“IHG Hotels & Resorts has more than 6,000 hotels in over 100 countries and we have expanded at pace around the world, introducing six brands in the past five years and taking our portfolio to 17. Iberostar Beachfront Resorts coming on board in IHG’s new Exclusive Partners category will add the 18th brand for IHG. Through this strategic alliance, Iberostar will retain 100% ownership, preserving its autonomy and values. As we continue to expand the footprint of our world-famous brands, we are always looking at exciting, sustainable growth opportunities in areas that can further enhance our offer for guests and owners. Guests have told us of their wish for increased choice of resort and all-inclusive destinations within our brand portfolio. We are delighted to address that by working with such a well-respected, experienced and like-minded partner as Iberostar, and to see more amazing hotels join our system that continues IHG’s growth in so many of the world’s most attractive markets and destinations.”