• IHG backs Pro-invest

Australian hotel developer Pro-invest Group has received an unspecified investment from IHG into its Australian Hospitality Opportunity Fund, enabling its first closing. Using the AUD150m fund, Pro-invest is building up to 15 Holiday Inn Express properties across Australia.

Pro-invest will open the Holiday Inn Express Sydney next year, with a hotel in Brisbane launching in 2016. The company is currently negotiating on further development sites.
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