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IHG announces San Antonio's second hotel Indigo
Thursday, May 29, 2008

InterContinental Hotels Group announced that a second Hotel Indigo is coming to San Antonio. The 149-room all-suite property will open in early 2009 at the San Antonio Riverwalk, joining the 91-room Hotel Indigo San Antonio at The Alamo, scheduled to open this fall. The new hotel is a conversion of a Hawthorn Suites.

“We now have plans for Hotel Indigo properties at two of Texas’s top tourist destinations, The Alamo and the San Antonio Riverwalk,” said Jim Anhut, senior vice president, Franchise Development, the Americas, IHG. “The branded boutique style of Hotel Indigo will allow us to offer our guests at both properties the conveniences of a branded hotel and the service personality and style cachet of a boutique property, all wrapped into a completely unique design experience at each location.”
 
The hotel is owned by RW Hotel Associates, LP, and will be managed by Trans Inns Management, Inc., under a license agreement with a company in the InterContinental Hotels Group.

“Over the past 24 months Trans Inns Management has organized the acquisition of nine additional properties representing over $100 million of hotel assets, and we’re pleased to add Hotel Indigo to our portfolio.  We expect to acquire an equal amount of hotel properties in 2008, and are looking forward to opening this Hotel Indigo next year,” said Daniel J. Vosotas, President and CEO of Trans Inns Management, Inc.

The Hotel Indigo brand is quickly expanding throughout North America, with 15 locations open and more than 60 under development, either in the pipeline or in final negotiation.

Michael Verikios - Thursday, May 29, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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