IHG Group to Invest in New Hotels in Portugal

The major news of the day fir the hotel sector is the debut of the IHG brand in Portugal. Staybridge Suites will open hotels in the city of Porto and Carcavelos.

With openings planned between 2022 and 2025, the InterContinental Hotels Group (IHG) plans to invest in five new hotels in Portugal, ECO newspaper reported, according to information published by the Portuguese news agency Lusa.

IHG plans to open two units in Porto and another three in Lisbon, Évora and Carcavelos (Cascais). The expected total investment was not announced.

IHG formally announced that its hotel brand, Staybridge Suites, will first inaugurate two hotels in Porto and Carcavelos. The group will move ahead with the Staybridge Suites Porto, Staybridge Suites Carcavelos, Holiday Inn Express Porto, Holiday Inn Express Évora and Six Senses Lisboa, the brand’s second brand in Portugal.

InterContinental Hotels Group estimates that the first two units will open in 2022, with the others planned for the following years, in 2023, 2024 and 2025.

It should be noted that this announcement came following IHG’s recent agreement with strategic partner JJW Hotels & Resorts to open three new properties in Portugal later this year.