avidª hotels now available for franchising in Mexico

IHG^¨Ê(InterContinental Hotels Group), one of the world’s leading hotel companies, today announces thatÊavidª hotels, its new high-quality midscale brand, is now available for franchising in Mexico. The launch of the brand in Mexico closely follows the introduction ofÊavid hotelsÊin the U.S. and Canada last fall, where the company has already signed 75 franchise agreements. This milestone further demonstrates the brand’s rapid start and growth potential.

Jorge Apaez, Chief Operating Officer, Mexico, Latin America & the Caribbean, IHG, said:ÊÒOn the heels of IHG’s successful introduction of Staybridge Suites^¨Êand Candlewood Suites^¨Êin Mexico, launchingÊavid hotelsÊreinforces IHG’s leadership position in this market. The company currently has 140 hotels open in Mexico and an additional 31 in the pipeline, and with the launch ofÊavid hotels, IHG is further demonstrating its commitment to continued growth in Mexico alongside our franchisees.Ó

Extensive research went into the development ofÊavid hotels, and as a result, the brand has been thoughtfully designed for travelers who want a hotel stay that meets their expectations for the type of hospitality they value most Ð the basics done exceptionally well Ð at a price point expected to be about 10-15 percent less than IHG’s industry-leading Holiday Inn Express^¨Êbrand.

Brand features include:

• The modern exterior hotel design includes an open and airy retail-like entry, a canopy and uses the stairwell as an eye-catching red architectural feature. On the inside, guests will find vibrant, open public and work areas and inviting communal spaces that allow guests to relax, work, connect or eat. Hotels will offer a complimentary grab-and-go breakfast and marketplace options for guests on the go.
• Guest rooms are constructed with sound reducing features for a superior night’s sleep, and the bathroom experience re-energizes guests with a fresh and bright design. Each guest room will also offer a dedicated workspace and ample open, easy-to-use storage, as well as innovative in-room entertainment options that allow guests to cast content from their smart devices to in-room televisions.
• Hotels will be equipped with IHG^¨ÊConnect Wi-Fi featuring the fastest speed in the industry and the ability for loyalty members to be automatically connected for all future visits. Hotels will also leverage IHG’s state-of-the-art, cloud-based next-generation reservation system, and guests will benefit from the power of IHG^¨ÊRewards Club atÊavid hotels.
• TheÊavid hotelsÊlogo features the brand’s colours of confident red and refreshing aqua and a signature checkmark, which was designed to act as a stamp of assurance thatÊavid hotelsÊwill deliver an unrivalled experience. This brand is the first to launch using IHG’s master brand mark Ð An IHG Hotel Ð in communications and building signage, underlining its strength as part of one of the world’s leading hotel companies.

German Ongay, Regional Vice President, Franchise Sales & Development, Mexico IHG, added:ÒSince IHG announced this new brand last fall, we have heard from many franchisees across Mexico who are excited to add anÊavid hotelsÊproperty to their portfolio. IHG has a trusted record of delivering what our guests want, and there is no doubt that theÊavid hotelsÊbrand will provide a superb guest experience at a great value. We are excited to introduce this new brand to the Mexican market.Ó

In addition to creating the brand to meet guests’ needs, its design and operating model was developed in collaboration with an owner advisory board, ensuring thatÊavid hotelsÊare efficient to build, operate and maintain. AllÊavid hotelsÊwill be designed for new build construction on an average lot size of approximately 6,400 square meters and will be built with an environmentally friendly and efficient design. The firstÊavid hotelsÊproperty, located in Oklahoma, began construction just eight weeks after the brand was launched in the U.S. and is anticipated to open in Q3 2018, months ahead of original projections.

The franchise fee for the brand will be five percent of gross rooms revenue, and allÊavid hotelsÊfranchise agreements for Mexico executed before Sept. 30, 2018, will be eligible for a two-point franchise fee discount in year one and a one-point franchise fee discount in year two. This incentive can only be earned if the hotel opens by Sept. 30, 2020.