• Staybridge Suites for Central America

InterContinental Hotels Group has signed a 15-year licensing agreement with Shakir Investment Group for a new-build Staybridge Suites hotel, scheduled to open in late 2012 in Panama City, Panama.  

It will be the first Staybridge Suites property in Central America, and the second in Latin America, alongside a 215-room Staybridge Suites in Saõ Paulo, Brazil. Jim Anhut, chief development officer, the Americas, IHG, said: "As the Canal is being expanded, it is estimated that an influx of families of expatriated workers will need extended-stay housing in the city."

See the full release here:
http://www.ihgplc.com/index.asp?PageID=116&Year=2011&NewsID=2579

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