InterContinental Hotels has entered into an agreement with Pro Invest Group to build 15 Holiday Inn Express hotels in Australia.
The first will open at Macquarie Park in North Ryde, Sydney mid next year, offering 190 rooms.
Pro Invest principal Ronald Barrott said a group of offshore investors have contributed to the $150 million fund to build the hotels.
The “efficient, modular design and no frills approach” enabled a faster build time than upscale or luxury hotels, he said.
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