93-key Staybridge Suites London Vauxhall to Open in the UK in Early 2015

Owned by Spring Mews

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. November 07, 2013

November 7, 2013 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies, is gaining an increased foothold in the UK's extended stay hotel market with the signing of its second property in the capital - Staybridge Suites London Vauxhall. The hotel is due to open early in 2015.

Operating under a franchise agreement with new owner Spring Mews Ltd; a subsidiary of CLS Holdings Plc, the 93 suite new build hotel will be managed by Cycas Hospitality, extended stay hotel specialists, who also manage Staybridge Suites London Stratford City and Staybridge Suites Liverpool.

Part of the Spring Mews development project, the hotel will be situated on Albert Embankment, one of London's key regeneration areas. The hotel has excellent transport links with major rail stations: Vauxhall Station, Waterloo Station and Victoria Station are all located within a two mile radius.

In a city dominated by short-stay hotels, Staybridge Suites aims to provide guests with a home away from home. The spacious apartment-style suites feature fully equipped kitchens, LED TV's, large work areas and free Wi-Fi. Guests have use of the fitness room, business centre, laundry room (an industry first) and The Pantry, the brand's own convenience store that is open around the clock. Staybridge Suites Hotels also offer a complimentary full breakfast buffet and a social evening reception three days a week.

Robert Shepherd, IHG Chief Development Officer, Europe said: "We're seeing increasing demand for extended stay properties in a market driven by corporate business. Staybridge Suites is a distinctive part of our growth story in Europe and we're delighted to be working with our new owner partner Spring Mews on this project."

Sten Mortstedt, Executive Chairman of CLS Holdings plc commented: "IHG is one of the top hotel companies in the world and its Staybridge Suites brand perfectly meets our aspirations for a hotel in this area. We very much look forward to working together with IHG."

"Extended stay hotels are beginning to make their mark in the UK and the Staybridge Suites concept from IHG is proving very popular," reports John Wagner, Director of Cycas Hospitality. The homely Staybridge Suites experience appeals to both public sector and corporate business travellers working on projects and longer-term assignments."

Staybridge Suites London Vauxhall will be the fourth Staybridge Suites property in the UK alongside Liverpool, Newcastle and London Stratford which opened in 2008, 2009 and 2012 respectively. Staybridge Suites Birmingham opens later this year. www.ihg.com

About IHG (InterContinental Hotels Group)

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

IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty programme with over 76 million members worldwide. The programme 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 679,000 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.