Holiday Inn Express to Move Into Saudi Arabia

1st February 2008 (Last Updated February 1st, 2008 09:18)

InterContinental Hotels Group (IHG) has signed a franchise development agreement with investment firm Siraj Capital to develop the Holiday Inn Express brand in Saudi Arabia. Under the deal, 12 new properties will open within five years. The properties will be operated by Hospi

InterContinental Hotels Group (IHG) has signed a franchise development agreement with investment firm Siraj Capital to develop the Holiday Inn Express brand in Saudi Arabia.

Under the deal, 12 new properties will open within five years.

The properties will be operated by Hospitality Management Services.

On average, IHG is opening two Holiday Inn Express hotels each week worldwide.

By staff writer