The agreement enables Interstar to develop hotels across two of IHG's brands Holiday Inn and Holiday Inn Express by 2019 in Germany.
The first hotel under the agreement to be signed is Holiday Inn Frankfurt – Airport, a 288-room new-build property anticipated to open in quarter four of 2016. The hotel features the brand's Open Lobby, where front desk, lobby, restaurant, bar and lounge area will combine to create a cohesive space and a warm atmosphere.
In 2014, IHG doubled the number of its signings in Germany in comparison to 2013, signing twelve contracts with new and existing owner partners. There are currently 62 IHG hotels open in Germany with a further 21 in the pipeline.
On January 1, 2015, InterContinental Hotels Group was the 2nd European hotel group in terms of number of rooms, with 90,160 units in 589 hotels (data from MKG Hospitality, hospitality consulting group founded by Georges Panayotis). (Read our report)
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