Intercontinental plans a lot more Holidays

"There are seven Holiday Inn hotels and 20-25 Express by Holiday Inn hotels at stake. The total value of investments will amount to around EUR 270 (zł.1,046) million," said Ulrich Widmer, the director for development of Intercontinental Hotels Group in Central and Eastern Europe.

It is also possible that the group will build four- and five-star hotels under the Crowne Plaza brand. "We take Warsaw and Kraków into account. These types of hotels require a location in the very center of the city. We are also considering building hotels next to airports. Our only perspective is organic growth since it would be difficult for us to take over anyone in Poland," added Widmer. InterContinental Hotels Group currently owns two hotels, in Warsaw and Kraków, one in Gdańsk and one in Wrocław.