Interconti signs on six China hotels

15th Feb 2006

InterContinental Hotels Group has signed contracts with a
single owner to manage six new hotels (more than 4,500 rooms) in Chengdu and
Jiuzhaigou in China’s Sichuan province. This landmark signing in Sichuan, China’s second most populous province with over 90
million residents, marks a significant addition to IHG’s already strong portfolio of
ca. 50 hotels in Greater China and supports the Group’s target of adding 50,000 -
60,000 net rooms by the end of 2008, including reaching a total of 125 hotels in
China. With a presence in China since 1984 and already the largest international
hotel operator there, IHG is well placed to grow in this dynamic market.

The six hotels - two InterContinental properties, three Holiday Inn properties and
one Express by Holiday Inn - comprise a total of more than 4,500 rooms. The owner of
the properties is Chengdu International Exhibition & Convention Group.

Andrew Cosslett, Chief Executive, IHG, who was in Chengdu for the signing, said:

“Developing hotels in China lies at the heart of our growth strategy for IHG. Our
brands have a strong foothold in the region and Holiday Inn was one of the first
international hotel brands to establish a presence there in 1984. This deal marks a
major milestone as we move towards meeting our aggressive growth plans and we remain
fully committed to maintaining our position as the leading hotel company in China.”


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