InterContinental Hotels Group (IHG) announced that it has signed agreements to develop four new Holiday Inn Express properties in Brazil, as well as convert an existing independent hotel there into a full-service Holiday Inn. Those moves will increase IHG's presence in Brazil to 12 cities.
The new-build Holiday Inn Express hotels will be in Belem, Cuiaba, Maceio and Manaus, and all expected to open by end of 2011. The Holiday Inn Sao Luis, the converted independent hotel, will open later this year.
"Brazil's bustling business and tourism industries continue to provide excellent opportunities for IHG to further our mid-scale brand presence," said Alvaro Diago, area president, IHG Latin America.
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