IHG announce return of Crowne Plaza Residences

THE Crowne Plaza Residences Port Moresby will be reentering the market in two months’ time.
The Intercontinental Hotel Groups (IHG) in a statement said that this follows the signing of an agreement between IHG and owners OPH Limited.
It said with construction nearing completion, the leading upscale hotel will reenter the market in July.
Abhijay Sandilya, IHG’s senior director for development Australasia, said: “The Crowne Plaza brand has a long and respected history in Papua New Guinea, so we are very excited to bring it back to Port Moresby, after a brief hiatus.
“The quality and location of Crowne Plaza Residences Port Moresby, along with the power of the IHG system, are likely to make it a market leader.
“In fact, we have already had strong interest in forward bookings by a number of blue chip corporate customers.” Sandilya said.
In recent years Port Moresby has been economically booming, with a substantial growth in construction of housing, office towers, shopping malls and commercial establishments.
Its waterfront area has been completely redeveloped with apartments, restaurants, shopping centres and sporting facilities were upgraded significantly for the 2015 South Pacific Games and the 2016 FIFA Under-20 Women’s World Cup.
A large convention centre was built and the Jacksons International Airport was redeveloped last year.
Nambawan Super Limited is the majority shareholder of OPH Limited.