InterContinental Opens Canada's First Avid Hotel - InterContinental Hotels (NYSE:IHG)

InterContinental Hotels Group PLC IHG has opened its first Canadian avid hotels property in Vaughan, Ontario.
Operating under the ownership of PI Cap, the avid hotel Toronto – Vaughan Southwest is the first to open four planned properties across Canada for IHG's newest Essentials brand.
The avid hotel Toronto – Vaughan Southwest introduces the brand's "basics done exceptionally well – at a fair price" promise to regional business and leisure travelers.
Guests additionally can enjoy grab-and-go options and fresh bean-to-cup coffee from avid hotels' breakfast bar.
"With more than 180 hotels currently open across the nation, and more than 40 in the pipeline, Canada remains one of IHG's fastest-growing markets," said Jonathan Lund, Regional VP, Canada Franchise Performance Support at IHG Hotels & Resorts.
Avid hotels, started in 2018, plans to expand its Canadian presence with forthcoming properties in Woodstock and Belleville, Ontario, and Lethbridge, Alberta.
Price Action: IHG shares are trading lower by 1.35% at $61.38 on the last check Monday.
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