IHG signs agreement with Shakir for the first Staybridge Suites in Central America

IHG, the world's largest hotel group by number of rooms, announced that it has signed a 15-year license agreement with Shakir Investment Group for a new-build Staybridge Suites hotel, scheduled to open in late 2012 in Panama City.

It will be the first Staybridge Suites property in Central America, and the second in Latin America.

There are more than 180 Staybridge Suites opened across the Americas, Europe and the Middle East.

Original source: BusinessWire (press release)