IHG and Duet India Hotels Group to Develop 19 Holiday Inn Express Hotels

150 150 Daniel Fountain
  • 0

IHG (InterContinental Hotels Group) has signed a joint venture partnership with Duet India Hotels Group (DIHL), the hotel investment arm of global asset manager Duet Group, to develop 19 new Holiday Inn Express hotels across India.

IHG will invest through a 24% equity stake, making a multi-year investment of US$30 million into the partnership. This investment will go into a fund to support the building of the 19 hotels over the next five years. These 19 Holiday Inn Express hotels will add approximately 3,300 rooms to IHG’s current India development pipeline of over 10,000 rooms (46 hotels) and are expected to be operational by 2016. Richard Solomons, IHG’s Chief Financial Officer and Head of Commercial Development, said, “This deal is a great example of our strategy in action. By investing a small amount of our own capital we have established a strategic relationship with a fantastic partner who knows the market, securing a future fee stream and opening up a huge opportunity for us to develop the Holiday Inn Express brand across India. With strong economic growth and an expanding middle class in India, we forecast strong future demand for mid-market and select service hotels, cementing Holiday Inn Express’ position as one of the fastest growing brands in the hotel industry.”

Upcoming Holiday Inn Express hotels will be primarily located in India’s major metros and key secondary cities, which are well positioned to drive growth and continued investment opportunities including New Delhi, Mumbai and Bangalore.

“This venture marks a significant milestone for IHG. With these 19 new signings, we continue to add momentum to our current India development pipeline. IHG is strongly positioned to build a significant India footprint with a growing presence in India’s key business and leisure hubs. Overall, we are on track to have a 150-hotel presence by 2020. The Holiday Inn Express brand will address the need for internationally branded and high-quality hotels for domestic travellers,” said Jan Smits, Chief Executive Officer of IHG Asia Australasia. “Across the region, over the course of 2010 we signed new Holiday Inn Express deals in key locations including India, Singapore and Thailand. The growing presence of Holiday Inn Express in this region strengthens the brand’s portfolio and introduces the brand to new guests.”

Holiday Inn Express is one of the fastest growing hotel brands in the industry, opening on average two hotels a week globally. There are now 2,075 Holiday Inn Express hotels open and 494 hotels under development around the world. In India, over 75 percent of IHG’s India pipeline is with the Holiday Inn family of brands.

Henry Gabay, Co-founder and Chairman, Duet Group, said, “We are extremely excited to partner with IHG and bring the fast-growing Holiday Inn Express brand to India. Mid-market hotels are the core focus of our hotel business in India and this deal will support the expansion of our growing hospitality development portfolio to its targeted 5,000-6000 rooms from 1,250 rooms today. IHG’s 48-year track record in and continued commitment to India as well as Holiday Inn Express’ strong brand presence and proven product globally make it an ideal partner for a fully integrated hotel development company like DIHL.”

“The mid-market hotel space in India offers a compelling investment proposition given favourable demand-supply dynamics and an attractive build cost to operating returns equation. The strategic partnership with IHG provides DIHL with a strong platform to tap the full potential of this opportunity,” said Anuj Gupta, Managing Partner and CEO India, Duet Group.

Daniel Fountain / 09.05.2011

Editor, Hotel Designs

Share

  • 0

Fun fact: I’m usually the person friends rely on to organise trips, schedules, and group plans.

Workhighlights: Successfully coordinating events from planning through to delivery and seeing everything come together on the day.

Fun fact: I’m a keen cyclist and will happily bore people with copious amounts of cycling chat. My top cycling experience (so far) would have to be riding in the spectacular mountains of Crete.

Work highlights: Charles joined Forum Events in 2022. With a background in publishing, editorial media and events, Charles brings a wealth of experience to his role as Senior Production Manager. Having being involved with SPACE from the outset, he is excited to see the brand grow and develop.

Fun fact: People tell Sienna she gives off Bridget Jones vibes, and she loves to bake, always making sure there are shortbreads floating around the office

Work highlights: Sienna joined Forum Events & Media Group while studying Communications and Media, starting in the sales team where she managed and helped launch the first the PA Life Leading Venues of London SHOWCASE, where she built relationships with luxury venues across the capital. Drawn to the stories behind these spaces, she naturally transitioned into the editorial team, creating social media and editorial content. Upon graduating in June 2026, she is excited to be joining as Assistant Editor for Hotel Designs and SPACE.

Fun fact: When not working, Jess can usually be found tending to her kitchen garden in the Sussex countryside or foraging for herbs in the nearby woods. A keen grower, she recently studied a RHS Level 2 Diploma in the Principles of Horticulture during her spare time.

Work highlights: Jess joined SPACE magazine in 2022 and has since progressed from Assistant Editor to Editor. During this time, she has worked across many aspects of the publication – from shaping editorial strategy and overseeing operations to contributing to art direction and representing the brand on stage at industry events including Surface Design Show and WOW!house.

Alongside her role at SPACE, Jess has built a creative career spanning the arts, culture, design and travel sectors. Prior to joining the magazine, she spent more than a decade in the commercial art industry, in artist liaison, gallery management, and curating collections for the hospitality sector across hotels and cruise ships. During this time, she also worked on freelance projects as a writer, photographer, and creative content producer.
 
Jess studied photojournalism at London College of Communication and the Danish School of Media and Journalism and holds a first-class BA (Hons) in Culture, Criticism and Curation from Central Saint Martins.

Fun fact: Katy has spent years perfecting all kinds of accents and loves a good impersonation!

Work highlights: Katy has been with Hotel Designs since the beginning, way back in 2015 when Forum Events & Media Group acquired the brand.

During this time, she has fostered many meaningful relationships with clients from across the hospitality spectrum, as well as playing a pivotal role in the launch of The Brit List Awards, Hotel Designs MEET UPs, client-led roundtables and panel talks, brand and website redesigns, HD Wellness Sets, DESIGN POD podcast, Hotel Designs LIVE panel talk series, Accessible Design Talks and more. Katy is always on the lookout for the next opportunity to help grow the Hotel Designs brand even further.
 
Most recently Katy has stepped in to the role of Publisher at SPACE magazine, the printed bi-monthly publication focused on hotel design, architecture, and development.

Together these platforms offer a comprehensive 360-degree service encompassing digital media, print publishing, and live events – providing unparalleled value to advertisers, partners, and readers alike.