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IHG and Maplewood Hotels & Resorts to Develop 15 Candlewood Suites Hotels in Canada

Maplewood to Begin Canadian Development in 2014

Wednesday, April 02, 2014
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IHG
IHG
Hotel Brand Franchisor

InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)] and Maplewood Hotels & Resorts today announced plans to develop 15 new-build Candlewood Suites® properties in target markets throughout Canada over the next few years. Formed in 2013, Maplewood is a joint venture between Driftwood Hospitality Management and Pacrim Hospitality Services Inc.

“Driftwood is eager to continue our expansion in Canada through our strategic partnership with Pacrim,” said Carlos Rodriguez, EVP for Driftwood. “We’re also keen on strengthening our relationship with IHG, which is why the development of new Candlewood Suites hotels through Maplewood is a perfect fit.”

“We believe that the extended stay business model is largely under-represented in Canada, and our agreement with IHG presents a significant opportunity to introduce extended stay properties across the country,” stated Glenn Squires, CEO of Pacrim.

In 2007, Pacrim opened the first Candlewood Suites hotel for Canada in Montreal and currently owns or operates 11 IHG®-branded hotels in Canada and two in the United States. Driftwood has 12 IHG-branded hotels in its portfolio, through management and franchise agreements with affiliates of IHG, across the United States in markets including Chicago, Denver and Orlando.

"Canada is a key market for growth for IHG," said Joel Eisemann, Chief Development Officer, IHG. "Both Pacrim and Driftwood are long-time strategic partners for us in Canada and the U.S. They are proven industry leaders. We are proud that they already own and operate a number of IHG-branded hotels. We are excited that the Candlewood Suites brand and IHG are an integral part of Pacrim's and Driftwood's growth plans in Canada."

IHG continues to expand the portfolio of Candlewood Suites hotels in Canada through this relationship and other valued owners.

Candlewood Suites hotels offer travelers, who spend weeks and sometimes months away from home, a relaxed, casual and home-like hotel experience. The brand achieves this by providing a comfortable space guests can make their own and through friendly, but non-intrusive service that offers guests an extended stay experience entirely on their terms.

All Candlewood Suites hotels feature a combination of studio and one-bedroom suite floor plans with a fully equipped kitchen, executive desk, DVD player, recliner in all suites and sofa bed in one-bedroom suites as well as complimentary high-speed Internet access.

The Candlewood Suites brand is part of the IHG family of brands. IHG is one of the world’s leading hotel companies, with a rich heritage and broad portfolio of nine hotel brands with 4,700 hotels in nearly 100 countries and territories. The scale and diversity of the IHG estate means that our hotels can meet our guests’ needs whatever the occasion. All Candlewood Suites hotels participate in IHG’s hotel loyalty program, IHG® Rewards Club. The industry’s fast-growing hotel loyalty program with 77 million members is free, and guests can enroll at IHGRewardsClub.com, by downloading the IHG® app, by calling 1-888-211-9874 or by inquiring at the front desk of any of IHG’s hotels worldwide.

For more information about Driftwood Hospitality Management, and to stay up-to-date on the latest news, visit TheDriftwoodDifference.com or follow Driftwood on Facebook, Twitter and LinkedIn. For more information on Pacrim Hospitality Services, visit PacrimHospitality.com.

About Driftwood Hospitality Management
Based in North Palm Beach, Fla., Driftwood Hospitality Management, LLC is a leader in providing solutions-based services for the domestic and international hotel industry. Guided by The Driftwood Difference- Flexibility, Diversity, Integrity, Accessibility, Originality, the company cover the full speed of lodging business needs. From full-service, upscale and upper-upscale hotels to mid-size extended stay, select and limited-service properties, Driftwood’s portfolio represents virtually every segment of the hospitality industry. Focused on strategic acquisition, development, third-party management, asset management and receivership, Driftwood has extensive management experience and relationships with most major brands, including Starwood Hotels & Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group Inc., Carlson, Choice Hotels International, Inc. and Wyndham Worldwide. With offices in Costa Rica, Scottsdale, Ariz. and Miami, Fla., the company and its hotels have received more than 20 industry awards in the past three years.

About Pacrim Hospitality Services Inc.
Pacrim Hospitality Services Inc. is one of Canada's largest, privately-owned hotel management and development companies with a portfolio of 41 hotels throughout Canada and the United States totaling 4,296 hotel rooms and suites. Formed in 1997, Pacrim has a wealth of expertise to offer clients such as acquisition and disposition support, concept design, development, centralized Accounting and Purchasing, e-marketing as well as property and asset management services. Pacrim’s team has acquired, sold, developed and managed over 100 multi-branded hotels within Canada and the United States. Pacrim is the winner of the 2008 Pinnacle Award as Canada's Hotel Company of the Year and the 2009 TIAC National Award for Tourism Excellence as Business of the Year - Multiple Unit. Pacrim’s portfolio of hotels have received numerous industry and community awards. Pacrim is headquartered in Bedford, Nova Scotia.

About Candlewood Suites® Hotels
Candlewood Suites® hotels provide a relaxed casual and home-like experience for extended stay travelers. The brand has more than 312 properties located throughout North America with an additional 80 in the pipeline. At Candlewood Suites hotels, guests find spacious studio and one-bedroom suites each with its own fully equipped kitchen, executive desk, DVD player and recliner and/or sofa bed. The Candlewood Gym and free Guest Laundry are open around the clock, and guests can take advantage of the 24-hour Candlewood Cupboard®, where they will find breakfast items, snacks, refreshments, entrées and necessities available on the honor system. Guests can borrow items they may need during their extended visit, including a desk fan, extra lighting, larger kitchen appliances and more, from the new Lending Locker. Candlewood Suites hotels offer guests all of this at a very comfortable price.

The Candlewood Suites brand was named Best Midscale Hotel Brand in the Americas by the Market Metrix Hospitality Index (MMHI) for Q2, Q3 and Q4 2013. For more information about the brand or to book a reservation, visit www.ihg.com/CandlewoodSuites or call 1-888-CANDLEWOOD. Find Candlewood Suites hotels on Twitter http://www.twitter.com/Candlewood or Facebook www.Facebook.com/CandlewoodSuites.

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organization with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVEN™ Hotels and HUALUXE™ Hotels & Resorts.

IHG manages IHG® Rewards Club, the world’s first and largest hotel loyalty program with over 77 million members worldwide. The program was relaunched in July 2013, offering enhanced benefits for members including free internet across all hotels, globally.

IHG franchises, leases, manages or owns 4,700 hotels and 687,000 guest rooms in nearly 100 countries and territories. With more than 1,100 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.

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