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Article Excerpt
New Hotels Represent the First Two of Seven Planned Properties with Hotel Division of AGRISAL, S.A.
MIAMI -- Furthering its reach into Central America, IHG (InterContinental Hotels Group), (LSE:IHG) (NYSE:IHG) (ADRs), the world's largest hotel group by number of rooms, announced plans to develop two new Holiday Inn hotels in Central America, the first two of seven agreed-upon properties that will be built in the region through a development agreement with the Hotel Division of San Salvador-based Grupo AGRISAL.
The first two properties to be developed include a six-story full-service Holiday Inn in San Jose, Costa Rica and a 13-story Holiday Inn Express in San Salvador, El Salvador. These will be IHG's second and third properties with Grupo AGRISAL's Hotel Division, which also owns the Holiday Inn San Salvador.
"We are proud to be broadening our presence in Central America, especially with Grupo AGRISAL, in which we have a solid relationship that began in 2006," says Alvaro Diago, Area President, IHG Latin America. "We are excited to announce these...
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