Yunnan Metropolitan Building Crowne Plaza Sun Palace Beijing
IHG's Fourth Crowne Plaza Hotel in Beijing
SINGAPORE, January 31, 2007. InterContinental Hotels Group (IHG) [LON: IHG; NYSE: IHG (ADRs)] announced today the signing of the Crowne Plaza Sun Palace Beijing, scheduled to open in early 2008. This announcement highlights the pace of IHG's growth in Greater China, where it now has a total portfolio of 125 hotels - 65 in operation and an additional 60 in the development pipeline.
A. Patrick Imbardelli, chief executive of IHG Asia Pacific, said: "China is set to become the world's number one tourism market in the next 10-15 years. With 65 hotels in operation and a plan to have 125 hotels open by the end of 2008, we already have a good profitable business model. We continue to explore new opportunities to maintain our lead position so that we are able to capture the growing inbound and outbound demand in the years to come."
Crowne Plaza Sun Palace Beijing is being developed by Yunnan Metropolitan Construction Investment Co Ltd and will be managed by IHG. The 540-room new-build hotel will be located in the city centre, close to the Beijing International Exhibition Centre. The hotel, IHG's fourth Crowne Plaza hotel in Beijing, will have seven restaurants and bars and over 3,400 square metres of meeting space.
Other highlights in IHG's China pipeline include the InterContinental Qingdao located within the Olympic integrated complex; InterContinental Beijing North, Beijing Olympic Centre's first luxury hotel and Crowne Plaza International Airport Beijing, IHG's first airport hotel in China.
Crowne Plaza Hotels & Resorts is an upscale hotel brand aimed at the business and meetings market. The hotels provide business travellers and meeting planners with comprehensive services and facilities that contribute to successful interactions. Two Crowne Plaza in China, the Crowne Plaza Shenzhen and Crowne Plaza Jinan, were named in Forbes Magazine's China's Best Business Hotels Award.
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 
