InterContinental Adds Clement Monterey to Portfolio

InterContinental Hotels Group (IHG), the owner of the InterContinental Hotels & Resorts brand, announced the signing of InterContinental The Clement Monterey in California.

The 208-room property is owned by Cannery Row Hotel Development Venture, L.P., under a license agreement with a company in the InterContinental Hotels Group. The hotel will be managed by Pacific Hotel Management, LLC and is currently under construction with a scheduled opening in the second quarter of 2008.

Located at 750 Cannery Row, Monterey, Calif., InterContinental The Clement Monterey, the first new hotel to be built on Monterey Bay in more than 20 years, is positioned overlooking the water along the scenic Northern California Coast. Located next to the Monterey Bay Aquarium, the property is comprised of three buildings.

The hotel will feature 8,500 square feet of indoor meeting space, approximately 5,000 square feet of outdoor event space overlooking Monterey Bay, a grand fireplace in the lobby, a signature restaurant and bar, a luxury spa and a fitness center with an outdoor lap pool.