InterContental Hotels Group advanced plans earlier this month tobuild 52 new Holiday Inns throughout Canada, most of which will beflagged as the less-elaborate Holiday Inn Express. IHG now claimsthe largest hotel pipeline of all midscale brands in Canada.

Already having had a presence for the past half-century, HolidayInn already has 64 full-scale hotel and resort locations throughoutCanada, totaling 11,666 rooms, plus 50 Holiday Inn Express hotelstotaling 5,071 rooms. Future locations will include major citiesincluding Calgary, Edmonton, Toronto and Montreal, as well assecondary markets such as Slave Lake, Alberta; Prince Albert,Saskatchewan; and Stellarton and Truro, Nova Scotia.

The biggest preferences to location can be summed up in a singlethree-letter word: oil. Alberta and Saskatchewan are benefitingfrom record-setting prices, making those provinces somewhat moreattractive for hotel development than any of the lower 48 states,according to Gopal Rao, VP of sales and marketing for IHG inCanada.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.