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Hotel giant signs 200-plus deals in region
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InterContinental Hotels Group (IHG) said it opened a record 439 hotels worldwide in 2009 and also signed deals to add 247 properties to its Americas region during that time. While the majority of the latter signings were in the U.S. (216 hotels), the company also said it is also strengthening its position in Canada (nine hotels), Mexico (13 hotels) and Central and South America (nine hotels).
"We signed new license agreements at a healthy pace across our portfolio in the Americas and globally despite the stagnant capital markets that make project financing difficult,” said Jim Anhut, chief development officer, the Americas, IHG. “We are focused on building the right hotel, in the right location with the right owner and our diversified brand portfolio is perfectly positioned to deliver this strategy.”
IHG is the world's largest hotel group by number of rooms. It owns, manages, leases or franchises, through various subsidiaries, over 4,400 hotels and more than 645,000 guest rooms in over 100 countries. Its brands are: InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels and Resorts, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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