IHG To Franchise Hotels In China

Wsj

InterContinental Hotels Group PLC will begin franchising its Holiday Inn Express hotels in China for the first time as it seeks to accelerate its already rapid growth in the country, the U.K.-based company’s chief executive said.

IHG, the world’s largest hotel operator by number of rooms, is now in final negotiations with potential partners who would manage some of its future Holiday Inn Express outlets, InterContinental Hotels Chief Executive Andrew Cosslett said yesterday in an interview.