ATLANTA—IHG and Grupo Presidente, a Mexico-based hotel management and ownership company, are extending their current strategic agreement to grow the portfolio of IHG-branded hotels in Mexico.
Grupo Presidente also plans to continue ongoing renovations on a portion of its existing Presidente InterContinental hotels.
Since 1994, IHG and Grupo Presidente have assembled a portfolio of 11 hotels and resorts across the country under IHG’s InterContinental Hotels & Resorts and Holiday Inn brands.
IHG entered Mexico in 1970 when the first Holiday Inn opened in Acapulco. Now, there are 126 IHG hotels and nearly 20,000 rooms open, as well as 32 new hotels in the development pipeline.