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

(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.

Holiday Inn Express' Next Gen Room

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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