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InterContinental Hotels (IHG) unveils its Hualuxe Chinese luxury hotel brand, and says it...

InterContinental Hotels (IHG) unveils its Hualuxe Chinese luxury hotel brand, and says it expects the hotels to exist in at least 100 Chinese cities within 15-20 years. InterContinental has already struck preliminary deals with developers to build 20 franchises, with the first one expected to open in late 2013 or early 2014. The company already operates 160 hotels in China under its Western brands.
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