InterContinental
brand of luxury hotels
InterContinental Hotels & Resorts is a luxury hotel brand created in 1946 by Pan Am founder Juan Trippe. It has been part of UK-based InterContinental Hotels Group since 1998. As of January 2023, there were 208 InterContinental hotels worldwide, with 70,287 rooms.
History
Early years
In 1945, U.S. President Franklin D. Roosevelt and Juan Trippe, President of Pan Am, discussed their concern for Latin America's need for development funds at a White House breakfast. The two men thought that one way to attract businessmen and tourists would be to offer luxury hotels in key cities. Trippe contacted Statler Hotels' chief executive H.B. Callis, and his company undertook a feasibility study, but the company decided the program would be too expensive. Trippe contacted multiple other US hotel chains, but none showed interest. Roosevelt requested that Pan Am take the lead in developing 5000 hotel rooms in Latin America, with a projected cost of $50,000,000. Pan Am's profit that year was only $3 million, so a $25,000,000 line of credit was arranged for Pan Am with the Export–Import Bank of the United States. Trippe agreed to form a subsidiary company to foster the implementation of the idea.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Sep 4, 2026. The linked authority identifier is Q1825730. None of the 2 selected statements returned an explicit reference. The first chronological checks are 1946, 1998, 2023 and 1945.
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This entry incorporates text from “InterContinental” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.