InterContinental Hotels Group has signed the Holiday Inn Express Asuncion Aviadores hotel, the first Holiday Inn Express hotel in Paraguay.

The new-build 120-room hotel will be centrally located in Paraguay’s capital city of Asuncion, and joins IHG’s Crowne Plaza Asuncion hotel, already open in Paraguay.

Jorge Apaez, chief operating officer, Mexico, Latin America and Caribbean, IHG said: “IHG is pleased to introduce the Holiday Inn Express brand to Paraguay with the signing of this new property in Asuncion.

“Paraguay is one of the fastest-growing economies in Latin America, making this the ideal time to grow the IHG portfolio in the country.”

Expected to be open by the end of 2018, the hotel will be in close proximity to the World Trade Centre Asuncion, Shopping del Sol and Paseo La Galeria.

The hotel will also be only 15 minutes from the Silvio Pettrossi International Airport.

The hotel will be located in the Aviadores area of Asuncion which is home to a number of international embassies and businesses and is emerging as the up-and-coming commercial and entertainment district of the capital city.

Asuncion is the largest and oldest city in the country and is home to Paraguay’s stock exchange, Bolsa de Valores y Productos de Asuncion, as well as several cultural and entertainment venues.

At the Holiday Inn Express in Asuncion, guests will be able to enjoy amenities including an outdoor swimming pool, 24-hour fitness centre, complimentary high-speed Internet access, meeting rooms and complimentary parking.

The Holiday Inn Express brand is the smart choice for value-conscious travellers seeking a hotel that will help them rest and go while staying productive.

The more than 2,400 Holiday Inn Express hotels worldwide provide a great night’s sleep and the uncomplicated yet personal service travellers expect from the brand all at a competitive price.