IHG Hotels & Resorts continues Nordic expansion with first property in Iceland ...Middle East

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IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, announces its first signing in Iceland for its midscale long stay brand Candlewood Suites, by IHG. Signed as part of an agreement with ALVA Capital, IHG will look to develop up to 500 rooms in the city or wider Iceland over the next three to five years introducing some of IHG’s leading brands, including Holiday Inn Express and Garner hotels, to the Nordics. Expected to open in the near future, the landmark signing in Reykjavik joins 13 open and pipeline properties in the Nordics, including the re-entry of IHG in Sweden last year with the opening of voco Stockholm - Kista, Crowne Plaza Copenhagen Towers in Denmark and the Hotel Indigo Helsinki in Finland. Iceland presents a compelling next step in IHG’s regional footprint as the country has seen a dramatic surge in tourism over the last decade. Thanks to a unique blend of natural wonders and urban appeal, the country is now welcoming approximately 2.3 million inter...

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