InterContinental plans NYC expansion

While the InterContinental Hotels Group raised eyebrows this year when it announced its plans to open a 600-room hotel in Times Square this July, the company is poised to deposit even more rooms on New York City in the coming years, according to the Wall Street Journal. The U.K.-based company already operates 22 hotels in the city and plans to develop another 15 in the near future. Among the possible new hotels is a boutique operation in Midtown, a Crown Plaza outpost in Long Island City and a Holiday Inn in the Bronx. Jim Anhut, chief development officer with InterContinental, said that a confidence in the New York City market led his company to make the expansion plans. “You have to love the future prospects for the city because of historically how well it has done and its resilience to the whipsaws of the economy,” Anhut said. [WSJ]