Brigade Enterprises signs contract with InterContinental Hotels

Brigade Enterprises Ltd has informed that Brigade Hospitality Services Pvt Ltd, a lO0% subsidiary of the Company a Bangalore-based real estate Company focusing on the development of residential, commercial and hospitality properties has signed a management contract with InterContinental Hotels Group for a new Holiday Inn Hotel called Holiday Inn Bangalore International Airport. Earlier, Brigade Hospitality Services Pvt Ltd entered into a letter of intent on April 27, 2007 with IHG to manage a proposed hotel of approximately 250 Keys to be developed near the Devanahalli International Airport at Bangalore.

Holiday Inn Bangalore International Airport will be developed by Brigade Enterprises Ltd and will be managed by IHG. Well connected to the new international airport. Holiday Inn Bangalore International Airport will be laced with around 250 rooms along with restaurants, swimming pool and a gymnasium. The Holiday Inn Bangalore International Airport will be slated to accept bookings by the beginning of year 2010.

Mr. M R Jaishankar, CMD of the Company said, "We are glad to have partnered with Intercontinental Hotel Group to develop this hotel in the city of Bangalore. It has been our constant endeavor to provide high end hospitality service with trademark Brigade quality. Holiday Inn Bangalore International Airport hotel will be a welcome addition to Brigade Hospitality's portfolio that include hotels, resorts, clubs and serviced residences."