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New Holiday Inns in key cities
InterContinental Hotels Group (IHG) has signed a franchise agreement to run 20 new hotels in Germany.
The deal is with Foremost Hospitality for Holiday Inns and Express by Holiday Inns in key cities by 2016.
Contracts for seven of the properties are already signed, among them a 328-room Holiday Inn Berlin City Centre - Potsdamer Platz, due to open in March 2011, and a 150-room Holiday Inn Express Berlin City Centre - Alexander Platz, scheduled to open in March 2010.
Karl-Heinz Pawlizki, IHG's director of operations, Germany, said: "As IHG's sixth biggest market globally by number of rooms and seventh by hotels, Germany remains a priority market for us and Foremost Hospitality an important strategic partner.
"With 55 hotels currently operating under the Holiday Inn brand family in Germany of which nine are already open with the new Holiday Inn brand flags, this new agreement demonstrates our owner community's support of the worldwide re-launch of the Holiday Inn brand family.
"Furthermore, we believe this agreement will ensure we are ideally placed to continue our growth within one of Europe's best performing markets."