The FINANCIAL -- InterContinental Hotels Group (IHG) on May 5 announces the development of a new InterContinental Hotels & Resorts property in San Diego by Lankford-Phelps-Portman (LPP), a development partnership. Set to open in 2018, the 400-room hotel will be part of a multi-phase mixed-use development, known as BRIC, on the former site of Lane Field in the North Embarcadero area of downtown San Diego.
Joel Eisemann, Chief Development Officer, The Americas, IHG said: “We are extremely pleased to be growing the InterContinental Hotels & Resorts portfolio on the West Coast with the addition of this outstanding hotel in San Diego. We also look forward to continuing to work with Portman, which has an impressive track record of developing and owning great hotels.”
The InterContinental San Diego hotel will be owned by LPP and managed by IHG. Portman, the managing partner of LPP, also owns the recently-opened Hotel Indigo Atlanta Downtown hotel and a second Hotel Indigo hotel, set to open in early 2017 in the Lower Downtown (LoDo) area of Denver near the historic Union Station.
At 18 stories tall, the new property will feature a signature InterContinental Club Lounge, restaurant and lounge, fitness center and spa. The hotel will offer 21 suites and 23,000 square feet of meeting space. There will be a significant amount of outdoor space for guests to take advantage of the beautiful San Diego weather, including a rooftop bar and outdoor pool overlooking the bay. Located just a quarter mile from the historic Gaslamp Quarter, the property will provide guests access to the most beautiful and exciting offerings of the expanding downtown San Diego districts, including the world-renowned San Diego Zoo, Balboa Park and breathtaking beaches, according to IHG.
Ambrish Baisiwala, CEO, Portman Holdings, said: “The BRIC development will be a significant addition to San Diego’s North Embarcadero area and we’re so glad, along with our partners Lankford and Phelps, to be working with IHG to bring an InterContinental to the second phase of this project. This will be the first new full-service hotel—with meeting space and other amenities—on the waterfront for some time, and InterContinental is the ideal brand for this development."
This year marks the 70th anniversary of the InterContinental Hotels & Resorts brand, which is now twice the size of any competing luxury hotel brand globally. In January 2016, the landmark InterContinental London - The O2 hotel opened, and the InterContinental New York Barclay hotel recently reopened following an extensive renovation. There are two InterContinental properties currently under development in the U.S., in downtown Los Angeles and on the southwest waterfront in Washington, D.C. With more than 180 hotels open worldwide and more than 50 in the global development pipeline, IHG continues to expand the brand’s portfolio in the most sought-after destinations around the world.