MIAMI - InterContinental Hotels Group PLC said Thursday it plans to open its first hotel property in Cartagena, Colombia.
The Holiday Inn Express Cartagena Hotel & Suites, which will be a 32-story mixed-use complex, is set to open in early 2010, IHG said.
Promotora San Martin Plaza will own the property, and IHG's Americas operations division, The Hotel Management Group, will manage the property under a long-term contract.
It operates 36 properties in India including, Hometel, and three, four and five-star hotels under the Sarovar brand, and is also the master franchiser for Carlson Hospitality Worldwide’s Park Plaza and Park Inn brands.
It has around 33 properties under various stages of development, which will all come up in about three years.
“We are planning an investment of Rs 350-400 crore in the next few years to expand our chain of budget hotels and we need funds for this,” said Anil Madhok, managing directors, Sarovar Hotels.
Oberoi Hotels & Resorts offer a combination of breathtaking locations, luxurious environs and every modern-day amenity together with attentive and warm service, delivered with genuine care.
Luxury as a unique, memorable and personal experience is core to the Oberoi philosophy and encompasses every element of a guest’s stay from the design of the hotel that takes its inspiration from the destination and interiors that showcase the local arts and crafts to a staff that is committed and inspired to deliver the finest service. The same philosophy extends to the design, interiors, facilities and the service extended at the Oberoi Spas.
DUBAI, March 3 (Reuters) - Dubai-based Almulla Hospitality said on Monday it is seeking partners for a $2 billion plan to develop a hotel chain that complies with Islamic law, including a ban on alcohol.
"The market for Islamic hotels is currently fragmented due to lack of professional management and we recognise the growing need for a professionally-operated international hotel chain which operates on Islamic principles," the firm's chairman Abdulla Mohamed Almulla said in the statement.
