IHG Signs MDA with Tashyid for 12 Holiday Inn Express Hotels in Saudi Arabia

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(18/05/23)
 IHG has signed a Master Development Agreement (MDA)
with Tashyid for Hotel Operations, which will see the development
of 12 hotels and 2,500 keys under the Holiday Inn Express brand
across the Kingdom of Saudi Arabia.

The first hotel, a 300-room Holiday Inn Express on Al Madinah
Road in Jeddah, is
scheduled to open by June
2025.

“We are delighted to partner with IHG Hotels & Resorts to enable
our rapid expansion within Saudi Arabia, in line with Saudi’s
Vision 2030. With the Kingdom marking its presence on a global
tourism map, working with leading industry partners such as IHG is
key to helping set new standards of hospitality, embrace
innovation and ultimately achieve a diversified economy,” said Falih Motasim Hajaj, Chief Executive Officer of Tashyid.

Holiday Inn Express is IHG’s fastest growing brand with currently
over 3000 operating hotels, globally.

In Saudi Arabia, the company currently operates 39 hotels across five brands,
including: InterContinental, Crowne Plaza, Holiday Inn, Staybridge
Suites and voco, with 30 hotels in the development pipeline set
to open within the next three to five years.

“As we continue
to expand our presence and diversify our offering, in line with
Saudi Arabia’s tourism strategy, we are delighted to announce a
partnership with Tashyid for Hotel Operations to further grow our
Holiday Inn Express offering in the Kingdom for domestic and
international travellers alike,” said Haitham Mattar, Managing
Director, India, Middle East & Africa, IHG. “Saudi Vision 2030
has created tremendous opportunities for the tourism and
hospitality industry, and we see an increasing demand for our
brands across segments. Holiday Inn Express is a great offering
for smart travellers who seek a hassle free and efficient stay
experience, and we are looking forward to providing this
experience to guests across a country, in the coming years.”

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