IHG Hotels & Resorts and NOVUM Hospitality sign agreement that doubles IHG's hotel presence in Germany, launches Holiday Inn - the niu collaboration, and debuts Garner and Candlewood Suites brands
The agreement with NOVUM Hospitality, one of
- Up to 108 NOVUM Hospitality otpen hotels (15,334 rooms) and 11 hotels under development (2,369 rooms) are expected to join IHG's system between 2024 and 2028. Conversion of the hotels to IHG's system will happen in phases beginning in 2024, with the majority to take place over the next 24 months. This will increase IHG's global system size by up to 1.9% over the coming years.
- A total of 52 open and pipeline hotels will join IHG through a distinctive collaboration between
Holiday Inn and the niu, NOVUM Hospitality's stylish, flagship upper midscale brand. This will combine the domestic presence of the niu withHoliday Inn's trusted reputation and global brand recognition to build a leading position in a key target market. NOVUM Hospitality's other brands, Yggotel, Select and Novum with 56 open and pipeline hotels will convert to IHG's new midscale conversion brand, Garner, and the acora Living the City brand with 11 open and pipeline hotels will convert to IHG's midscale extended stay brand, Candlewood Suites. - Under the agreement, IHG will receive franchise fees after the phased conversion of existing properties and upon the opening of the hotels under development. Additionally, standard assessments will be received into IHG's System Fund, including those to cover the operation of IHG One Rewards, and marketing and reservation services. IHG will contribute key money capital expenditure that will reflect the phased conversion and timing of openings of this major portfolio of hotels.
- The agreement includes an exclusivity arrangement for future NOVUM Hospitality hotels to join IHG's leading brands and enterprise system, with an ambition to jointly develop further hotels over time.
- The agreement has a term of 30 years and the option to renew for additional terms.
A total of 111 NOVUM Hospitality properties are in
IHG's growth in
NOVUM Hospitality will adopt IHG brands and systems for this entire portfolio, becoming one of IHG's largest franchisees globally, with access to IHG's powerful commercial engine and technology platforms to drive hotel performance, efficient hotel operations and customer experience.
"We are delighted to collaborate with such a respected group as NOVUM Hospitality and double IHG's presence in
We're excited to bring a modern, bold and dynamic experience to market with our Holiday Inn – the niu collaboration, which pairs our world-famous
David Etmenan, Chief Executive Officer and Owner, NOVUM Hospitality, commented:
"Partnering with IHG, one of the world's leading hotel companies, equips our family-run business with the firepower needed to fortify our market presence across
Beyond the strategic advantages, the alignment of our values and principles throughout the negotiation process with IHG underscores the compatibility of our alliance. We deeply value the respect and consideration accorded to our the niu brand and eagerly anticipate the promising future that lies ahead in our joint endeavours."
Further brand details:
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Holiday Inn is an award-winning icon, voted the most trusted hotel brand in US travel. Providing leisure guests, business travellers and families with great places to stay since 1952,Holiday Inn has over 1,200 hotels globally and a further 250 properties in its pipeline. -
Holiday Inn – the niu is a collaboration anchored in distinctive design and memorable hospitality. Already renowned for its commitment to neighbourly service and individually designed hotels inspired by their location, urban art and pop-culture, the niu is a fresh brand with a strong reputation. Combining it withHoliday Inn , alongside the award-winning IHG One Rewards loyalty programme and IHG's powerful enterprise platform, will further elevate the stay experience, grow market share by reaching new leisure and business guests, and accelerate expansion into new locations. - The first US Garner hotel opened in
Seattle in late 2023 within three months of the brand being franchise-ready, and it has since launched inJapan ,Mexico andCanada . With today's announcement, Garner is now franchise ready across IHG's Europe,Middle East ,Asia andAfrica (EMEAA) region. Garner is designed for travellers of all ages seeking a reliable, relaxed experience at an affordable price. It is becoming the leading choice for guests wanting great value stays at high–quality properties, and for owners seeking higher returns in the midscale space. IHG expects Garner to reach over 500 open hotels in the next 10 years and 1,000 hotels in the next 20 years in the US alone. -
Candlewood Suites is IHG's midscale extended stay brand, providing a casual and friendly environment with everything guests need to live, work and relax while away from home. For over 25 years, the brand has provided great value for guests, while also allowing owners to benefit from a highly efficient operating model. Candlewood Suites has a combined open and pipeline estate of over 520 hotels across the
Americas .
About
With a family of 19 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,300 open hotels in more than 100 countries, and a development pipeline of over 2,000 properties.
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- Suites: Atwell Suites, Staybridge Suites,
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About NOVUM Hospitality
With a distinguished portfolio of over 150 hotels (incl. secured pipeline), encompassing more than 20,000 rooms across 60 premier locations throughout
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