- Group will open approximately 4,000 guest rooms on the resort site, operating under IHG’s leading global hotel brands
London Resort Company Holdings (“LRCH”) today announced that the company has reached a Heads of Terms agreement with IHG (InterContinental Hotels Group), one of the world’s leading hotel companies, to operate up to 4,000 guest rooms across a series of managed hotels that will form part of the planned Entertainment Resort in North Kent.
The Heads of Terms signed between LRCH and IHG, underlines both parties’ commitment to a long-term partnership. Developed in phases, the hotels will open under a number of IHG’s brands from the company’s limited service, midscale and upscale brand stable.
British company LRCH is the developer behind the planned Entertainment Resort on the Swanscombe Peninsula in North Kent. IHG has nearly 5,200 (767,000 rooms) hotels around the world, and owns some of the world’s most well-known and well-loved hotel brands, including Holiday Inn®, Holiday Inn Express®, Crowne Plaza® and Staybridge Suites®.The company currently has 320 (45,486 rooms) hotels open in the UK, with another 30 (4,893 rooms) in the development pipeline.
The latest plans for the Entertainment Resort, of which the Heads of Terms form a part, will go on public display in autumn this year, before a Development Consent Order is submitted to the Secretary of State. A management agreement is due to be signed during a later stage in the resort development process, prior to the Resort, and the hotels, opening in 2022.
Humphrey Percy, CEO of LRCH, said:
“This Head of Terms agreement with IHG is a key piece in our jigsaw puzzle of infrastructure operations which sets an important standard for the resort. This arrangement is a further example of our commitment to creating a truly global destination and entertainment resort in, and for, the UK.”