INTERCONTINENTAL HOTELS GROUP TO MANAGE HOTEL IN DOWNTOWN AUSTIN

AUSTIN, TEXAS — InterContinental Hotels Group will manage a dual-branded Hotel Indigo and Holiday Inn Express hotel in downtown Austin. JCI Cos. is developing the hotel, which will feature 134 Hotel Indigo rooms and 171 Holiday Inn Express rooms. The dual-branded model allows for operating efficiencies, where guests typically share the same building structure or services, such as fitness centers, pools and food and beverage facilities. Some back-of-the-house operations may also be shared or separate. The hotel is expected to open by the end of 2016.