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Home > Franchises > InterContinental Hotels Group
InterContinental Hotels Group
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
InterContinental Hotels Group was founded in 1952. InterContinental Hotels Group of the United Kingdom is the world's biggest hotel group by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through different subsidiaries, over 3,650 hotels and 540,000 guest rooms in nearly 100 countries and territories around the world.
The Group owns a portfolio of well recognized and respected hotel brands including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts, Holiday Inn Express, Staybridge Suites, Candlewood Suites and Hotel Indigo, and also manages the world's biggest hotel loyalty programme, Priority Club Rewards with over 28 million members worldwide.
The company provides good services including quick service restaurant specializing in fried chicken. The costs and fees include total investment of $461900 to 832700, franchise fee is $15000, ongoing royalty fee is 4 percent, their term of agreement is 20 years, renewable, there renewal fee is $10000.
There ranking in Franchise 500 is 31 in 2006, 21 in 2005, 12 in 2004, 17 in 2003, 9 in 2002, ranked 1 in category in 2006, 2005, 2004, 2002, Fastest Growing Franchises ranks 44 in 2004, 71 in 2003, 17 in 2002, America's Top Global Franchises ranks 26 in 2006, 20 in 2005, 6 in 2004.
With over 3,600 hotels and over 537,000 rooms located in close to 100 countries, InterContinental Hotels Group maintains the expertise to ensure that guests are satisfied, while supporting investors on the apparent path to success. InterContinental Hotels Group is the world's leading hotel company, directing the expansion of some of the strongest and most recognized brands in the industry.
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