holiday Inn Resort Sapa will feature 275 rooms ideal for the perfect relaxing family vacation. A key feature is a knowledge centre, shared by both resorts, where guests can learn about Sapa and its rich tribal culture.

First Hotel Indigo in Vietnam on the “pearl island”

Another new market entry for IHG is the first Hotel Indigo in one of Vietnam’s top resort destinations, Hotel Indigo Phu Quoc Starbay. Set to open in 2021 and developed with existing owners, MIK Group, the property is located along Dai Beach, in the exclusive Starbay precinct. The hotel will comprise a variety of rooms and suites, luxurious pools, a signature beachfront neighbourhood café-and-bar, and the artistic vibes that one would expect of a Hotel Indigo. With no two properties alike, Hotel Indigo caters to the rise in demand for those guests looking for the individuality and style of a boutique hotel with the security and consistency of one of the world’s largest hotel groups.

IHG currently has 42 resorts in operation across AMEA, which account for 15% of its total property portfolio, and 25 resorts in the development 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:
Anne-Lise Berthon
annelise.berthon@ihg.com
+65 6395 6147

Coming Up In The December Online Hotel Business Review




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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.