InterGlobe Hotels‚ the India joint venture of Accor and InterGlobe Enterprises‚ today announced a significant expansion of its ibis hotel network across India. InterGlobe Hotels was established in mid-2004 as a joint venture between InterGlobe and Accor (60:40)‚ to develop a network of 25 ibis hotels with 3‚000 rooms across India over a period of 12 years. The venture today announced that it has 19 hotels with 3‚600 rooms committed. This portfolio will have a total asset value‚ inclusive of land of approximately Rs.1478Cr (US $317MN) on the completion of the hotels.

ibis hotels in India currently committed are located across 12 cities – New Delhi‚ Gurgaon‚ Mumbai‚ Bangalore‚ Chennai‚ Pune‚ Ahmedabad‚‚ Hyderabad‚ Jaipur‚ Nashik‚ Coimbatore‚ Kochi. With an average size of 190 keys (the largest being 465 keys)‚ 12 of these hotels are concentrated in Tier I cities‚ while seven are located in Tier II cities‚ as the group selectively ventures into cities showing significant economic growth. Two hotels are open‚ one more will open this year‚ and seven hotels will open in 2011.

Immediate target cities identified for development are Mumbai‚ Hyderabad‚ Kolkata‚ NOIDA‚ Chandigarh‚ Nagpur‚ Bhubaneshwar‚ Vadodara and Goa. A further six hotels are expected to be committed over the next 12-month period‚ and the venture has ambitions to add 4-6 ibis hotels to its portfolio every year going forward.

ibis hotels in India and in more than 45 countries across 5 continents provide quality‚ consistent accommodations at an affordable price and backed by a '15-minute satisfaction guarantee'. ibis hotels are always well located for business and leisure travelers‚ and feature modern and ergonomic bedrooms‚ 24-hour services‚ and well-priced food and beverage offers tailored for the market. Such value for consumers is made possible by a highly efficient design and operational processes that have been perfected in over 860 hotels and 100‚000 rooms in almost 45 countries globally.

The first ibis launched in India in 2008‚ ibis Gurgaon‚ is already a market leader in its segment‚ and was judged the best Economy / Midscale hotel in India in 2009. Uttam Dave‚ President &amp CEO of InterGlobe Hotels‚ said ‘We are very pleased with the progress we are making. Our decision to ramp up development is based on the rapid economic growth that we are seeing across the country‚ combined with the acute shortage of quality hotel accommodation at a value for money prices. We believe our ibis hotels in India are exactly what both domestic and international travelers need and want most while traveling in India.

All ibis hotels in India make a strong commitment to responsible and sustainable development. The ibis Gurgaon has already achieved the ISO 14001 certification and all future hotels will make a similar commitment to the environment.

ibis‚ the worldwide economy hotel brand of the Accor group‚ offers consistent quality accommodation and services in all its hotels‚ for the best local value: a well-designed and fully-equipped en-suite bedroom‚ major hotel services available 24/7 and a wide choice of on-site food and beverage options. The quality of the ibis standard has been recognised by the International Organization for Standardization certification ISO 9001 since 1997. ibis is also the worlds first hotel chain to demonstrate its environmental commitment through securing the ISO 14001 certification‚ which has already been awarded to nearly one third of its hotels. Established in 1974‚ ibis is the European leader and one of the first economy hotel chains in the world‚ with nearly 100‚000 rooms and 861 hotels in 45 countries. For additional information‚ please visit www.ibishotel.com

Accor‚ the worlds leading hotel operator and market leader in Europe‚ is present in 90 countries with 4‚111 hotels and close to 500‚000 rooms. Accors broad portfolio of hotel brands - Sofitel‚ Pullman‚ MGallery‚ Novotel‚ Suite Novotel‚ Mercure‚ Adagio‚ ibis‚ all seasons‚ Etap Hotel‚ Formule 1‚ hotelF1 and Motel 6‚ and its related activities‚Thalassa sea &amp spa and Len&#244tre - provide an extensive offer from luxury to budget. With 145‚000 employees worldwide‚ the Group offers to its clients and partners nearly 45 years of know-how and expertise. InterGlobe Enterprises manages a corporate portfolio of business and consumer brands encompassing a broad range of sectors and markets. These include aviation‚ technology‚ travel and hospitality. The companys vision is to create‚ operate and represent brands that have genuine resonance and meaning. Established in 1989‚ with headquarters in Gurgaon‚ today InterGlobe has a network of 52 offices across 23 cities in India and operations in more than 13 countries. InterGlobe employs more than 7500 professionals across its businesses which include IndiGo (InterGlobe Aviation)‚ InterGlobe Technologies‚ InterGlobe Air Transport‚ InterGlobe Technology Quotient‚ InterGlobe Hotels and InterGlobe General Aviation.

InterGlobe Hotels is the development joint venture between Accor and InterGlobe Enterprises for ibis hotels in India‚ Bangladesh‚ Nepal and Sri Lanka‚ established in 2004. It has 2 hotels open‚ 17 hotels under development‚ and will open 8 ibis hotels with 1590 rooms over the next 12 months.