IHG signs two new London hotels
InterContinental Hotels Group (IHG) has signed two more hotels in London, with the Hotel Indigo London - Barbican, and the Holiday Inn - Watford Junction.
The company said that the deals meant that in the last nine months, IHG had signed all six of its current European brands into its Greater London pipeline.
The 92- room Holiday Inn Watford Junction is due to open this summer and will operate under a franchise agreement with Nine Hospitality Ltd.
Meanwhile the 101-room Hotel Indigo - London Barbican, run as part of a partnership with Sanguine Hospitality, will open in 2016. Sanguine currenty has six IHG hotels open in the UK and two under construction. The Hotel Indigo - London Barbican is well expected to appeal to business travellers as well as leisure guests drawn to the local cultural and arts attractions.
Angela Brav, CEO Europe, IHG said: "IHG already has a significant presence in Europe. Signing all six of our current European brands in Greater London is just fantastic and demonstrates the continued momentum in the market. We see plenty of room to grow here and these signings demonstrate the ability of our brands to penetrate markets across Europe both old and new. IHG's relationship with our owners is absolutely key in maintaining long-term sustainable development and I'm thrilled to see us all growing together."
Vivek Chadha, owner of Nine Hospitality, said: "The signing of Holiday Inn Watford Junction kicks off what is destined to be a fantastic relationship with IHG. We are looking forward to opening our hotel doors to what is set to be a busy yet inviting Open Lobby for our guests in Watford Junction in just a few months."
Simon Matthews-Williams, chairman of Sanguine, said: "Sanguine Hospitality Ltd is delighted to have signed a franchise for the proposed Hotel Indigo Barbican. This is our first flurry into London and demonstrates our confidence in the brand and complements our other Hotel Indigo projects in Liverpool, Birmingham, Newcastle and Manchester. The brand is innovative and being relatively new, has substantial growth potential."
