multiple development agreement
IHG Extends Multiple Development Agreement Across Northern Europe With tristar GmbH
IHG Hotels & Resorts | May 10, 2022
The agreement sees the partnership grow to 60 hotels with IHG Hotels & Resorts by 2025 with developments planned in Germany, Austria, Switzerland, Poland, and Italy IHG® Hotels & Resorts, one of the world’s leading hospitality companies, today announces the extension of its multi-property development agreement for the DACH region (Germany, Austria and Switzerland) and expands the growth ambition to Italy and Poland. In 2022 alone, tristar GmbH will open four new Holiday Inn Express hotels and a Hotel Indigo in Vienna, marking the brand's entry into the Austrian market. The announcement is a further development of IHG’s str...
IHG Signs Multiple Development Agreement With GS Star for 15 avid® Hotels to Open in Germany Over the Next Five Years
IHG | October 9, 2018
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has announced a Multiple Development Agreement (MDA) with existing partner GS Star GmbH (GS Star) to bring 15 avid® hotels to the German market. This marks a significant milestone launching avid hotels, IHG's newest mainstream brand, in Europe for the first time. Germany is a priority market for IHG with 122 hotels already open or in the development pipeline. Strong growth momentum of 50 new signings since 2015 has been driven by IHG's 11 active MDA partners, which has expanded IHG's mainstream presence in Germany particularly with the Holiday Inn&...
