InterContinental Debuts in Panama City

Leading hotelier, Global Hotels Group plc (IHG), is strengthening its Latina American portfolio through continuous growth in the region. The latest addition to the profile is Holiday Inn Express Compact country of panama Distrito Financieroin Panama City, Compact country of panama. The 196-room property will mark the debut of Holiday Resort Express brand in the city.

Of late, the emerging marketplace of Panama has attracted the attention associated with several hoteliers. The political plus administrative hub of the island, Compact country of panama City is also the business center plus home to several prime business enterprises. These types of factors, in addition to the flourishing tourism market, encouraged InterContinental’s decision to bring the Holiday Inn Express brand to the city.

Intercontinental Hotel’s latest property, positioned in close proximity to Tocumen International Airport, Punta Pacifica Hospital, Costa del Este Business Recreation area and various shopping venues such as Multiplaza Pacific and Multicentro, will be expected to cater to both leisure plus business travelers. We expect the strategic position, wide range of amenities offered at the Holiday Inn Express Panama Distrito Financiero as well as its contemporary atmosphere to create a strong guest base.

The company has unveiled the vacation Inn Express-branded property in association with Grupo AGRISAL’s operational arm, Latin United states Hospitality Group. Grupo AGRISAL plans to unveil two more hotels under the brand in Honduras plus Nicaragua, going ahead.

Holiday Inn Express is a smaller prototype of the Holiday Inn brand, primarily designed to serve business travelers. Intercontinental currently owns 44 qualities under Holiday Inn Express plus Holiday Inn brands cross the Latin American region.

InterContinental has been operating in Latina America for the past 65 years. The affluent middle-class population and greater footfall impelled this Zacks Position #3 (Hold) company to grow more in this fast-growing emerging market. The hotelier has more than 80 hotels in Central and South America and the Caribbean. We believe the new property will strengthen its brand existence in the region as well as align with its development strategy.

Various other Stocks to Consider

InterContinental holds a Zacks Position #3 (Hold). Investors interested in the hotel and lodging industry may consider stocks like Home Inns & Hotels Management Inc. (HMIN), Marriott International, Inc. (MAR) and Orient-Express Hotels Ltd. (OEH). While Home Inns & Hotels has a Zacks Rank #1 (Strong Buy), Marriott and Orient-Express Hotels hold a Zacks Position #2 (Buy).

Read the Full Research Report on MAR
Read the Full Research Report on IHG
Read the Full Analysis Report on OEH
Look at the Full Research Report on HMIN

Zacks Investment Research


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Leading hotelier, Intercontinental Hotels Group plc (IHG), will be strengthening its Latin American profile through continuous expansion in the region. The latest addition to the portfolio is Vacation Inn Express Panama Distrito Financieroin Panama City, Panama. The 196-room property will mark the debut of Holiday Inn Express brand in the city.

Recently, the emerging market of Panama offers attracted the attention of several hoteliers. The political and administrative center of the island, Panama City can also be the business center and home to several prime business enterprises. These factors, as well as the flourishing tourism industry, encouraged InterContinental’s decision to bring its Holiday Resort Express brand to the city.

Intercontinental Hotel’s latest property, situated in close proximity to Tocumen Airport terminal, Punta Pacifica Hospital, Costa del Este Business Park and numerous shopping venues like Multiplaza Pacific cycles and Multicentro, is expected to focus on both leisure and business travelers. We expect the strategic placement, wide range of amenities offered at the Holiday Resort Express Panama Distrito Financiero along with its contemporary ambience to create a strong guest base.

The business has unveiled the Holiday Inn Express-branded property in association with Grupo AGRISAL’s functional arm, Latin American Hospitality Group. Grupo AGRISAL plans to reveal two more hotels under the brand in Honduras and Nicaragua, going ahead.

Holiday Resort Express is a smaller prototype from the Holiday Inn brand, primarily designed to serve business travelers. Intercontinental currently owns 44 properties under Vacation Inn Express and Holiday Resort brands cross the Latin United states region.

InterContinental continues to be operating in Latin America within the past 65 years. The affluent middle-class population and greater footfall impelled this Zacks Rank #3 (Hold) company to grow further in this fast-growing emerging market. The hotelier has more than 80 hotels in Central and South America and the Caribbean. We all believe the new property will improve its brand presence in the region along with align with its growth strategy.

Other Stocks to think about

InterContinental retains a Zacks Rank #3 (Hold). Investors interested in the hotel plus lodging industry may consider stocks like Home Inns & Hotels Management Inc. (HMIN), Marriott International, Inc. (MAR) and Orient-Express Hotels Ltd. (OEH). Whilst Home Inns & Hotels includes a Zacks Rank #1 (Strong Buy), Marriott and Orient-Express Hotels hold a Zacks Rank #2 (Buy).

Read the Full Research Statement on MAR
Read the Full Research Report on IHG
Read the Full Research Report on OEH
Read the Full Analysis Report on HMIN

Zacks Investment Research

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