London, UK (PRWEB UK) 3 December 2014
Kew Green Holdings Ltd (Kew Green) today completed the acquisition of two remaining Holiday Inn hotels from LRG Holdings Ltd, bringing its portfolio of Holiday Inn branded hotels to 40 confirming it as InterContinental Hotels Group’s (IHG) largest Holiday Inn franchise partner across Europe.
‘This is a truly exciting time for Kew Green. Holiday Inn® is one of the most widely known brands in the hotel and leisure industry with strong commercial performance and family heritage that welcomes all.’ said Kew Green CEO Paul Johnson.
The final two hotels are located in Swindon and Portsmouth and will continue to trade as Holiday Inn Hotels under new franchise agreements.
Kew Green have committed to invest £25m across the estate of 21 hotels which it acquired from LRG Holdings Ltd and will see them all benefit from a comprehensive refurbishment. The acquisition takes Kew Green’s portfolio to 55 hotels across the UK with almost 6,700 bedrooms in total.
Kew Green Holdings now operate 55 hotels across the UK under 6 major brands; Holiday Inn®, Holiday Inn Express®, Crowne Plaza®, Ramada Encore®, Ramada and Courtyard by Marriott®. They also operate The Richmond Hill Hotel, a four star property in South West London and The Grand Brighton®.