Holiday Inn Madrid Calle Alcala will open in April 2013, following a conversion from a Velada hotel and will operate under a franchise agreement with Rentas Hoteleras Socimi SA.

The 261 room hotel will feature 17 meeting rooms varying from 50m² to 1350m² in size, as well as a restaurant and bar area. The hotel's central location is ideal for business and leisure travellers alike, with easy connections to both the city centre and airport.

IHG's Director of Development for Spain and Portugal, Hylko Versteeg, said the signing of the Holiday Inn Madrid Calle Alcala built Holiday Inn's presence throughout Spain, and strengthened the brand's presence in Madrid.

"We have 29* Holiday Inn brand family hotels (Holiday Inn and Holiday Inn Express) in Spain. Holiday Inn hotels are specifically designed for business and family oriented leisure travellers in need of a full-service lodging experience. Holiday Inn celebrated its 60^th anniversary this year, and it is the largest and most recognised hotel brand in the world with over 434, 357 rooms in 100 different countries.  Every year 100 million people stay at a Holiday Inn brand family hotel around the world - they know they can expect a consistent, refreshed experience wherever they are."

Owner and Managing Director Velada Hoteles Alvaro Ventero said he was pleased to have signed the agreement with IHG.

"Holiday Inn is an iconic hotel brand known throughout the world, and has always represented quality and comfort. We're looking forward to showing guests at the Holiday Inn Madrid Calle Alcala the very best of the Holiday Inn experience. "

IHG has 34 hotels* (4,257 rooms) open in Spain, with another 3 in the pipeline* that will open in the next 3 to 5 years.

All Holiday Inn hotels participate in IHG's guest loyalty programme, Priority Club Rewards, the industry's first and largest guest loyalty programme with 69 million members worldwide.