InterContinental Inks Deal for Four Management Contracts in China
SHANGHAI, China, March 06, 2006. InterContinental Hotels has signed four new management contracts with Shanghai Greenland Group, a major real estate and property management company in China.
The deals include an InterContinental hotel in Nanjing, which is said to be the world's tallest hotel; a Holiday Inn property in Xi'an; and two Express by Holiday Inn hotels in Shanghai. The hotels have a combined total of more than 1,400 rooms.
Andrew Cosslett, chief executive of InterContinental Hotels Group, noted that the latest signing with Greenland Group follows a six-hotel agreement in Sichuan with the Chengdu International Exhibition & Convention Group.
The new contracts are for the following hotels: the InterContinental Nanjing, a 450-room luxury hotel scheduled to open in 2010; the 380-room Holiday Inn Greenland Xi'an opening in 2007; the 230-room Express by Holiday Inn Putuo Shanghai, to open in late 2006; and the 350-room Express by Holiday Inn Minghang Shanghai, opening in early 2007.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
