This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IHG Continues To Expand In Germany: Group Signs New Franchise Agreement

LONDON, December 13, 2012 /PRNewswire/ --

- Contract for five hotels with Arcadia Hotelbetriebs GmbH Stuttgart

InterContinental Hotels Group (IHG), one of the world's largest hotel companies, has signed a franchise agreement with Arcadia Hotelbetriebs GmbH Stuttgart to develop five hotels in Germany and Austria, continuing the growth of its Holiday Inn Express brand. The new agreement with Arcadia is IHG's fifth multi-development agreement with a partner in Germany.

IHG's Associate Vice President Development Germany, Martin Bowen, said: "The Holiday Inn brand family is an important growth driver for us in Germany. With Arcadia as one of our new strategic partners we are even better placed to drive our growth in one of our key markets. Our steady growth shows that we offer hotel developers strong brands and a recipe for success."

The first hotel to open as part of the new agreement with Arcadia will be the Holiday Inn Express in Osnabrück. The new build hotel is in a central location at the corner of Niedersachsenstrasse and Pottgraben near the main railroad station. The hotel is scheduled to open in the first half of 2014 and features 152 rooms and two conference rooms.

Arcadia already has franchise agreements in place with IHG for the Holiday Inn München Süd, the Holiday Inn Express Gütersloh, and the Holiday Inn Salzburg.

Gerhard Finster, proprietor and general manager of Arcadia Hotelbetriebs GmbH Stuttgart, said: "We are delighted about the longstanding cooperation with one of the world's leading hotel groups. This new agreement strengthens our position and paves the way for further expansion."

IHG has 69* hotels in Germany, of which 56 belong to the Holiday Inn brand family. The company has 14* hotels in the pipeline in Germany.

Notes to Editors:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.22 0.24%
FB $102.57 3.00%
GOOG $692.27 2.10%
TSLA $147.43 -0.55%
YHOO $27.50 2.50%


Chart of I:DJI
DOW 16,030.75 +16.37 0.10%
S&P 500 1,869.89 +17.68 0.95%
NASDAQ 4,340.7820 +72.0190 1.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs