Tag 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.

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.

InterContinental New York Times Square set to open July

IHG, the world’s largest hotel group by number of rooms, has begun the countdown to the opening of the newest InterContinental Hotels & Resorts property in Times Square. Slated to open in July, the InterContinental New York Times Square will join the historic InterContinental New York Barclay as IHG’s newest InterContinental Hotel in the city.

Lansing-area hotels part of three-year, $1 billion renovation effort

Holiday Inn and Holiday Inn Express are hoping travelers that haven’t seen the inside of the hotel chain in a while are ready to give them a second look now.

Holiday Inn, with 1,319 hotels worldwide, and Holiday Inn Express, with 1,846 hotels, are finishing up a three-year, $1 billion “refreshing” effort that has included revamping hotels in Charlotte and Okemos as well as rejuvenating properties in and around Lansing.

The massive remodeling, financed largely by individual hotel franchise operators, is believed to be the largest ever undertaken by a hotel chain, involving 427,102 guest rooms worldwide. The project is scheduled to wrap-up by the end of this year.

Guests will notice a more modern look to the guest rooms and commons areas, spokeswoman Emily Brinkley said. Linens in hotel rooms are being upgraded, and guests will have a choice between soft or firm pillows.

“One of the key things people will see is a refreshed approach to the Holiday Inn brand,” Brinkley said. “There will be a more contemporary look and feel.”

Local projects

The Okemos location transformed from a Comfort Inn to a Holiday Inn Express in March 2007.

The hotel spent more than $1 million in renovations to change the brand as well as relaunch costs, owner William Brehm said. The hotel chain signed off on Brehm’s relaunch last fall.

The Holiday Inn Express in Charlotte started its renovations last fall and plans to finish sprucing up the exterior this spring, said Marcy Babcock, general manager. She would not say how much was spent on the project.

The Holiday Inn Express in East Lansing opened in June 2009. It came with the new features.

Targeting budgets

But even with the massive investment, the hotel chain is keeping an eye on travel budgets.

As companies nationwide slash their travel budgets, Holiday Inn is pushing hard to capture a larger share of the corporate market from more upscale rivals such as the Hiltons, the Sheratons, and the Marriotts.

“Nobody ever gets fired for staying at Holiday Inn,” said Kevin Kowalski, senior vice president of global brand management for the chain. “There is no preconceived notion of extravagance attached to our brand.”