Ihg Hotels & Resorts Announces Ambitious Expansion In Iceland, Introducing Candlewood Suites And Other Leading Brands To Reykjavik

Published on October 7, 2025

IHG Hotels & Resorts (IHG), nan world’s largest hospitality company, has signed its first-ever Candlewood Suites edifice successful Iceland. The caller mid-scale long-stay edifice will beryllium developed successful business pinch ALVA Capital, a awesome improvement for IHG successful nan country. The woody specifications plans to build arsenic galore arsenic 500 rooms successful Reykjavik and elsewhere successful Iceland successful nan adjacent 3 to 5 years, on pinch further introductions of different IHG brands for illustration Holiday Inn Express and Garner Hotels successful nan Nordics.

Candlewood Suites – A New Offering successful Iceland

The Reykjavik Candlewood Suites will beryllium a landmark improvement for IHG, providing a much-needed offering successful Iceland’s fast-growing hospitality market. Positioned successful Reykjavik’s vibrant Hlíðar district, nan spot will beryllium wrong easy stepping region of cardinal tourer destinations, including nan Kjarvalsstaðir Art Gallery, The Icelandic Phallological Museum, and nan Sundhöllin Public Baths. The edifice will inhabit a converted agency building, transforming it into a 53-room spot that features freely studios and apartments, each equipped pinch kitchens for long-stay comfort.

Candlewood Suites is designed pinch nan modern traveler successful mind, offering flexibility, comfort, and convenience for some business and leisure guests. The freely suites will travel pinch afloat equipped kitchens, allowing guests to hole their ain meals and consciousness astatine location during their extended stay. Additionally, nan spot will connection self-service laundry, gym facilities, play housekeeping, and entree to nan Candlewood Cupboard – a marketplace stocked pinch drinks, snacks, and basal items for purchase. Guests will besides bask 24/7 entree to value java and beverage from nan in-house bean-to-cup machines.

A Booming Tourism Market successful Iceland

Iceland’s tourism assemblage has witnessed a important surge complete nan past decade, pinch nan state now welcoming astir 2.3 cardinal world visitors annually. This is much than 5 times nan nation’s organization of astir 400,000, underscoring nan maturation imaginable for nan hospitality industry. Reykjavik, nan superior city, has go a hub for travelers exploring Iceland’s renowned earthy wonders, from glaciers and volcanoes to geothermal basking springs, arsenic good arsenic its unsocial municipality offerings.

The Candlewood Suites Reykjavik will connection some visitors and business travelers a convenient and affordable accommodation action successful nan bosom of nan city, capitalizing connected nan region’s increasing request for extended-stay solutions. IHG’s introduction into Iceland further strengthens its footprint successful nan Nordic region, adding to its already awesome portfolio of 13 properties successful nan area, including caller openings for illustration voco Stockholm – Kista successful Sweden, Crowne Plaza Copenhagen Towers successful Denmark, and Hotel Indigo Helsinki successful Finland.

(Mrs) Willemijn Geels, Vice President, Development, Europe, IHG Hotels & Resorts, commented: “We are looking guardant to introducing nan Candlewood Suites marque to nan Nordics pinch nan signing of Candlewood Suites Reykjavik successful Iceland, an breathtaking emerging marketplace for IHG.

We are particularly proud of nan swift collaboration betwixt IHG and our esteemed partners astatine ALVA, who person successfully signed and already begun nan conversion to unfastened this spot successful nan adjacent future. ALVA has an established beingness successful Iceland and this woody holds awesome imaginable for IHG to turn crossed nan state pinch a good respected partner and I americium genuinely excited to spot what’s to come.”

IHG’s Regional Expansion Strategy

This announcement highlights IHG’s ongoing description crossed Northern Europe, wherever it is focusing connected increasing its long-stay offerings. The institution presently has 9 Candlewood Suites group to unfastened crossed Northern Europe, portion of a broader portfolio of 32 extended-stay properties successful Europe. With its caller and expanding properties, IHG intends to meet nan increasing request for flexible, apartment-style accommodations that connection nan comforts of location pinch nan services of a hotel.

The collaboration pinch ALVA Capital, an Icelandic finance and improvement firm, is simply a cardinal constituent of IHG’s strategy to participate nan Icelandic market. Founded successful 2012 by Skorri Rafn Rafnsson, ALVA Capital has built a diversified portfolio, initially focusing connected fintech and exertion earlier expanding into existent estate. The patient now directs its superior and expertise toward nan improvement and cognition of residential and hospitality properties, pinch complete 200 rental units successful its portfolio.

About Candlewood Suites

Candlewood Suites, portion of IHG’s extended enactment suite of brands, provides a comfortable, home-like acquisition for travelers needing much abstraction and elasticity during their stay. The brand’s self-catering suites are designed for guests who want to enactment longer and consciousness astatine ease, pinch amenities specified arsenic afloat kitchens, comfortable workspaces, and relaxing seating areas. IHG’s expanded footprint for Candlewood Suites aligns pinch nan increasing request for midscale long-stay accommodations successful nan European marketplace and beyond.

With complete 410 unfastened hotels and different 192 successful nan pipeline globally, Candlewood Suites continues to solidify its position arsenic a cardinal subordinate successful nan extended-stay edifice market. The Reykjavik spot will beryllium an basal summation to this increasing network, offering Icelandic and world guests a reliable, convenient, and home-like acquisition during their travels.

Skorri Rafn Rafnsson – CEO of ALVA Capital comments: “We are incredibly proud to beryllium moving pinch IHG Hotels & Resorts to bring Candlewood Suites to Iceland. It is simply a marque that blends nan comforts of regular life pinch nan conveniences of a hotel, enabling guests to enactment comfortably and support their normal routines nevertheless agelong their stay. The signing marks a important measurement successful our committedness to providing exceptional hospitality and tailored services that meet nan evolving needs of travellers successful Iceland. Partnering pinch a good renowned world edifice institution for illustration IHG has already proven to beryllium a awesome prime arsenic we push up pinch nan conversion of this spot and we’re incredibly excited to realise nan afloat imaginable of this deal.”