InterContinental Hotels Group (IHG) has signed agreements for two new properties on Crete island in Greece, expanding its European portfolio. The new hotels include The Chania Hotel Crete, Vignette Collection and a Kimpton La Mer Crete.
Both properties are owned by the Gelasakis Group, marking a new partnership for IHG in the region. These additions will enhance IHG's luxury and lifestyle offerings in a key Mediterranean tourist destination.
The development of these new hotels contributes to IHG's robust development pipeline. Expanding its presence in popular travel markets is a core component of the company's asset-light growth strategy, driving future fee revenue.
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