Largest Hotel Co. (60.1% Gain in 15 Months)
Wins Another Award
10/16/2004
InterContinental Hotels Group (IHG), whose stock is up 60.1%
since we recommended the company in July 2003, won another
award, this time given by the editors of Global Finance Magazine.
For the second year in a row, IHG won for being the "best
hotel company" in Latin America. Excerpts from the company's
announcement follow.
MIAMI--(BUSINESS WIRE)--Oct. 14, 2004--Internationally
renowned Global Finance Magazine, who boasts readers in 158
countries, today selected InterContinental Hotels Group (IHG)
as "Best Hotel Company" in Latin America for the
second year in a row. Global Finance editors recognized InterContinental
Hotels Group in its seventh annual ranking of the 'best companies
in Latin America.'
"The list of winners in Latin America
in 2004 is almost identical to 2003," said publisher
Joseph Giarraputo. "This demonstrates that corporate
quality is not a passing attribute but often is an integral
part of a company's organizational DNA. The companies we ultimately
select possess the fundamental qualities necessary to attain
excellence."
Winners were chosen based on a specified
criteria, which included reviewing revenue and profitability
growth, market capitalization growth, social responsibility,
percentage of revenue and employees outside the home country,
technology or product breakthrough, merger and acquisition
success, crisis control and aggressiveness in market building.
"We are flattered to receive such strong
support from individuals that we consider to be our corporate
peers in Latin America," says Alvaro Diago, Area President
of InterContinental Hotels Group Latin America. "Our
roots are in Latin America, and we have been in the region
for an un-interrupted 58 years now. From the onset of the
company, our goal has been to meet, and exceed our guests'
expectations.
"We have worked to provide a broad
range of brands to our guests, and proudly continue to set
the standard of hospitality for today's traveler," adds
Diago.
InterContinental Hotels Group - whose brands
include InterContinental, Crowne Plaza, Holiday Inn, Holiday
Inn Select, Holiday Inn Express, Holiday Inn Sunspree and
Staybridge Suites hotels - continues reinforcing its position
as Latin America's leading hotel company through aggressive
expansion and the evolution of services and amenities specifically
focused on both Latin America travelers, and travelers to
Latin America. InterContinental Hotels Group has hotels in
almost every key financial center throughout Central and South
America.
Company Contact:
Kreps DeMaria, Coral Gables, Fla.
Veronica Villegas, 305-663-3543
vvillegas@krepspr.com
Source: InterContinental Hotels Group
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