Hotel InterContinental
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| Industry | Hotels |
|---|---|
| Founded | April 4, 1946 |
| Headquarters | Denham, Buckinghamshire, United Kingdom |
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Number of locations
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180 hotels & resorts |
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Area served
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Global |
| Owner | InterContinental Hotels Group |
| Website | ihg |
InterContinental Hotels & Resorts has over 180 hotels, located in more than 60 countries across the globe. It was started in 1946 as a subsidiary of Pan American World Airways. Intercontinental became a major luxury hotel and resort brand.
In 1945, U.S. President Franklin D. Roosevelt and Juan Trippe, President of Pan Am, discussed their concern for Latin America’s need for development dollars at a White House breakfast. The two men thought that one way to attract businessmen and tourists would be to offer luxury hotels in key cities. Trippe, envisioning a rise in mass international air travel, agreed that Pan Am, with the support of institutions like the Export–Import Bank of the United States, could form a subsidiary to foster the implementation of the idea. The hotels would also serve to accommodate Pan Am crews and passengers in destinations where upscale hotels were not yet present. On April 3, 1946, Intercontinental Hotel Corporation was founded. Intercontinental Hotels purchased its first hotel that year, the Grande Hotel in Belém, Brazil. The chain soon grew to include numerous hotels throughout Latin America and the Caribbean.
Intercontinental Hotels opened its first property in the Middle East in 1961, the Phoenicia Intercontinental Beirut. The chain became one of the first to operate in Eastern Europe when it signed a contract to manage the Esplanade Zagreb Hotel in 1964. In 1972 the chain, by then renamed Inter-Continental Hotels, started a line of moderately priced hotels called Forum Hotels. The chain opened its first hotel in the United States in 1973, when it signed a contract to manage the Mark Hopkins Hotel in San Francisco. The chain formerly had a branch in Kabul, but pulled out following the Soviet intervention of Afghanistan in 1979. The hotel continues to operate to this day using the Inter-Continental name.
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Wikipedia