InterContinental Opens Canada's First Avid Hotel

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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