The InterContinental Hotels Group has announced its plans to open an InterContinental in Rome in 2022, reiterating confidence in the Italian tourism industry amidst the ongoing pandemic.
The luxury hotel will be set on the iconic Via Veneto, in the Ludovisi area of the city, close to the Villa Borghese. The existing property of 160 rooms and suites, a restaurant, bar, spa and public areas, will be restored to create a sense of discreet, modern luxury for visitors and locals alike.
Designed in the early 1900s by architect Carlo Busiri Vici in the neo-renaissance style, the palazzo building was originally home to ambassadors staying in Rome and was converted into a hotel in 1993. The hotel is located within walking distance of the Galleria Borghese, the Spanish Steps and the Trevi Fountain.
IHG has signed a franchise agreement with Westmont Hospitality Group and the funds will be managed by Oaktree Capital Management, L.P.
Willemijn Geels, Vice President of Development, Europe, IHG, commented: “The signing of an InterContinental in Rome represents an important moment in the growth of our luxury portfolio and brand presence across Europe. In these challenging and unprecedented times, this signing shows the continued trust our owners and partners place in IHG and our brands. We are delighted to partner with Oaktree Capital and Westmont Hospitality Group and look forward to offering InterContinental guests a rich and unforgettable experience in the Eternal City.”
IHG currently has 34 iconic InterContinental properties in Europe, including InterContinental London – Park Lane, InterContinental Paris – Le Grand and InterContinental Berlin, many of which are undergoing multi-million-euro refurbishment programmes.
This announcement comes weeks after the signing of the Six Senses Rome, which is set to open in late 2021. IHG currently has 44 luxury hotels in Europe with another 17 luxury hotels in the pipeline to open in the next 3-5 years.
Earlier this year, IHG signed deals to open InterContinental Khao Yai Swan Lake Resort and InterContinental Chiang Mai Mae Ping Hotel in Thailand as well as Regent Shanghai Pudong.