IHG unveils its 5,000th hotel in New York

THE InterContinental Hotels Group (IHG) has unveiled the Hotel Indigo Lower East Side New York as its 5,000th hotel globally.

The hotel is a joint venture between IHG and Brack Capital Real Estate (BCRE) and is IHG's third for the Hotel Indigo brand in New York City.

Richard Solomons, CEO of IHG, said: "Reaching 5,000 open hotels with the addition of the Hotel Indigo Lower East Side New York is an incredible milestone for IHG.

"Over time we have built a leading portfolio of hotel brands and scale where it matters most. Alongside our network of owner relationships and powerful digital platforms, these remain the key drivers behind our consistently strong performance. The recent landmark openings that make up our '5,000 Club' also demonstrate the momentum behind our brand portfolio and our ability to increase our presence in the world's most important growth markets."

In December 2003, the number of IHG properties globally totalled just over 3,500. Since then, a total of 1,500 hotels have been added to the portfolio.

In South-east Asia, there are almost 60 IHG properties, with around the same number of properties in the development pipeline due to open in the next three to five years.