INTERCONTINENTAL Hotels Group (IHG) and Saudi Arabia-based investment holding company, Siraj Capital Ltd (Siraj), have announced the locations of the first three Holiday Inn Express hotels to become operational in the Kingdom.
The three new hotels will be located in Madinah Road, Jeddah, Knowledge Economic City, Madinah and King Abdullah Economic City under a master franchise agreement between IHG and Siraj which will see 12 Holiday Inn Express hotels open in Saudi Arabia over the next five years.
John Bamsey COO IHG Mena, said: “This is the first limited-service hotel brand to enter Saudi Arabia. The Kingdom receives around 12 million tourists a year and we are confident that by offering competitive pricing, quality accommodation and excellent service, backed by the confidence of an established global brand, Holiday Inn Express will be a major success.”
Ibrahim Mardam-Bey, CEO Siraj Capital added: “Holiday Inn Express is undergoing the biggest relaunch in the hospitality industry with a $1 billion investment across more than 3,200 hotels and 430,000 rooms worldwide.
“As a further endorsement of our commitment to the hospitality sector in Saudi Arabia, Siraj Capital is also proud to announce our partnership with Global Hotels & Resorts, headed by Sheikh Mohammed Yousef El Khereiji, who will play an instrumental role in further developing the Holiday Inn Express brand in the Kingdom.”
The first three Holiday Inn Express properties in Saudi Arabia will offer 575 rooms 252 at Madinah Road, Jeddah, 183 at King Abdullah Economic City and 140 at Knowledge Economic City, Madinah.