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IHG Announces First Hotel In Belo Horizonte With Holiday Inn Brand Hotel. (Photo: Business Wire)

Stocks in this article: IHG

InterContinental Hotels Group ( IHG) (LON:IHG),(NYSE:IHG)(ADRs)), today announced the opening of the new Holiday Inn® Belo Horizonte Savassi hotel. Located in one of Brazil’s largest cities and also one of the host cities for the 2014 FIFA World Cup, this opening marks IHG’s debut into Belo Horizonte.

IHG Announces first hotel in Belo Horizonte with Holiday Inn brand hotel. (Photo: Business Wire)

IHG Announces first hotel in Belo Horizonte with Holiday Inn brand hotel. (Photo: Business Wire)

“Belo Horizonte is a renowned business metropolis and industrial sector boasting an active cultural calendar of festivals, shows and museums,” said Alvaro Diago, chief operating officer, Latin America and the Caribbean, IHG. “The opening of our first Holiday Inn hotel here aligns with the region’s development strategy including growth in key economic hubs across Latin America and the Caribbean.”

IHG has strong roots in Brazil, having opened its very first hotel in Belem, Brazil in 1946. With 13 IHG hotels in Brazil alone, IHG has more than 200 hotels in Latin America, the Caribbean and Mexico. The new 16-floor hotel, owned by Patrimar Engenharia S.A. and managed by IHG, is strategically located in the charming neighborhood of Savassi. Savassi is known for its open mall concept design, with several restaurants, bars and nightlife and home to museums and other attractions on the city’s cultural circuit. The hotel is also located in close proximity to all main thoroughfares. Designed by world renowned architect FarKasVölgyi Arquitetura, the 216-room hotel boasts the largest number of guestrooms in the city and four meeting rooms are able to hold up to 130 total people.

“The opening of the Holiday Inn Belo Horizonte hotel builds on our roots and long standing presence in Brazil, and continues IHG’s commitment to developing hotels that offer all travelers a comfortable and quality stay during their time in any city,” said Gerardo Murray, regional vice-president, distribution and commercial marketing, Mexico, Latin America & Caribbean, IHG. “Located in one of the host cities for the upcoming World Cup, the Holiday Inn hotel is equipped with modern and attractive amenities sure to enhance our guests’ stay.”

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