IHG to build two hotels in Wuhan City
Daily news, 17 Sep 2008: Wuhan- InterContinental Hotels Group, the world's largest hotel group by number of rooms, has signed an agreement to manage two new hotels in this gateway city of Central China.
The two hotels---InterContinental Wuhan and Holiday Inn Wuhan New City, which will have a total of 1,300 rooms, are expected to open in 2012. It will be located at the Wuhan New City International Expo Centre.
"The vast central and western areas of China represent huge potential for the hotel industry and IHG is taking the lead by establishing a presence in these up-and-coming regions. Wuhan is a growing base for the automotive industry, and this, combined with its rising status as a regional business centre will drive demand for the meeting, incentive, conference and exhibition market and provide a solid revenue stream for both new hotels,” said Edmond Ip, chief operating officer, IHG Greater China.
IHG already operates 97 hotels open in Greater China and plans to manage 100 more.