IHG inks franchise agreements for two Holiday Inn properties in KSA

IHG

At this year’s edition of the Arabian Hotel Investment Conference (AHIC) in Ras Al Khaimah, InterContinental Hotels Group (IHG) formalised franchise agreements for two new Saudi properties.

The first franchise agreement was signed with Loulouat Al Madinah Hospitality for the Holiday Inn Madinah King Abdulaziz Road, while the second agreement was signed with Al Hokair Group for the Holiday Inn Jeddah Al Hamra.

The latter will house 253 keys, three F&B options, six meeting rooms, a business centre, an outdoor pool, a gymnasium and a spa. The property’s opening date has yet to be announced.

IBTM China 2019

Holiday Inn Madinah King Abdulaziz Road, which is scheduled for a 2020 launch, will be situated near Al Haramain Railway Train Station and other major transport hubs. As well as 180 rooms, the property will boast 2,000m2 of banqueting space for events and conventions, a business centre, a gym and two dining options.

Remarking on the exciting development was managing director – India, Middle East and Africa, IHG, Pascal Gauvin: “We are excited to leverage our experience of this market to bring more hospitality options to a broad range of travellers. Saudi Arabia remains a key strategic market for IHG in the Middle East and we are proud to collaborate once again with our esteemed long-term partner, Al Hokair Group, and also to partner with Loulouat Al Madinah Hospitality for the first time.”

Gauvin explained that these signings demonstrate IHG’s commitment to Saudi Arabia’s Vision 2030 and the development of the rapidly evolving hospitality sector in the Kingdom.