Staybridge Suites to open in Al Khobar
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InterContinental Hotels Group (IHG) has signed a 20-year management agreement with Al Khorayef & Sons Co for a 189-key Staybridge Suites hotel in Al Khobar. This will be the first Staybridge Suites property in Al Khobar and third to be announced in Saudi Arabia.
The rising demand for extended stay properties has seen the entry of Staybridge Suites. The property will fill the void in Al Khobar due to its rising popularity as a regional and international business hub.
Once complete, Staybridge Suites Al Khobar will form part of a larger mixed-use development which will include multiple retail and food and beverage outlets.
Pascal Gauvin, chief operating officer, Middle East, India & Africa, IHG said: “With five properties currently in Al Khobar, we have a strong presence and in-depth knowledge of the area. This is our third Staybridge Suites to be announced in the Kingdom of Saudi Arabia, in response to a growing demand and we predict a strong future for the brand across the Kingdom.”
IHG currently operates 24 hotels in Saudi Arabia, with nine hotels due to open within the next three to five years.
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