In India, IHG signed an agreement with an major local group that will lead to the rebranding 14 hotels and nearly 2,000 rooms to the Holiday Inn Express brand.
InterContinental Hotels Group (IHG) signed a partnership with the Indian SAMHI to rebrand around 2000 India hotel rooms with the Holiday Inn Express label. Some of these properties are already operational and others are under construction. The portfolio consists of a total of 14 hotels. The 10 existing hotels are located in strategic cities such as Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata and Mumbai. These will all close for renovations. According to Ashish Jakhanwala, MD & CEO, SAMHI, "We believe that the re-positioning and rebranding of more than 1,900 rooms to Holiday Inn Express will be the largest such exercise in India’s hospitality sector to date. This landmark collaboration will help us to further strengthen our hospitality portfolio in the country." This new agreement allows IHG to grow its Indian pipeline under Holiday Inn Express to 41 hotels, making IHG one of the biggest players on the Indian market on this segment. As of January 1, 2017, InterContinental Hotels Group was the leading group worldwide with close to 5,200 properties with a total of 750,000 rooms, according to data published by Hospitality ON.
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