InterContinental Hotels Group
), recently unveiled its first Holiday Inn Resort branded
property -- Holiday Inn Resort Grand Cayman -- in Grand Cayman,
Cayman Islands in association with The Grand Caymanian Ltd.
Crestline Hotels and Resorts will be acting as the manager of the
resort. The Holiday Inn Resort brand includes small-to-mid sized
full-scale resorts in upper-moderate tier especially designed to
serve luxury travelers.
Strategically positioned on the North Sound of Grand Cayman,
the 117-room resort is in proximity to the Owen Roberts
International Airport as well as to various famous tourist spots
including Stingray City, Rum Point, Camana Bay and George Town.
Holiday Inn Resort Grand Cayman provides various amenities like
an outdoor pool, bar, fitness center and spa.
Located at the western Caribbean Sea off the coast of Cuba,
Grand Cayman is considered the biggest of the Cayman Islands.
Grand Cayman, which is a key tourist spot, is well-known for its
scenic beauty and local culture. Several other hoteliers
Wyndham Worldwide Corp.
Starwood Hotels & Resorts Worldwide Inc.
Marriott International Inc
) have also made their presence felt in Grand Cayman.
The flourishing tourism industry of the island is a major
source of its income. These factors justify InterContinental's
decision to bring its Holiday Inn brand to the island. We believe
that the Holiday Inn Resort Grand Cayman will create a strong
guest base, going ahead.
This opening is in line with the company's strategy to expand
its footprint into the Latin America and Caribbean regions.
Currently, InterContinental boasts several properties across 21
countries. The affluent middle class population and greater
footfall in the region caught the attention of this Zacks Rank #3
(Hold) company to grow further in fast-growing emerging markets
of Latin America and the Caribbean.
STARWOOD HOTELS (HOT): Free Stock Analysis
INTERCONTL HTLS (IHG): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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