IHG AND IBEROSTAR SIGN A STRATEGIC ALLIANCE ​FOR RESORT AND ALL-INCLUSIVE HOTELS IN THE CARIBBEAN, AMERICAS, SOUTHERN EUROPE AND NORTH AFRICA

NOVEMBER 20, 2022: InterContinental and Iberostar Hotels & Resorts (Iberostar) announced a long-term commercial agreement for resort and all-inclusive hotels. Iberostar is a family-run business based in Palma de Mallorca, Spain, with more than 65 years’ experience in the hospitality industry, an excellent reputation for operating resorts in outstanding locations, and a strong commitment to quality and sustainability.

Through this strategic alliance, Iberostar will retain 100% ownership, preserving its autonomy and values. Up to 70 hotels (24.3k rooms) will be added to IHG’s system under the Iberostar Beachfront Resorts brand, which will become the 18th brand for IHG. This will boost IHG’s global system size by up to 3%. The first properties set to join the IHG system this December will give IHG guests increased choice in sought-after locations including Mexico, the Dominican Republic, Jamaica, Brazil and the Canary Islands (Spain). Further properties in Spain and other popular resort destinations in Southern Europe and North Africa are anticipated to join IHG’s system over the course of 2023 and 2024.