InterContinental Hotels Group has unveiled the Hotel Indigo Lower East Side New York as its 5,000th hotel globally. The opening of this property takes IHG’s global system size to 5,000 hotels, in around 100 countries.
The hotel is a joint venture between IHG and Brack Capital Real Estate (BCRE) and is IHG’s third for the Hotel Indigo brand in New York City. It is located in one of Manhattan’s most attractive neighbourhoods and reinforces IHG’s leadership position in the boutique segment, the fastest growing in the hotel industry.
Richard Solomons, CEO, IHG, commented, “Reaching 5,000 open hotels with the addition of the Hotel Indigo Lower East Side New York is a milestone for IHG. It is testament to our well-established, long-term strategy for growth and the strength of our brands, which focuses on distinct segments to cater to a broad range of guest needs and occasions. Over time we have built a leading portfolio of hotel brands. Alongside our network of owner relationships and powerful digital platforms, these remain the key drivers behind our consistently strong performance. The recent openings that make up our ‘5,000 Club’ also demonstrate the momentum behind our brand portfolio and our ability to increase our presence in the world’s most important growth markets.”
In December 2003, the number of IHG properties globally totalled just over 3,500. Since then, a net 1,500 hotels have been added to the portfolio.
Commenting on the occasion, Shantha De Silva, head of South West Asia, IHG, said, “At IHG, it is a proud moment to be celebrating this achievement. Our growth in recent years has been remarkable and it is attributed to our focus on strengthening our portfolio across key markets. India is one of our key growth markets for IHG, globally and it holds our third largest pipeline, behind only the US and China. We currently have 25 hotels in 14 cities open across our four brands: InterContinental, Crowne Plaza, Holiday Inn, and Holiday Inn Express in India, with a further 51 hotels in our development plan. In line with our robust expansion plans, our aim is to have 150 hotels open or in the pipeline in the next 10-15 years, in India and we are well on our way to reach that target.”
2015 has been a noteworthy year for IHG in India and has marked 50 years of company’s journey in the country.