IHG® delivers more growth in Russia and the CIS with the signing of three hotels

InterContinental Hotels Group (IHG), one of the biggest world hotel companies, will make bigger profit in Russia and CIS with signing of three more hotels in region: Holiday Inn Express Naberezhye Chelny-, Holiday Inn Express Samara and Staybridge Suites Baku. Holiday Inn Express Naberezhnyew Chelny will be third hotel as a part of multy development of franchise contract signed in March 2013 with regional hotel chain (RHC), part of portfolio of company Viy Management (VIYM), for development of 15 new hotels in Russia till 2019.Newly built object with 145 rooms should be opened in second quarter of 2015, and it is not only first IHG hotel built in Naberezhnye Chelny, but also first international hotel brand in local area.

Also, new building of 115 rooms Staybridge Suites Hotel will be the first brand hotel in Baku, Azerbaijan. According to contract on franchise with Asnaf Alkon Group, Staybridge Suites Baku will be situated in the area where it is obvious that there is big demand for prolonged stay due to development of energy from neighbour countries.

Holiday Inn Express Samara will work under franchise contract with Rosa Mira Group, first time with the owner of IHG. Hotel with 145 rooms will be built after conversion from office , and it should be opened at the end of 2015.Hotel will have central place in town Samara which will be host town for World football championship FIFA 2018.

IHG firmly holds the side of increase and CIS with the plans to have 100 hotels opened till 2020.This spread will be first of all led by IHG Holiday Inn and Holiday Inn Express marks in basic and middle towns in whole region.

Robert Shepherd, main director for development of IHG for Europe said:”These three investments show IHG’s ambition to grow in whole Russia and CIS. We still see huge area for development here,specially in parts of middle and upper middle class. Holiday Inn Express brand gets big growth in whole Europe, and despite the fact that it is new hotel brand in Russia, we are thrilled that it is accepted positively in this region. Effective concept of brand cut down the expenses of construction and expenses of doing business, and supports strong return of investments.”

VIYM’s co-founder and Management president of RHC, Andrey Yakunin noticed: “By development of improved hotel infrastructure in Russia together with introducing of international hotel brands and catering standards we help to unlock potential in Russia. We are very happy that we will work with our long term and reliable partner IHG on converting of these potential in successful tourist projects in that region.”

Holiday Inn Express brand is successful because it has attractive guests who want the value for money in highly quality international hotels where they are offered the great overnight and free breakfast. Holiday Inn Express hotels offer to their guests all that is necessary.

Started in 1991 Holiday Inn Express is one of the biggest and fastest grown brands in hotel industry. With the more than 2200 hotels worldwide, brand is one of the fastest growing motors of IHG. On average per week two Holiday Inn Express hotels are opened, and here are also 473 hotels which will be opened during next three to five years.

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