TPG Construction earns The InterContinental Hotels Group 2007 Renovation Award for its Holiday Inn South Kingstown, Rhode Island
Providence, RI – Nov. 29, 2007 – Rhode Island based real estate developer/hotelier, The Procaccianti Group (TPG), has received the InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)] 2007 Renovation Award for its comprehensive renovation of the Holiday Inn South Kingstown, Rhode Island.
This prestigious award is given only to those hotels that merit special recognition for having successfully completed major modernization and renovation programs during the past year. The recipients of this award are judged to have significantly improved and updated the quality and image of their properties.
The award was presented at a special ceremony held during the Americas Investors & Leadership Conference in Dallas, October 22-24.
“I speak for the whole IHG Organization when I say that the hard work, dedication and commitment to excellence demonstrated by your hotel’s management & staff are much appreciated” said Steve Porter, president, the Americas, IHG.
More than 3,500 franchise owners, operators and company officials attended the 3 day IHG Americas Investors & Leadership Conference.
TPG Construction, a full-service general contracting design-build and construction management company, was responsible for the $3 million renovation. TPG Construction provides management oversight of project level construction, design and purchasing and executes renovations at hotel properties owned by The Procaccianti Group.
The extensive renovations to the Holiday Inn South Kingstown include upgrades to all 107 guest rooms and improvements to the exterior. The 2,100 square feet of meeting, banquet space and common areas were transformed. The Restaurant and Lounge were completely refurbished and reopened as Liliana’s Italian Restaurant.
With its proximity to the University of Rhode Island, beaches and South County, the newly renovated hotel will continue to be a terrific year-round destination.
About The Procaccianti Group (TPG)
The Procaccianti Group (TPG) is a second generation, privately held real estate investment company that specializes in acquisition, renovation and management of investment real estate. TPG has owned or developed more than 20 million square feet of real estate, valued at over $6 billion.
The Procaccianti Group currently owns 59 hotels totaling 15,568 guest rooms in 20 states and employs 8,000 from coast to coast with 200 professionals based at the corporate headquarters in Rhode Island. TPG is comprised of various companies engaged in hospitality management, mixed use development, design and construction, purchasing, property management, asset management and lending.
The Procaccianti Group is one of the top 5 privately held owner operators of hospitality assets in the United States.
For more information visit http://www.procgroup.com/.
About InterContinental Hotels Group
InterContinetal Hotels Group PLC of the United Kingdom [LON: IHG, NYSE: IHG (ADRs)] is the world’s largest hotel group by number of rooms. InterContinetal Hotels Group owns, manages, leases or franchises, through various subsidiaries, over 3,800 hotels and 570,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognized and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®, and also manages the world’s largest hotel loyalty program, Priority Club® Rewards.
InterContinental Hotel Groups offers information and online reservations for all its hotel brands at http://www.ichotelsgroup.com/ and information for the Priority Club Rewards program at http://www.priorityclub.com/.
Press contact: Celeste Edwards, InterContinental Hotels Group, 770-604-5415.
For the latest news from InterContinental Hotels Group, visit our online Press Office at www.ihgplc.com/media.
