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by Michael J. Shapiro | March 16, 2011

 InterContinental Group signed an agreement last week for a new-build InterContinental Hotel in north-central Chile, near the resort area of Vina del Mar. Construction has begun on the 140-room InterContinental Punta Piqueros, which will open in January 2013. The hotel will be set on a cliff overlooking the Pacific Ocean and will offer 9,500 square feet of meeting space, two restaurants, a 10,000-square-foot spa and a gym.