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IHG’s Staybridge Flag to Debut in Panama

(March 2011) posted on Thu Mar 03, 2011 EST

Extended-stay hotel to open in late 2012 in Panama City


InterContinental Hotels Group (IHG) said it has signed a 15-year license agreement with Shakir Investment Group for a new-build, 13-story Staybridge Suites hotel in Panama City, Panama. The 122-key locale, slated to open in late 2012, will be the first Staybridge property in Central America and the second in Latin America. (already open is the 31-story, 215-guestroom Staybridge Suites in Saõ Paulo, Brazil.)

“This is the perfect time and location to build a Staybridge Suites hotel in Panama,” said Jim Anhut, chief development officer, the Americas, IHG. “As the Canal is being expanded, it is estimated that an influx of families of expatriated workers will need extended-stay housing in the city. A Staybridge Suites hotel, with all the amenities it provides long term guests, is a timely addition to this area.”

IHG currently operates more than 180 Staybridge Suites in the Americas, Europe and the Middle East.


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