IHG Signs Deal to Add 14 Hotels in Kyoto, Partnering with GCP Hospitality for Portfolio Conversion
🏨 This week, IHG Hotels & Resorts signed a deal to add 14 hotels in Kyoto, Japan, including 12 Garner hotels, a Holiday Inn Express, and one unbranded hotel in collaboration with GCP Hospitality. GCP Hospitality will manage these hotels. Conversion brands, like Garner, are highly sought, representing 34% of Marriott's signings and 40% of openings this year, while Wyndham's conversion share increased from 44% to 63% since 2019.
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