Number of Holiday Inn's in Germany to increase by 35%
Thursday, 22nd January 2009: IHG has signed a franchise agreement with Foremost Hospitality GmbH to introduce 20 new Holiday Inn and Holiday Inn Express properties across the country's key cities by 2016.
Speaking about the signing Karl-Heinz Pawlizki, IHG´s director of operations, Germany, said: "As IHG´s sixth biggest market globally by number of rooms and seventh by hotels, Germany remains a priority market for us and Foremost Hospitality an important strategic partner.
"With 55 hotels currently operating under the Holiday Inn brand family in Germany* of which nine** are already open with the new Holiday Inn brand flags, this new agreement demonstrates our owner community´s support of the worldwide relaunch of the Holiday Inn brand family. Furthermore, we believe this agreement will ensure we are ideally placed to continue our growth within one of Europe´s best performing markets."
Of the 20 properties within the agreement, seven hotel contracts are already signed and development underway. These include the November signing of two additional hotel contracts; the 328-room Holiday Inn Berlin City Centre - Potsdamer Platz, expected to open March 2011, and the 150-room Holiday Inn Express Berlin City Centre - Alexander Platz, scheduled to open March 2010.