International Hotel Investments plc - Investment in Global Hotel Alliance

On 3 April 2019, International Hotel Investments plc announced that its wholly-owned subsidiary Corinthia Hotels Limited concluded a strategic investment in Global Hotel Alliance (“GHA”) which, in turn, is the world’s largest alliance of independent hotel brands and operator of the award-winning, multi-brand loyalty programme ‘Discovery’. IHI noted that through this investment, it will be joining Omni Hotels, Kempinski Hotels, Minor Hotel Group, Pan Pacific Hotels Group, and technology giant Oracle in the GHA shareholding. Furthermore, IHI’s joint CEO Mr Simon Naudi will be sitting on the Board of Directors of GHA.