IHG Signs Multi-Brand, Multi-Property China Deal with Leading Hong Kong Developer

IHG Signs Multi-Brand, Multi-Property China Deal with Leading Hong Kong Developer

June 20, 2007

    SHANGHAI, China, June 20 /Xinhua-PRNewswire/ -- IHG
(InterContinental Hotels Group) announced today the signing
of a management contract to operate three hotels and over
800 rooms in Changzhou, a key Eastern China city near
Shanghai. Consisting of one Crowne Plaza hotel and two
Holiday Inn Express hotels within an integrated city centre
commercial complex, the three hotels will be developed by
Top Spring Group, a leading Hong Kong retail investment and
real estate developer. Top Spring Group has also signed a
strategic partnership with IHG, giving IHG preferential
branding and management rights to all of Top Spring's
upcoming hotel developments across China.

    (Logo: http://www.xprn.com.cn/xprn/sa/200702131431.jpg
)

    The three hotels will be part of the Landmark
International Commercial Center, located in the centre of
Changzhou. The integrated complex with have over 580,000
square metres of retail outlets, offices, exhibition space,
entertainment facilities, residences and hotels. The hotels
to be managed by IHG are: 

    Holiday Inn Express City Center Changzhou: 208 rooms,
scheduled to open by end of 2008 Crowne Plaza Changzhou:
288 rooms, scheduled to open in 2011.  Holiday Inn Express
Landmark Changzhou: 308 rooms, scheduled to open in 2011.  


    "Top Spring Group has significant knowledge and
expertise in China's real estate market and we are pleased
to partner with them as they grow their hotel portfolio
across China," said Mr. Tony South, acting chief
executive, IHG Asia Pacific. "This strategic
multi-brand, multi-property partnership, once again
demonstrates that IHG is the partner of choice for hotel
developers and owners in China." 

    Mr. Wong Chun Hong, chairman and managing director of
Top Spring Group, said, "We recognize the growing
needs of hotel industry in Changzhou and other parts of
China, and we are delighted to be partnering with IHG, the
world's largest hotel group by number of rooms, to launch
the new hotels in Landmark International Commercial Centre.
We are confident that IHG's world-recognized hotel brands
and established operating systems will help our hotels
provide the highest quality of products and services to our
guests." 

    Changzhou is a key tourism destination, attracting more
than 20 million tourists with tourism revenues of RMB 400
million in 2006. It is also a significant manufacturing
base, home to industrial parks that house various
international and domestic companies.

    About IHG

    InterContinental Hotels Group PLC (IHG) of the United
Kingdom (LON: IHG, NYSE: IHG (ADRs)) is the world's largest
hotel group by number of rooms.  IHG owns, manages, leases
or franchises, through various subsidiaries, over 3,700
hotels and more than 558,000 guest rooms in nearly 100
countries and territories around the world. IHG owns a
portfolio of well recognised and respected hotel brands
including InterContinental(R) Hotels & Resorts, Crowne
Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and
Resorts, Holiday Inn Express(R), Staybridge Suites(R),
Candlewood Suites(R) and Hotel Indigo(R), and also manages
the world's largest hotel loyalty programme, Priority
Club(R) Rewards with over 33 million members worldwide.

    The company pioneered the travel industry's first
collaborative response to environmental issues as founder
of the International Hotels and Environment Initiative
(IHEI). The IHEI formed the foundations of the Tourism
Partnership launched by the International Business Leaders
Forum in 2004, of which IHG is still a member today. The
environment and local communities remain at the heart of
IHG's global corporate responsibility focus.

    IHG offers information and online reservations for all
its hotel brands at http://www.ihg.com and information for
the Priority Club Rewards programme at
http://www.priorityclub.com .

    For the latest news from IHG, visit our online Press
Office at http://www.ihg.com/media .

    About Top Spring Group

    Top Spring Group is based in Hong Kong and Shenzhen,
China. Its major businesses are retail investment and real
estate development in China, including the sourcing and
acquiring of sites to build shopping malls to be anchored
by Wal-Mart hypermarkets in Shanghai, Guangzhou and Beijing
regions. Its major projects include: residential projects in
Beijing and Shenzhen; three commercial real estate projects
for Wal-Mart shopping centres under construction and six
more under developments, and a Holiday Inn hotel in
Changzhou, Jiangsu Province under construction. Top Spring
Group has established joint venture and other strategic
relationships with leading multinational and Chinese
companies, including Shenzhen International Trust and
Investment Company for real estate development; a joint
venture with a subsidiary of Hutchison Whampoa Group of
Hong Kong as franchisee to sell Warner Brothers' consumer
products in China; and a joint venture partnership with
China Aviation Group to run a 20-outlet Rainbow Department
Store chain across China. 


    For more information, please contact:

     Sharona Tao, IHG
     Tel:   [phone]
     Fax:   [phone]
     Email: [e-mail]