IHG Signs Five Hotel Management Deals with HNA Group

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. May 14, 2010

MAY 13, 2010 - InterContinental Hotels Group (IHG), the world's largest hotel group by number of rooms, today signed a management contract of five hotels with its new strategic partner HNA Hotels & Resorts Group (HNA Hotels).

The five hotels, under three of IHG's brands, will span from South to North China and add more than 1,300 rooms to IHG's pipeline.

"We are very excited about this newly formed partnership with HNA Hotels," said Keith Barr, managing director, IHG Greater China. "The combination of our brands, international expertise and systems with their local business insight will create hotels that guests will love."

HNA Hotels is a subsidiary of China's emerging travel company - HNA Group, an integrated operator in the modern service industry, with business in eight industry sectors, such as air transportation, logistics, tourism, finance and property development. HNA Hotels currently owns and operates nearly 50 hotels in China.

"IHG's global hotel management expertise and well built networks in China has given us sufficient confidence in our co-operation," said Zhang Yi, Chairman of HNA Hotels. "The hotel brands that IHG owns will meet the needs of different groups of consumers and ensure the success of our hotels."

The five signed hotels are:

• InterContinental Haikou: 200 rooms, open in 1st quarter, 2014
• InterContinental Changchun: 300 rooms, open in 4th quarter, 2015
• Crowne Plaza Changchun Noble: 290 rooms, open in 4th quarter, 2012
• Crowne Plaza Kunming West: 300 rooms, open in 1st quarter, 2014
• Holiday Inn Beijing Sifang: 217 rooms, open in 1st quarter, 2012

Having been established in the China market since 1984, IHG has become a trusted partner for local owners through its successful operations and strategic expansion. Growing its footprint in Chinese cities, IHG currently has 125 hotels open under four brands - InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts and Holiday Inn Express Hotels - with more than 100 hotels under development.