HG Latin America Renews Eight Franchise Agreements with Talbot S.A.

Contracts include eight IHG properties owned by Talbot S.A.

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. May 14, 2009

MAY 14, 2009 - IHG (InterContinental Hotels Group), (LSE:IHG) (NYSE:IHG) (ADRs) the world's largest hotel group by number of rooms, recently announced that it has extended eight franchise agreements through December 2015, with longtime franchisee Talbot S.A., a Chilean-based hotel operator.

The contracts include eight IHG properties that are all owned by Talbot S.A., under a license agreement with a company in the InterContinental Hotels Group. The properties from both the Holiday Inn and Holiday Inn Express brands, include one hotel located in Argentina and seven in Chile, which are:

• The 14-floor Holiday Inn Express Puerto Madero located in Buenos Aires, Argentina, just 2 blocks from the Puerto Madero shopping and commercial area;

• The 114-guestroom Holiday Inn Santiago-Airport at the Aeropuerto Internacional de Santiago, which opened in 2007;

• The 82-guestroom Holiday Inn Express Iquique, located adjacent to Playa Brava Beach;

• The award winning, 120-guestroom Holiday Inn Express Concepci'on;

• The 12-story, sea-front Holiday Inn Express Antofagasta;

• The 105-guestroom Holiday Inn Express Puerto Montt, which enjoys beautiful ocean views and which is located in downtown Puerto Montt;

• The newly awarded Holiday Inn Express Santiago, located in the heart of Santiago's "El Golf Area";

• The 62-guestroom Holiday Inn Express Hotel Temuco located less than two hours from the lake zone of Southern Chile;

'This is another great milestone for our international hotel company,' said Alvaro Diago, area president, Latin America, IHG. 'We have always valued our relationship with Talbot, and we look forward to continue expanding our partnership and opening more hotels with them in the years to come.'

"We are delighted to renew our contract for another 6 years, as IHG is one of the world's most global hotel companies and all their brands resonate excellence, quality and solid service standards,' said Eduardo Ariztia, managing director, Talbot S.A., Chile. 'We have been extremely pleased over the years with the performance of all our IHG brand hotels, and we look forward to continue growing our business on that foundation with IHG.'