The world’s biggest hotel group InterContinental Group has released location details of 37 new hotels planned to open in Britain over the next two years. The operator behind the Holiday Inn and Crowne Plaza chains expects to create 3,000 jobs.
Confirmation of the £500m expansion, part of a global push to open more than 1,200 hotels worldwide, came as InterContinental Hotels Group (IHG) posted a five per cent rise in third-quarter sales, although profits slipped seven per cent to US$115m. IHG expects 160,000 jobs to be created by the expansion programme, 90,000 of them in China.
Ten of the projected 37 UK openings will be in the capital, including a five-star hotel in Westminster and two properties at the Olympic Village.
“We are the world’s biggest hotel group and investment in new hotels and the people that make them successful is vital to our growth,” said IHG Chief Executive Andy Cosslett.
A Hotel Indigo will open on Waterloo Street in the heart of Glasgow’s financial district before summer 2011, to be joined by an Edinburgh-based Indigo – on York Place – before the end of next year.
A further Edinburgh hotel, on Leith Walk, to operate under the Staybridge Suites name, is slated to open towards the end of 2012.
Other new UK IHG ventures will be based in Birmingham, Colchester, Manchester and Newcastle.