IHG® signs Holiday Inn Goa Candolim

Continues growth momentum for the Holiday Inn brand family across India

New Delhi, India, January 29, 2019: InterContinental Hotels Group® (IHG), one of the world’s leading hotel companies has signed a management agreement with Tipping Point Hospitality Private Limited for Holiday Inn Goa Candolim. Nestled amidst two of the North Goa’s famed and popular destination – Candolim and Calangute, the hotel is expected to welcome guests in November 2019.

Offering leisure and corporate travelers a perfect stay experience, the newly built, 110-room Holiday Inn Goa Candolim will be a 30-minute drive from the city center and a 60-minute drive from the Dabolim Airport. The hotel is also in close proximity to North Goa's popular entertainment and nightlife destinations and is a 15-minute walk from Candolim beach and Sinquerim fort.

In addition to featuring well-designed, fully equipped guest rooms, Holiday Inn Goa Candolim will comprise expansive meeting space and a business center to meet the rapidly growing MICE demands in the city.

Holiday Inn Goa Candolim will feature an all-day dining restaurant and a lobby bar, offering guests some great dining options at the hotel. The hotel will also feature leisure facilities such as an outdoor pool and a gymnasium for guests to enjoy their time during their stay.

Commenting on the announcement, Sudeep Jain, Vice President, Development, South West Asia, IHG said, “We are delighted to partner with Tipping Point Hospitality Private Limited to expand our presence in Goa - one of the most sought after destinations in India that are known to welcome travelers with diverse profiles and different needs. The hotel demand in Goa over the past decade has evolved from being solely leisure driven to a more varied base including MICE and commercial segments. A brand like Holiday Inn with its international appeal, world-class amenities, and great service culture, is a perfect fit for this market. This will be our second Holiday Inn hotel in Goa.”

He added: we have gained noteworthy momentum in India with a number of signings last year, especially across the Holiday Inn brand family. We look forward to keeping up this momentum

and expand our presence across the country with our portfolio of brands that are loved by travelers across the globe.”

Mr. Pawan Mangla, Director, Tipping Point Hospitality Private Limited said, "We are delighted to partner with a strong global hospitality player such as IHG to open Holiday Inn Goa Candolim. The hotel’s offering and location will allow for a great experience for our leisure and corporate guests alike. IHG is known to have strong distribution systems, a portfolio of preferred brands and a great loyalty programme, and we are confident that this will add to the success of Holiday Inn Goa Candolim when the hotel opens its doors to guests later this year.”

IHG® currently has 31 hotels operating across four brands in India, including InterContinental Hotels and Resorts®, Crowne Plaza®, Holiday Inn®, and Holiday Inn Express®, and a strong pipeline of 49 hotels due to open in the next 2-3 years.