IHG Signs Five Hotel Management Deals with HNA Group
MAY 13, 2010 - InterContinental Hotels Group (IHG), the world's largest hotel group by number of rooms, today signed a management contract of five hotels with its new strategic partner HNA Hotels & Resorts Group (HNA Hotels).
The five hotels, under three of IHG's brands, will span from South to North China and add more than 1,300 rooms to IHG's pipeline.
"We are very excited about this newly formed partnership with HNA Hotels," said Keith Barr, managing director, IHG Greater China. "The combination of our brands, international expertise and systems with their local business insight will create hotels that guests will love."
HNA Hotels is a subsidiary of China's emerging travel company - HNA Group, an integrated operator in the modern service industry, with business in eight industry sectors, such as air transportation, logistics, tourism, finance and property development. HNA Hotels currently owns and operates nearly 50 hotels in China.
"IHG's global hotel management expertise and well built networks in China has given us sufficient confidence in our co-operation," said Zhang Yi, Chairman of HNA Hotels. "The hotel brands that IHG owns will meet the needs of different groups of consumers and ensure the success of our hotels."
The five signed hotels are:
- InterContinental Haikou: 200 rooms, open in 1st quarter, 2014
- InterContinental Changchun: 300 rooms, open in 4th quarter, 2015
- Crowne Plaza Changchun Noble: 290 rooms, open in 4th quarter, 2012
- Crowne Plaza Kunming West: 300 rooms, open in 1st quarter, 2014
- Holiday Inn Beijing Sifang: 217 rooms, open in 1st quarter, 2012
Having been established in the China market since 1984, IHG has become a trusted partner for local owners through its successful operations and strategic expansion. Growing its footprint in Chinese cities, IHG currently has 125 hotels open under four brands - InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts and Holiday Inn Express Hotels - with more than 100 hotels under development.
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 
