IHG adds five Holiday Inn, Holiday Inn Express hotels to German pipeline

InterContinental Hotels Group is set to add five new Holiday Inn and Holiday Express hotels to its Germany portfolio. 

The company recently announced a record for new signings at its half-year results. Having signed 4,000 rooms (24 hotels) within the first half of the year, this is reportedly the company’s best signings performance since 2008.

According to the Tourism Economics Database as of July, Germany is one of the top 10 regions for inbound travel in 2016, and domestic travelers are increasingly choosing to stay at midscale brands. “The German hotel market is accelerating at pace and we are well positioned to take advantage of the appetite for branded growth," Robert Shepherd, CDO Europe for IHG, said in a statement. "Fifty-seven percent of the market is unbranded, so there is a lot of opportunity for IHG to add value with our international brands. Several of our signings in the last few months have been with long-standing partners of IHG, who have signed multiple development agreements with the company.” 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The new developments will be in three federal states across the country. To expand its presence in the region, IHG has been working with Multiple Development Agreement partners to find locations with strong guest demand.

Baden-Wuerttemberg 

As part of the MDA signed with long-standing partner TriStar, who will be the owner and franchisee of the hotel, Holiday Inn Express Pforzheim will be a new-build hotel.The 140-room hotel, set to open in late 2019, will be in an economic and cultural hub and ideal location, being situated between Karlsruhe and Stuttgart

Baden-Wuerttemberg will also get two other Holiday Inn hotels within Mannheim. Holiday Inn Mannheim City – Hauptbahnhof is  located outside Mannheim train station and within walking distance of the city center, financial district and University of Mannheim. 

It will open in 2018 and has been signed in conjunction with MDA partner Primestar. 

Holiday Inn Express Mannheim will be located within Mannheim City Centre. Owned and franchised by MDA partner Foremost Hospitality, the new-build hotel will have 160 rooms.

Bavaria 

Holiday Inn Express Regensburg (pictured above) will be constructed with Hubert Haupt Immobilienmanagement GmbH. The hotel will be franchised by Success Hotel Management GmbH, a MDA partner who already licenses four other Holiday Inn Express hotels. 

Holiday Inn Express Regensburg will be part of a new development retail and office site. It will have 182 rooms. Regensburg is a UNESCO world heritage site with a popular Christmas market and with several global brands including BMW, Amazon and Toshiba recently setting up bases in the city, it has confirmed itself as a business center. The hotel will open in late-2017

North Rhine-Westphalia 

Franchised by TriStar, Holiday Inn Express Oberhausen will feature next-generation design and is set to open early 2018. Oberhausen annually hosts the International Short Film Festival, and is also a hub for the steel industry. The hotel will have 140 rooms. 

IHG has 64 hotels in Germany and 33 in the pipeline, including 53 Holiday Inn brand family hotels open with 32 in the pipeline.

Suggested Articles

After six months as EVP/chief accounting officer, Peery will replace Rachael Rothman as the REIT's EVP/CFO.

Should all of 2020's scheduled hotels come online as planned, China will open the most new rooms next year since the cyclical peak in 2014.

The luxury goods company is set to acquire Tiffany & Co. in a deal worth $16.2 billion.