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Al Hokair Group Inks Exclusive Agreement with IHG for Holiday Inn Express in Saudi Arabia

Posted on April 23, 2018

Al Hokair Group has signed a Master Development Agreement (MDA) with InterContinental Hotels Group (IHG) which will see the debut of Holiday Inn Express brand in Saudi Arabia with a rollout of 10 Holiday Inn Express hotels over the next 15 years. This significant development complements IHG's robust pipeline in the Kingdom and cements its position as one of the leading operators in the country, as well as consolidates its partnership with the Al Hokair Group.Al Hokair Group currently operates six Holiday Inn hotels in Saudi Arabia. As part of the exclusive new agreement, the first Holiday Inn Express will be a 200-room hotel based in Jeddah closely followed by openings in various key cities across the country. All 10 hotels will be operated under long-term franchise agreements.Mr. Sami Al Hokair, Managing Director of Al Hokair Group, stated: "We are very excited to expand our footprint in the mid-market segment where we see enormous potential for growth with a trusted global hospitali...

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