InterContinental Hotels signs to take avid brand into Germany with GS Star

InterContinental Hotels signs to take avid brand into Germany with GS Star

InterContinental Hotels Group has signed a deal with existing partner GS Star to bring 15 avid hotels to the German market.

This marks a significant milestone launching avid hotels, IHG’s newest mainstream brand, in Europe for the first time.

Germany is a priority market for IHG with 122 hotels already open or in the development pipeline.

Strong growth momentum of 50 new signings since 2015 has been driven by IHG’s 11 active multiple development agreement partners, which has expanded IHG’s mainstream presence in Germany particularly with the Holiday Inn and Holiday Express brands.

IHG has also been creating wider growth opportunities in the boutique, upscale and luxury markets with the first hotel for Kimpton Hotels & Restaurants in Germany signed in 2018 and a doubling of the Hotel Indigo footprint with three new openings by 2020.

ADVERTISEMENT

IHG is now seeking to build further on this hotel growth momentum in Germany with the ambition for avid hotels to become one of their biggest brands in Germany.

The deal signed today at Expo Real in Munich between IHG and GS Star is the first important step in realising this ambition.

Under the structure of the multiple development agreement, hotels will be signed within three years and opened within five.

The first new-build avid hotel is planned to open by 2020.

GS Star has been selected as a proven multiple development agreement partner with existing experience of developing IHG’s mainstream hotels in German priority target cities.

Announcing the deal at a signing ceremony at Expo Real in Munich, Kenneth Macpherson, chief executive, Europe, Middle East, Asia and Africa for IHG, said: “avid hotels has seen strong signings in the US, Canada and Mexico making it IHG’s most successful new brand launch since Holiday Inn Express back in 1990.

“We are now excited to bring avid hotels to Germany where our proactive development approach has delivered exceptional growth in recent years.

“GS Star is the ideal launch partner, with a strong track record in mainstream growth opportunities they are well placed to introduce this new, exciting brand to our guests in Germany.”