The FINANCIAL — InterContinental Hotels Group (IHG) and international investment group, Pro-Invest have signed a franchise agreement for a 226-room Holiday Inn Express hotel in Brisbane’s Spring Hill. The hotel will be the first Holiday Inn Express property in the city and marks the company’s return to Brisbane, according to IHG.
The new Holiday Inn Express hotel will be located near the “Golden Triangle” of Brisbane’s CBD, with easy access to the city’s business, retail, entertainment and leisure hubs. Surrounded by a number of restaurants and bars, the high-rise Brisbane hotel will have two meeting rooms, on-site parking spaces and a generous breakfast area, called The Great Room, where guests can enjoy their free breakfast before heading out for the day’s activities.
The hotel is easily accessible from Brisbane airport and will cater to mid-week corporate visitors as well as value-conscious leisure travellers on weekends and school holidays. This is the second site in the portfolio of 15 Holiday Inn Express hotels Pro Invest is developing under a $150 million fund. The first hotel will open at Macquarie Park in North Ryde, Sydney next year, according to IHG.
“The development of the new Holiday Inn Express in Brisbane is a significant milestone for IHG as it marks our return to the city with the entry of our largest and one of our fastest growing brands into the market. As the third most populous city in Australia, Brisbane has immense growth potential as it sees steady increase in the number of domestic and international travellers. This hotel will cater to the growing demand for hotel accommodation in the Spring Hill district, offering a great guest experience to smart, savvy travellers regardless of whether they are visiting for business or leisure,” said Matthew Tripolone, Head of Development, Australasia, IHG.
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