IHG Signs Agreement with GCP Hospitality for 14 Kyoto Hotels Totaling 1,063 Rooms
IHG has agreed a portfolio deal with GCP Hospitality, the hotel operating platform under Gaw Capital, covering 14 properties with 1,063 rooms in Kyoto. The portfolio includes 12 Garner Hotels, one Holiday Inn Express and one unbranded hotel. All properties will be upgraded, rebranded and opened in phases over the next 12 months. IHG described the transaction as one of the largest hotel portfolio conversion projects in Japan in recent years.
InterContinental Hotels Group (IHG) has announced a portfolio cooperation agreement with long-term partner GCP Hospitality, the hotel operating platform under Gaw Capital. The agreement covers 14 hotels with 1,063 rooms in Kyoto, comprising 12 Garner Hotels, one Holiday Inn Express and one unbranded hotel.
All properties will undergo renovation and will open in phases over the next 12 months following refurbishment and rebranding. The cooperation ranks among the larger hotel portfolio conversion projects in Japan in recent years, with the renovation work proceeding as planned.
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