InterContinental Hotels Group (IHG) has signed a contract with Al Aqeeq Real Estate Development Company for a new 400-room Holiday Inn hotel in the Holy City of Medina. The deal, signed at Arabian Travel Market (ATM) in Dubai, is the latest step in a regional expansion plan for IHG, which will see it add a further 10,652 rooms across the Middle East over the next three to five years.
Commenting on the signing Kirk Kinsell, IHG’s President for EMEA, said; “Medina is an important religious destination so there is strong demand for quality hotels at an affordable price. Partnering with Al Aqeeq Real Estate Development Company on a deal of this calibre demonstrates our commitment to expansion in the Middle East.”
Dr Ahmad Al Qasabi, Chief Development Officer of Al Aqeeq Real Estate Development, commented; “The Kingdom of Saudi Arabia is fast expanding as a business and tourist destination so there’s a growing demand for hotels that cater to the mid-scale market. The strength of the Holiday Inn brand and the site’s location which is ideal for both leisure and religious visitors, makes this a perfect deal for us.”
The Holiday Inn Medina – Al Safwa will be located close to the western yard of the Al Haram Holy Mosque and ideally situated for people visiting the city on business or for religious reasons.
Pictured (from left): Charles Baillehache, Legal Director, IHG MEA; Bander Harbi, Vice President Operations, IHG KSA; Ahmad Assad Khalil, Director of Human Resources, Administration & Publication Relations, Al Aqeeq Real Estate Development Company; Georges Bekhazi, Vice President of Development, IHG French Division Office; John Bamsey, Chief Operating Officer, IHG MEA; Dr Ahmad Al Qasabi, Chief Development Officer, Al Aqeeq Real Estate Development; Kirk Kinsel, Prisedent, IHG EMEA; Rani Gharbie, Director of Development, IHG MEA; Alaa Hasan Shagroun