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New hotels for Spanish holidays

InterContinental Hotels Group (IHG) has announced that it has signed a new 20-hotel franchise agreement with UK investment group Zinnia Hotels Properties Holdings that will see new hotels built for Spanish holidays.

The company, owner of the Express by Holiday brand, plans to sign the properties over the next five years, with an estimated total investment of 180 million euros from Zinnia. Due to open in late 2009, the first of the hotels will feature a range of amenities, such as power showers and workstations.

Under the terms of the deal, the number of IHG Express by Holiday Inn branded hotels in Spain will double and the company is aiming to make its brands first choice for guests and hotel owners.

IHG has 15 Express by Holiday Inn hotels in Spain, including a new property at Madrid Airport that was unveiled in September 2007 and the agreement with Zinnia will provide travellers to cities such as Algeciras, Barcelona, Bilbao, Logrono, Madrid, Oviedo, Seville and Vigo with accommodation.

Kirk Kinsell, IHG president, said: "Express by Holiday Inn has proved a very strong performing brand since its 1991 launch, becoming the fastest growing hotel chain in history, and the relaunch will allow owners to generate an enhanced return on their investment."

Plans for a new Murcia International Airport in Corvera have now been delivered to the regional government and are expected to reach the Spanish development ministry this December, with construction scheduled to begin in early 2008, according to Typically Spanish.


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