InterContinental Hotels Group (IHG) has signed a deal with leading Thai conglomerate TCC (Thai Chareon Corporation) to convert and rebrand four existing hotels, including Hyatt Regency Adelaide to InterContinental Adelaide, adding nearly 1500 rooms to IHG’s Asia-Pacific portfolio.
The 367-room Adelaide property will become the fourth InterContinental in Australia on September 24, joining InterContinental Sydney, InterContinental Perth Burswood, and InterContinental Melbourne the Rialto.
The hotels other three hotels are located in China and Japan and will carry the InterContinental Hotels and Resorts, Crowne Plaza Hotels and Resorts, and Holiday Inn Hotels and Resorts brands.
“We are confident that the four properties added to our portfolio will do well operating under the various IHG brands. We look to IHG’s management experience, brand portfolio and commitment to the hospitality industry in Asia Pacific to ensure the success of our partnership,” says TCC chairman and founder, Khun Charoen Sirivadhanabhakdi.
Presently, TCC is the owner of InterContinental Singapore and with the new agreement will have five IHG properties in its portfolio.
“We are delighted to win TCC’s confidence in our brands. This partnership allows us to bring to bear the strength and scale of IHG brand and systems to drive operational performance of the hotels and deliver returns,” says IHG Asia-Australasia managing director, Jan Smits.
All hotel staff are expected to be retained in the management changeover and the hotel’s new General Manager, Stephen Floyd is expected to be in place by the changeover on September 24.
Floyd and the IHG team are also working with TCC on the owner’s plans to upgrade the hotel, ensuring it retains its premier position in Adelaide.
While TCC is yet to confirm actual amounts to be committed for refurbishment, the owner plans to upgrade the lobby and public areas, restaurants and the Club Lounge and all Club rooms – 82 rooms in total across levels 20-24 of the hotel – within the next twelve months.
This will be followed by refurbishment of function spaces and all remaining guest rooms within the next two- to three-years.