Interstar and IHG Enter Multiple Development Agreement for 10 Hotels in Germany

IHG (InterContinental Hotels Group) | March 4, 2015

4 March, 2015 - InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has announced the signing of its latest multiple development agreement (MDA) to develop 10 hotels in Germany by 2019 with first time franchisee for the company, Interstar. IHG's growth strategy continues to gain momentum in Germany with over 85 hotels currently either open or planned under MDA agreements. The agreement enables Interstar to develop hotels across two of IHG's brands – Holiday Inn® and Holiday Inn Express®. The 10 hotels will add approximately 1,700 rooms when signed to Germany's current development pipeline of close to 4...