IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, announces its first signing in Iceland for its midscale long stay brand Candlewood Suites, by IHG. Signed as part of an agreement with ALVA Capital, IHG will look to develop up to 500 rooms in the city or wider Iceland over the next three to five years introducing some of IHG’s leading brands, including Holiday Inn Express and Garner hotels, to the Nordics.