Intercontinental Hotels plans to open a Presidente Intercontinental in Mexico City’s Santa Fe district and then another in Queretaro. Mexico’s Grupo Presidente holds the master franchise for the Inter-Continental brand in the country but Inter-Continental itself controls many brands, including Holiday Inn. Meanwhile, France’s Accor Hotel Group has announced plans to invest $80 million to build another dozen properties in Mexico, giving it a total of 25 by 2015.
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Jimm Budd
Reporting From Mexico City
Member of the Society of American Travel Writers
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