IHG to Reintroduce InterContinental Brand to Prague’s Historic Old Town in 2029

IHG Hotels and Resorts has announced the signing of InterContinental Prague, marking the anticipated return of the world’s largest luxury hotel brand to the Czech capital. The 137-key property is scheduled to open in the first half of 2029 and will join two existing IHG hotels in the city: Holiday Inn Prague Congress Centre and Holiday Inn Prague Airport.

The new InterContinental Prague will be housed in the historic building at Jeruzalemska 8, Prague 1, part of the European real estate portfolio managed by Generali Real Estate. The landmark structure, dating back to 1839, has served various purposes, including a dance hall, theatre, and most recently, office space. Generali Real Estate will lead the extensive renovation project that will transform the building into a luxury hotel.

Located in Prague’s Old Town, the hotel will offer convenient access to the main railway station and excellent public transport links. Its central setting places guests within walking distance of major attractions, including Charles Bridge, Old Town Square, and the Prague Astronomical Clock.

InterContinental Prague will feature a luxury spa with a wellness area and pool, a bar, restaurant, and the brand’s signature Club InterContinental lounge. A private garden will offer a tranquil retreat for guests and local residents. The property will also include conference facilities and proximity to key corporate offices, catering to business travellers.

Willemijn Geels, Vice President, Development, Europe, IHG Hotels and Resorts, said, “We are honoured to begin our partnership with Generali Real Estate through this landmark signing in Prague, marking the return of our iconic InterContinental brand to the Czech Republic.

The milestone not only represents a key moment in our Central and Eastern European development strategy, but also further strengthens IHG’s luxury and lifestyle portfolio in Europe, complementing our existing 34 hotels across these markets.

Together with Generali Real Estate, we are taking a pivotal step toward delivering an unparalleled InterContinental experience in the vibrant heart of Prague, setting new standards of luxury and hospitality and creating a destination that will captivate guests when it opens in 2029.”

Ramon Spoladore, Head of CEE and Nordics, Generali Real Estate, said, “We are delighted that our first collaboration with IHG Hotels and Resorts will see us reimagine one of Prague’s most historical buildings into an InterContinental hotel, one of the most prestigious hospitality brands in the world. Together, we are committed to restoring and giving new life to an extraordinary asset.

Prague is one of Europe’s most iconic cities and consistently ranks as one of Europe’s top tourist destinations, known for its rich history, vibrant cultural scene, safety, and high-end lifestyle. Driven by the growth of the hospitality business, the city’s real estate market is experiencing significant expansion. We are proud to become the new home of the InterContinental hotel in Prague, and to contribute to creating a landmark of luxury hospitality for Central Eastern Europe.”

InterContinental Hotels and Resorts is currently undergoing a global brand evolution aimed at redefining luxury travel for modern travellers. IHG presently operates 34 InterContinental properties across Europe. The upcoming Prague hotel will join other InterContinental locations in Central and Eastern Europe, including Sofia, Warsaw, Bucharest, and Budapest.

The opening of InterContinental Prague will further expand IHG’s luxury and lifestyle portfolio in Europe, which currently includes 112 open hotels and 67 properties in development across brands such as Six Senses, Kimpton, and InterContinental, including upcoming openings in Manchester, Belgrade, and Cascais.