InterContinental Hotels Group Sets Company Record for New Franchise Growth

InterContinental Hotels Group, the world’s largest and most global hotel company, announces its Americas franchise sales group executed a record breaking number of
franchise contracts and re-licensing agreements in the second quarter of
2004 building on the fast start of the first quarter. At midyear, IHG has
signed 255 agreements for new growth and license renewals. This success is
further evidence of IHG’s powerful brands and best-in-class franchise
practices. This record setting quarter marked a new high in the number of franchise
sales agreements completed and license renewals. There were 81 new
agreements for IHG branded franchises within the U.S., Canada and Mexico.
Of these new developments, seven will be Crowne Plaza, six will be
Candlewood Suites and 68 will be Holiday Inn, Holiday Inn Express or
Staybridge Suites brand hotels. Plus, 61 license renewals were finalized
during this time period.

“Americas Franchise Sales team’s record quarter and mid year results can
be attributed to IHG’s continued momentum and historical strength as a
franchisor,” said Kirk Kinsell, SVP, Americas Franchise and Business
Development. “The IHG family of brands are attractive to franchisees
because they are established, brand-name properties to suit every guest’s
service, amenity and lodging need. And, each brand is supported by the
company’s Enterprise Values, a multi-brand marketing platform comprised of
—technology, global reservations centers, global sales, performance
support and Priority Club Rewards(R). Our success supports our efforts to
drive revenues by extending its network of hotels and growing its revenue
stream through franchise and management fees.”
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