The InterContinental Hotels Group (IHG) is to open a second InterContinental hotel in London, due to launch in late 2011.
The company signed a 20-year management contract with Splendid Hotel Group, an existing IHG franchisee with Holiday Inn hotels in Manchester and London, for a new 254-bedroom property located on the former site of Queen Anne’s Chambers in Westminster.
Originally built in the 19th Century, the building currently operates as office and retail space, and is the biggest acquisition for Splendid Hotels to date.
Shiraz Boghani, managing partner of Splendid Hotels, said: “This is by far the largest project we've taken on. We specialise in providing the best hotel accommodation in major cities and the new InterContinental London Westminster will be a great addition to our portfolio. The strength of the InterContinental brand and the site's location, close to some of the city's most famous attractions, makes it the perfect deal for us.”
Kirk Kinsell, IHG's president for Europe, Middle East and Africa, said he aimed to get the 120,000 sqft hotel open in time for the 2012 Olympic Games.
“Despite the tough economic times the fact that we continue to sign major deals is testament to the strength of our brands,” he said. “We're adding 5,000 rooms in the UK in the next two to three years.”
The hotel will be the second InterContinental in the capital, joining the InterContinental Park Lane, which opened more than 30 years ago.