IHG Adds Five Holiday Inns
LONDON, UK, Jluy 12, 2005. InterContinental Hotels Group announces the signing of a franchise agreement for five Holiday Inn hotels in the UK owned by Stardon, a joint venture company formed between Starwood Capital Europe and Chardon Hotels.
The hotels, managed by Chardon Management, will undergo significant refurbishment to meet Holiday Inn brand standards, and will be operated under a twenty year franchise agreement. Andrew Cosslett, Chief Executive Officer of InterContinental Hotels Group, commented, "The Holiday Inn UK portfolio now stands at 100 hotels and continues to out perform the market. We are delighted to be working with Starwood Capital Europe and Chardon who are both well respected in the hospitality industry."
Maurice Taylor, Director, Stardon and Chief Executive, Chardon Management, commented, "We are delighted to be growing the number of properties we operate with IHG. Our commitment to Holiday Inn extends back over 12 years and during this time we have been successfully involved in all areas of the brand as an experienced hotel operator and franchisee. Having considered all options currently available, with a global brand and highly developed support system, IHG offer the best franchise option for these hotels."
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 
