IHG Signs Five Hotel Management Deals with HNA Group

InterContinental Hotels Group has signed a management contract for five hotels with its new strategic partner HNA Hotels & Resorts Group.

The five hotels, under three of IHG's brands, will span from South to North China and add more than 1,300 rooms to IHG's pipeline.

HNA Hotels is a subsidiary of China's HNA Group, an integrated operator in the modern service industry, with business in eight industry sectors, such as air transportation, logistics, tourism, finance and property development. HNA Hotels currently owns and operates nearly 50 hotels in China.

The five hotels covered by the agreement are：the 200-room InterContinental Haikou, which is scheduled to open in 2014; the 300-room InterContinental Changchun, which is scheduled to open at the end of 2015; the 290-room Crowne Plaza Changchun Noble, which is scheduled to open at the end of 2012, the 300-room Crowne Plaza Kunming West, which is scheduled to open in early 2014; and the 217-room Holiday Inn Beijing Sifang, which is scheduled to open in early 2012.