IHG Strikes Deal For $80M Holiday Inn Near Barclays Center

Law360, New York (October 21, 2013, 4:54 PM EDT) -- InterContinental Hotels Group PLC has strengthened its presence in New York, striking a new partnership with developer 300 Schermerhorn Realty LLC to put its Holiday Inn flag on a new $80 million hotel that is being developed near Brooklyn's Barclays Center, according to a Friday statement.

The 15-story hotel, dubbed Holiday Inn Brooklyn Nevins Station, will be franchised by an IHG affiliate and continue to be owned by the developer. It will also be managed by New York Hotel Management LLC, according to a statement. Terms...
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