IHG Unveils New Tower at Real InterContinental, Costa Rica

New Tower Includes Addition of 110 Guestrooms and a Luxurious 16,000 Sq. Ft. Spa in Addition to Reno

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. October 14, 2008

SEPTEMBER 22, 2008. IHG (LON:IHG, NYSE:IHG) announced the unveiling of the new Club InterContinental Tower at the Real InterContinental Hotel & Club Tower Costa Rica. The eight-story tower features 98 guestrooms, a 16,000-square-foot spa, an oversized club lounge, all accessed by a private lobby and reception area with private port-coch`ere.

With the Real InterContinental Hotel & Club Tower Costa Rica, IHG is bringing a new level of luxury and personal convenience to one of Central America's most popular destinations. Following a complete renovation and upgrading of the hotel's original building and the addition of the new Club InterContinental Tower, the Real InterContinental now has a total of 372 guestrooms, as well as five different restaurants and lounges, including Alfredo di Roma, Azulejos, Factory Steak & Lobster, Nau and Zambra. The hotel will also now have the largest urban spa in Central America, in addition to one of the largest executive club lounges and presidential suites in the region.

'We have had a great and long-standing relationship with the Poma Family and their team at Real Hotels & Resorts, everything they develop, they do so with precision and superior excellence. They have done a remarkable job with this property and we congratulate them for their outstanding work - we know this hotel will gain even more notoriety within the region,' said Alvaro Diago, Area President, IHG, Latin America.

Significant investments were made by Real Hotels & Resorts, owner and managing company of the property, to create the new Club InterContinental Tower and to complete the renovation of the original building. Today, the hotel is considered to be the most luxurious hotel in Costa Rica. 'We knew that for us to continue to stay ahead of competing hotels in the region, we would need to create something striking and unique,' says Ricardo Poma, President of Real Hotels & Resorts. 'We are extremely proud of how this property has turned out, particularly after the renovations and the addition of the spectacular new Club Tower.'

Although the tower will function independently from the original building, both buildings will share the luxurious spa, the newly renovated restaurants, and completely modernized pool and fitness center. As well, the new Club Tower will offer the exclusive Club InterContinental amenities, therefore offering even more upscale conveniences such as butler service, breakfast in the Club Lounge, and evening cocktails and canap'es. All Club guestrooms will include wi-fi technology. The original building and the Club Tower added 37-inch LCD televisions to all of the guestrooms.

'The owners of the Real InterContinental Hotel & Club Tower Costa Rica have really raised the bar with the addition of the new tower and with the complete transformation of the original hotel,' says Tom Murray, COO, IHG The Americas. 'We are very proud to have this hotel represent the InterContinental Hotels & Resorts brand - we are confident this hotel will be one of top hotels in all of Costa Rica.'

The hotel is ideally situated in the capital of Costa Rica, San Jose, and strategically located in the upscale and scenic neighborhood of Escaz'u, considered to be one of San Jose's most developed metropolitan areas. It is home to many restaurants, as well as a variety of other chic entertainment venues. In the past few years the region has experienced a significant influx of new foreign residents from North America, South America and Europe.

Along with its flagship Real InterContinental Hotel & Club Tower Costa Rica, IHG continues expanding its presence in Costa Rica with recent renovations of the Holiday Inn Aurola San Jose and the 213-room Crowne Plaza Corobici.