Third Holiday Inn Express under IHG and Pro Invest Partnership to be Developed in Adelaide

HG and Pro Invest Group enter franchise agreement for a 245-room Holiday Inn Express hotel in Adelaide's Central Business District (CBD)

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. April 28, 2015

ADELAIDE, AUSTRALIA. - April 28, 2015. The hotel is the third to be signed under the master development agreement between IHG and Pro Invest, which will see the investment company develop 15 Holiday Inn Express hotels across Australia by 2025. The first two hotels will open in Sydney's Macquarie Park, North Ryde in the first quarter of 2016, and Brisbane's Spring Hill in the third quarter of 2016.

The new build hotel will be situated on the city's thriving Hindley Street, in close proximity to North Terrace, the Adelaide Convention Centre and the upcoming Royal Adelaide Hospital. Leisure travellers can enjoy a short walk to the Adelaide Casino and local sporting hub Adelaide Oval, whilst the accessibility to major corporate offices within the CBD from the hotel will be a draw for business travellers.

Karin Sheppard, Chief Operating Officer, Australasia, Japan, Korea & Asia, Middle East and Africa (AMEA) Franchising, IHG said: "The development of the new Holiday Inn Express Adelaide is the latest in a series of milestones for IHG and our partners Pro Invest. The site is exactly the right location for the Holiday Inn Express guest and hits our strategy of bringing the brand to key Australian cities. We know the domestic market will respond extremely well to this fresh and exciting brand and having a Holiday Inn Express in the CBD will be key as the increase in air connectivity between Adelaide and other key Asian cities continues. The hotel will open in 2018 following the launch of the brand in Sydney due to take place early next year."

Ronald Barrott, Chief Executive Officer, Pro Invest Group said, "Together with IHG we are progressing very well in securing strategic, in-demand locations to develop Holiday Inn Express hotels. Adelaide in particular has seen some excellent occupancy in recent years and we are pleased to have secured this prime location in the city's CBD for the third hotel in our portfolio."

The hotel will also have two meeting rooms for small functions and events.

IHG currently has 24 hotels operating under three brands in Australia: InterContinental, Crowne Plaza and Holiday Inn, with a further four hotels in the development pipeline, including Holiday Inn Express Sydney Macquarie Park, which will mark the launch of the brand in the country when it opens in early 2016.

About IHG

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Hotel Indigo®, EVEN™ Hotels, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites®. In January 2015, IHG acquired Kimpton Hotels & Restaurants, the world's leading boutique hotel business. IHG franchises, leases, manages or owns over 4,800 hotels and more than 710,000 guest rooms in nearly 100 countries, with over 1,200 hotels in its development pipeline. Over 350,000 people work across IHG's hotels and corporate offices worldwide. In January 2015 we completed the acquisition of Kimpton Hotels & Restaurants, adding 62 hotels (11,300 rooms) to our system size and 16 hotels to our development pipeline. 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