Are you sure?

InterContinental continues aggressive growth with new hotel in Moscow

Today’s Moscow announcement follows January 10th opening of InterContinental Los Angeles.

InterContinental Hotels Group (IHG) announced today the signing of the InterContinental Moscow, scheduled to open in 2010. The announcement of the InterContinental Moscow immediately follows the January 10th opening of the InterContinental Los Angeles Century City, California, and the simultaneous November launch of two of the brand’s flagship hotels – InterContinental London Park Lane and the InterContinental Boston.

The InterContinental Moscow is being developed by Rossiyskiy Kredit Bank and will be managed by IHG. The 205-room new-build hotel is located on the site of the former Minsk Hotel at 22 Tverskaya, close to the Kremlin, City Hall and Pushkin Square. “The signing of the InterContinental Moscow to our global portfolio reinforces the brand’s pioneering heritage and renowned international reputation,” said Jenifer Zeigler, Senior Vice President, Global Brand Management for the InterContinental Brand. “Russia is a key market for the brand and we are delighted to be working with Rossiyskiy Kredit Bank on this exciting project.”

The InterContinental Brand has experienced very positive growth over the last two years and in 2006, opened a total of ten hotels in seven countries, including four resorts. Resort locations included Taba Heights, Egypt; Panama; Murcia, Spain and the $70 million eco-friendly InterContinental Bora Bora Resort & Thalasso Spa in French Polynesia. The United States saw the largest growth of any country during 2006 with the opening of four new hotels including the new-build flagship InterContinental Boston.

The brand will continue its global expansion throughout 2007 including four new openings planned in China -- Chengdu, Qingdao, Shenzhen and Jiuzhaigou; the opening of the InterContinental Dubai Festival City and the launch of the ANA InterContinental Tokyo. Parent company to the InterContinental Brand, IHG is currently established as the largest international hotel operator in the Russian Federation with four Holiday Inn hotels in Moscow for a total of 1,290 rooms. The company will further grow its distribution in St Petersburg with the openings of the Crowne Plaza St Petersburg in 2009 and the Holiday Inn Ligovsky Prospekt and Holiday Inn Moskovsky, both due to open in 2008. Additionally, the Holiday Inn brand will debut in the city of Samara in 2007 and the Crowne Plaza brand will also debut in Russia in 2007.