300 Schermerhorn Realty and IHG to Develop $80 Million Holiday Inn in Brooklyn, NY to Open in 2015

. October 22, 2013

BROOKLYN, NY - October 22, 2013 - InterContinental Hotels Group (IHG) today announced its newest hotel development for downtown Brooklyn, minutes from the famed Barclay's Center, the Brooklyn Academy of Music and a variety of shopping and entertainment venues. In partnership with 300 Schermerhorn Realty LLC, the new-build $80 million Holiday Inn® hotel will join the neighborhood at 300 Schermerhorn Street. Construction is expected to complete by the end of 2014, with an anticipated opening in early 2015.

Owned by K.K. Mehta and his son Sanjeev Mehta, the Holiday Inn Brooklyn Nevins Station is their second IHG property in the metro New York area. The Mehta's opened the first Staybridge Suites hotel for New York City in Times Square six years ago and the property continues to outpace its competitors.

At a press event and ground breaking in Brooklyn today, Kirk Kinsell, IHG President for the Americas region said, "We remain focused on strengthening Holiday Inn® brand presence through developing markets like Brooklyn. KK Mehta and his family have been a part of the IHG family for 25 years, and we look forward to our continued relationship with them," he added.

The contemporary 90,000-square-foot, 246-room hotel will have 15 floors with more than 3,000 square feet of meeting space including three meeting rooms and a ballroom. A sauna, steam room, indoor pool and a Jacuzzi and will be among the guest amenities. The new hotel will include features in keeping with the $1 billion Holiday Inn® global brand relaunch - the largest project of its kind in the hospitality history and will have an emphasis on arrival and welcome services, guestroom and guest bath comfort, and a redesigned logo and signage.

"IHG's warm and cordial relationship with their franchisees is unmatched," said K.K Mehta, managing partner, 300 Schermerhorn Realty, LLC. "I've been an IHG hotel owner for quite some time, and over the years I've seen that IHG continues to work with us to drive profitable revenue and improve the guest experience. This is why I am investing in another IHG property."

The hotel design will feature a familiar atmosphere that is warm, trend forward and comfortable. Guest beds will have crisp, white bedding with pillows that come in two comfort levels: "soft" and "firm." Rooms will also include business-focused necessities such as an ergonomic workstation, data ports and complimentary USA TODAY® newspapers. The bathrooms will include a multifunctional showerhead, as well as a signature shower curtain with curved rod, and Bath & Body Works® amenities. Additionally, each room will have standard Holiday Inn guestroom accommodations - comfortable double, queen or king-sized beds, a sitting area with a lounge chair, hairdryer, micro fridge, coffee maker, iron and ironing board.

The hotel restaurant will offer the standard Holiday Inn Best-4-Breakfastâ menu, with signature items such as Rainforest Alliance™ Certified coffee, Cinnamon Supreme French Toast™ and Skillet Inspirations™. Kids 12 and younger eat free at Holiday Inn hotels when ordering from the kids' menu in the hotel restaurant and accompanied by a dining adult. Room Service Right ... On Time™, also a standard at all Holiday Inn hotels, will ensure that guests' room service orders are accurate and delivered on time, every time.

The Holiday Inn Brooklyn Nevins Station hotel, owned by 300 Schermerhorn Realty LLC and managed by New York Hotel Management LLC, is franchised by an affiliate of IHG. Reservations can be made by calling 1-800-HOLIDAY or by going to IHG.com/holidayinn. Holiday Inn hotels participate in IHG's guest loyalty program, IHG Rewards® Club, the industry's first and largest guest loyalty program, with over 74 million members. Membership is free and guests can enroll at IHGRewardsClub.com, by calling 1-888-211-9874 or by inquiring at any of IHG's more than 4,600 hotels worldwide.

About the Holiday Inn brand

With over 1,200 hotels worldwide, the Holiday Inn® brand is the most widely recognized lodging brand in the world. In fact, the Holiday Inn brand was one of the first international hotel brands to establish a presence in China in 1984. The Holiday Inn brand provides the services that business travelers need, while also offering a comfortable atmosphere where all people can relax and enjoy amenities such as restaurants and room service, swimming pools, fitness centers and comfortable lounges. The casual atmosphere and amenities such as meeting and on-site business facilities, Kids Eat and Stay Free programs, and KidSuites rooms at every Holiday Inn Resort hotel demonstrates the long-standing commitment of the Holiday Inn brand to serving travelers and have helped to establish the brand as "America's Favorite Hotel." For more information about Holiday Inn and Holiday Inn Resort, including IHG's vacation resort brand Holiday Inn Club Vacations, or to book reservations, visit ihg.com/holidayinn. Find us on Twitter http://www.twitter.com/holidayinn or Facebook www.Facebook.com/holidayinnhotels.

About IHG (InterContinental Hotels Group)

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organization with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo® Hotels, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express® Hotels, Staybridge Suites® Hotels, Candlewood Suites® Hotels, EVEN™ Hotels and HUALUXE™ Hotels & Resorts.

IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty program with over 74 million members worldwide. The program was relaunched in July 2013, offering enhanced benefits for members including free internet for Elites across all hotels, globally.

IHG franchises, leases, manages or owns over 4,600 hotels and 678,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.

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