Thursday, September 27, 2007

Intercontinental Hotel Cannery Row Monterey

Intercontinental Hotels & Resorts Expands Resort And West Coast Portfolio With Intercontinental The Clement Monterey
9/27/2007 3:23:12 PM
IHG [LON: IHG; NYSE: IHG (ADRs)], the owner of the InterContinental Hotels & Resorts brand, today announced the signing of InterContinental The Clement Monterey in California. The 208-room property is owned by Cannery Row Hotel Development Venture, L.P., under a license agreement with a company in the InterContinental Hotels Group.

The hotel will be managed by Pacific Hotel Management, LLC and is currently under construction with a scheduled opening in the second quarter of 2008. Located at 750 Cannery Row, Monterey, Calif., InterContinental The Clement Monterey, the first new hotel to be built on Monterey Bay in more than twenty years, is beautifully positioned overlooking the water along the scenic Northern California Coast.

“InterContinental The Clement Monterey adds to our growing presence on the West Coast and further strengthens the brand’s resort portfolio,” said Steve Porter, president, the Americas, IHG. “Monterey is a beautiful destination and its history and charm are an attraction for leisure, group and business clientele.”

Conveniently located next to the Monterey Bay Aquarium, one of the largest and most respected aquariums in the world, InterContinental The Clement Monterey is in the heart of the street immortalized by John Steinbeck’s 1945 novel Cannery Row. Comprised of three buildings, the hotel will maintain the architectural integrity of this spectacular coastal community through contemporary craftsman-style detailing. Guests can take advantage of the stunning views of the harbor seals and natural habitat of the bay from the courtyard, balconies and boardwalk.

The hotel will feature 8,500 square feet of indoor meeting space, approximately 5,000 square feet of outdoor event space overlooking Monterey Bay, a grand fireplace in the lobby, a signature restaurant and bar, a luxury spa and a fitness center with an outdoor lap pool.

InterContinental The Clement Monterey is the fifth hotel in the western United States, joining the landmark InterContinental Mark Hopkins San Francisco, InterContinental Los Angeles Century City, InterContinental San Francisco (opening January 2008) and InterContinental Montelucia Resort & Spa Paradise Valley (opening Summer 2008). The brand continues its global expansion with the opening of its 150th hotel, InterContinental Dubai Festival City, followed by InterContinental Hanoi Westlake, the the brand’s first hotel in Vietnam, and Grand Hôtel InterContinental Stockholm joining the portfolio on January 1, 2008.

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