IHG (InterContinental Hotels Group) announced that international investment company, Pro Invest Group, has established a $150 million fund to develop a portfolio of 15 Holiday Inn Express hotels across Australia.
IHG (InterContinental Hotels Group) announced that international investment company, Pro Invest Group, has established a $150 million fund to develop a portfolio of 15 Holiday Inn Express hotels across Australia. Pro Invest has created a property development and hotel operating company to build and operate an initial 15 Holiday Inn Express hotels, totalling approximately 2,150 rooms, in central business, suburban and airport locations in Sydney, Melbourne, Perth and Brisbane.
IHG will enter into franchise agreements for each of the hotels under a multiple development agreement signed between the two companies. The first hotel will open at Macquarie Park in North Ryde, Sydney in the autumn of 2014.
IHG (InterContinental Hotels Group) announced that international investment company, Pro Invest Group, has established a $150 million fund to develop a portfolio of 15 Holiday Inn Express hotels across Australia. Pro Invest has created a property development and hotel operating company to build and operate an initial 15 Holiday Inn Express hotels, totalling approximately 2,150 rooms, in central business, suburban and airport locations in Sydney, Melbourne, Perth and Brisbane.
IHG will enter into franchise agreements for each of the hotels under a multiple development agreement signed between the two companies. The first hotel will open at Macquarie Park in North Ryde, Sydney in the autumn of 2014.