InterContinental Hotels (IHG) has selected Interstar to develop ten hotels in Germany within four years.
Interstar is said to be the first time franchisee for the hotel group, and will develop hotels under Holiday Inn and Holiday Inn Express brands.
The multiple development agreement (MDA) is part of IHG’s strategy to expand presence in Germany where it currently has more than 85 hotels either open or planned under MDA agreements.
The ten new hotels will have a total of around 1,700 rooms.
Under the deal, the first property will be 288-room Holiday Inn Frankfurt – Airport, which is expected to be completed in the fourth quarter next year.
Located at Terminal 2 of Frankfurt International Airport, the hotel will complement Holiday Inn Frankfurt – Alte Oper, which opened earlier this week.
It will feature an Open Lobby with a unique approach to the in-hotel experience for guests, including front desk, lobby, restaurant, bar, lounge area and business centre.
A shuttle service will be available for guests to go between Holiday Inn Frankfurt – Airport and the airport’s terminals.
IHG Germany development associate vice-president Martin Bowen said: "We’re delighted to be signing our ninth MDA with first time franchisee partner Interstar.
"Our innovative approach demonstrates the flexibility with which we work with our owner partners in order to create a win-win situation for both parties."
In 2014, IHG signed 12 contracts with new and existing owner partners.
IHG franchises, leases, manages or owns more than 4,800 hotels in nearly 100 countries with more than 1,200 hotels in development.