IHG (InterContinental Hotels Group), one of the world's leading hotel companies, and Greenland USA, a leading developer of residential and commercial properties, today announce the signing of the first Hotel Indigo^® hotel in the city of Los Angeles, California. The 350-room, 18-story Hotel Indigo Downtown Los Angeles will be the flagship hotel at Metropolis, a more than $1 billion mixed-use development which promises to redefine the Los Angeles streetscape, skyline and lifestyle. Currently under construction, Metropolis will also feature three residential towers and a curated retail experience. Metropolis is owned by Greenland USA (a subsidiary of Shanghai-based Greenland Group).

Elie Maalouf, Chief Executive Officer, The Americas, IHG commented: "Hotel Indigo^® continues to be a strong growth vehicle for IHG, and with 63 hotels open and a further 63 in the pipeline, there is excellent momentum for the brand on a global scale. We remain focused on building its presence in top-tier cities around the world and are delighted to be working with our trusted partners at Greenland USA on this iconic Downtown L.A. property. Greenland Group operates seven IHG-branded hotels in Greater China, and this marks the first time both companies have partnered together in the U.S., reinforcing IHG's reputation as the clear market leader in the boutique segment, the fastest growing segment in the industry."

I-Fei Chang, CEO, Greenland USA added: "We are pleased that Hotel Indigo^® Downtown Los Angeles will be part of Metropolis and the Greenland USA portfolio. Hotel Indigo is a well-respected and sought-after boutique brand that embodies the unique experience we intend to provide to those who visit Downtown Los Angeles. We have a long-standing relationship with IHG, who share in our vision and support for the revitalization of Downtown L.A. That was an important factor in our decision to select this distinctive and culturally relevant brand for the city."

Currently under construction, the hotel will be the eighth IHG-branded hotel for Greenland Group, with the other seven all located in Greater China including the HUALUXE^® Nanchang High Tech Zone hotel, located in Nanchang, the capital of the Jiangxi Province, which opened this month.

The Hotel Indigo Downtown Los Angeles hotel, set to open in winter of 2016, will be located at 899 Francisco Street in the heart of Downtown L.A., linking the Financial District to L.A. Live, the Nokia Theatre, the Staples Center and Los Angeles Convention Center. The hotel is easily accessible to the Los Angeles International Airport, Hollywood and Santa Monica Beach. Every Hotel Indigo property is uniquely designed to reflect the culture, character and history of its surrounding neighborhood. This Downtown Los Angeles location will have a unique neighborhood story that will be woven throughout the guest experience, from the seasonal and locally sourced food and drinks served in a stylish environment at the restaurant and bar, to the art, photography and architecture incorporated into the hotel's design. The neighborhood story will focus around several prominent narratives from Downtown L.A.'s past including Fiesta De Las Flores, the glamorous pre-Hollywood nightlife scene and the underground speakeasies of the roaring twenties.

Downtown Los Angeles is currently undergoing a major revitalization and residents are returning to the area to work, play and live. With the city's goal of adding hotel rooms within walking distance of the Los Angeles Convention Center by 2020, the Hotel Indigo Downtown Los Angeles is well positioned to support the economic growth of this world-class city while also helping to preserve the uniqueness of Downtown L.A.'s iconic past.

The Hotel Indigo Downtown Los Angeles is owned by Greenland LA Metropolis Hotel Development LLC, and will be managed by an affiliate of IHG. The hotel was designed by architecture firm Gensler, with the interior design led by Hirsch Bedner Associates/HBA Los Angeles.

The Hotel Indigo brand recently announced new properties signed in Denver, Colorado and Pittsburgh, Pennsylvania, as well as three new international signings including Bath, UK and two in Dubai, UAE.

About Metropolis

Metropolis is a more than $1 billion, 6.3 acre residential, retail and hospitality property in downtown Los Angeles. Located just two blocks from Staples Center and L.A. Live, Metropolis will span two full city blocks, and connect the financial and entertainment districts, while adding to the L.A. skyline and the vibrancy of the downtown scene. Metropolis will provide guests and residents alike with expansive views of the city, mountains and coastline, and offer a new standard for urban living. Phase I is slated for completion in Fall 2016; Phase II is slated for 2018.

About Greenland USA

Greenland USA is a leading developer of residential and commercial properties that both transform communities and exemplify modern living. Greenland USA couples its extensive international track record, commitment to design innovation, quality and efficiency, and its local market expertise to bring landmark properties to fruition. The company's strategic acquisitions, including the development of Metropolis in downtown Los Angeles and Pacific Park in New York City, exemplify its vision for properties that are amenity-rich, catalyze the local economies and foster the growth of the surrounding communities. Established in 2013, Greenland USA is a subsidiary of Greenland Group, which is ranked 268th among the Fortune 500 global enterprises. Founded in 1992, the Shanghai-based Greenland Group has formed a diversified industrial structure with a focus on energy, finance, and real estate. Greenland Group has developed properties in 26 provinces in China as well as in 13 cities in nine countries on four continents, including the US, Australia, Canada, the UK, Germany, Spain, South Korea, Thailand and Malaysia.

About IHG^®

IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.

With a family of 17 hotel brands and IHG Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in more than 100 countries, and a further 1,800 in the development pipeline.

• Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo
• Premium: voco Hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
• Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels
• Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites

InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales. Approximately 350,000 people work across IHG's hotels and corporate offices globally.

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