Category Archives: InterContinental Hotels Group

IHG Chief Executive Andrew Cosslett Resigns

The chief executive of InterContinental Hotels Group resigned this morning effective 30 June, to be succeeded by the CFO.

Andy Cosslett, who joined IHG in February 2005 from Cadbury Schweppes, said it’s the right time to step down in terms of the position of the company, because it has “closed a chapter” after the Holiday Inn relaunch. His successor, Richard Solomons, 49, will leave his role as CFO and director of commercial development to become CEO on 1 July. He has been with the company since 1992.

Cosslett, 55, said he has been considering his situation for quite a while: “I’m into my seventh year, but it does feel like the right time to hand over the reins. … The business is in great shape, and that really helps my exit.”

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China predicted to overtake U.S. as the world's largest hotel market

InterContinental Hotels Group PLC Tuesday said it plans to more than double the size of its operations in the key emerging markets of China, India and the Middle East in the next few years as it takes advantage of growing traveller numbers and global economic trends.

InterContinental, the world’s largest hotel operator by number of rooms, also said it believes China will overtake the U.S. as the world’s largest hotel market by 2025 and will become twice the size of the current U.S. market by 2039.

The company, which runs more than 4,500 hotels worldwide and counts Holiday Inn, Intercontinental and Crowne Plaza among its brands, aims to open 38 new hotels across the Middle East in the next four to five years, to total 190 by 2020, up from 76 currently. In addition, it will open 150 hotels in India by 2020, up from 12 at present.

Venetian and Palazzo are now part of IHG's Priority Club network

Las Vegas Sands Corp. announced a 10-year licensing agreement with IHG, operators of the InterContinental Hotels chain, to list The Venetian and Palazzo within the brand’s portfolio.

The deal allows the Strip properties to maintain their separate identities, but they become part of the company’s Priority Club network, which has a database of 52 million members, according to IHG.

Venetian and Palazzo guests will be able to earn points and redeem them for stays at any of IHG’s 4,500 hotels worldwide. Also, IHG’s Priority Club Rewards and Ambassador members will be able to use their points for stays at both resorts.

Las Vegas Sands President Michael Leven said the agreement opens The Venetian and Palazzo, which have a combined 7,000 rooms, to a potentially new customer group. IHG has 180 million annual guests worldwide.

The lodging company will market the Venetian and Palazzo on the company’s various Websites.

InterCon opens in Times Square

InterContinental Hotels Group today began checking guests into the 607-room InterContinental New York Times Square. Rising 36 stories above the iconic New York skyline, the property is the largest new-build hotel to open in Manhattan since 2002. The hotel’s Grand Opening Ceremonies will be held on July 29.

Located on 44th Street just west of Times Square, the hotel is in the heart of the Broadway Theatre district, a short stroll from Fifth Avenue shopping and world-class museums, making it an ideal location from which to explore the city. Featuring panoramic views of Manhattan from virtually every guestroom, the new InterContinental New York Times Square delivers an insider’s view of the city by providing a contemporary and vibrant yet intimate experience.

Wrapped with floor-to-ceiling windows, the InterContinental New York Times Square’s guestrooms average 350 square feet in size and include an oversized, spa-inspired bathroom complete with walk-in rain showers. The hotel boasts 25 Panoramic Avenue Suites with stunning views of the city that allow guests to sightsee without moving their feet. Additionally, the hotel’s three-bedroom, 2,700-square foot bi-level Penthouse Suite showcases dramatic panoramic views of Times Square, Broadway, the New York City skyline and the Hudson River.  

As one of the closest hotels to Javits Convention Center, the property boasts 10 meeting rooms totaling 10,000 square feet of flexible meeting and event space, inclusive of a 4,000-square foot ballroom. Additionally, there are 25 flexible suites available that can be utilized as event space.

And you thought new luxury hotels opening in NYC were a thing of the past?

Currently there are 33 hotels that are scheduled to open in New York in 2010 and almost half of them are in the luxury category.

Gansevoort Park New York

InterContinental New York Times Square The 36-story contemporary hotel with 607 rooms is set to open July 12 with sweeping river and city views, a 2,700-square-foot presidential suite that features panoramas of the city, a French bistro led by chef Todd English and more.

Andaz 5th Avenue This hotel, scheduled to open July 5, claims to be bookishly similar to the New York Public Library, which sits across the street, but can any Andaz be that subdued? The limestone facade is historic — the 1916 Rogers Peet Building — and the hotel promises high ceilings with 184 rooms. The hotel is offering a preview rate of $295 per night, excluding tax, from July 25 through Sept. 1.

W New York Downtown This W hotel is set to open Aug. 16 in the Financial District with 217 rooms on 58 floors. The suite includes a dining table for four, wet bar, panoramic views, two 42-inch TVs, living room and bedroom with work desk. Of course, there are Wonderful and Spectacular rooms too, much more down-to-earth.

Gansevoort Park Avenue The 20-story building with 249 rooms features an indoor/outdoor heated rooftop pool with terraces, indoor-outdoor fireplaces and transparent floors. A tri-level bar and extravagant three-story atrium lobby round out the new digs. The hotel is now accepting reservations.