IHG Signs With The Arabian Hospitality Company to Develop Holiday Inn Madinah West

United Kingdom, Denham. December 24, 2019

IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has signed a Management Agreement with leading hospitality supplier, The Arabian Hospitality Company, to open Holiday Inn Madinah West in 2022. The new property will cater to the influx of religious tourists expected as part of Vision 2030 and reinforces IHG's commitment to expand its presence and diversify its portfolio across the Kingdom.

Once completed, the 700-key property will be IHG's fourth hotel in Madinah, joining InterContinental Dar Al Hijra, InterContinental Dar Al Iman, and Crowne Plaza Madinah. Conveniently located in one of the most frequented pilgrimage areas in Saudi Arabia, Holiday Inn Madinah West will be in close proximity to Prince Mohammed bin Abdul Aziz International Airport in Madinah, making it a great base for religious tourists.

Pascal Gauvin, Managing Director, India, Middle East & Africa, IHG said: "Given their solid presence in the Middle East, we are excited to partner with The Arabian Hospitality Company as we strengthen our presence in Saudi Arabia. Religious tourism remains a major driving force of Saudi's economy and we continue to strengthen our offering to cater to this important group of travellers. Holiday Inn is a brand known and preferred by travelers across the globe, and we are confident that Holiday Inn Madinah West will be a great success."

Sherif Abo Hashish, Financial Consultant, Arabian Hospitality Co. added: "We are proud to be partnering with an experienced, global hospitality company such as IHG, which has a strong legacy in Saudi Arabia. Holiday Inn Madinah West will offer quality branded accommodation to the increasing number of pilgrims visiting the Kingdom and we look forward to welcoming them in 2022."

IHG currently operates 33 hotels across 4 brands in Saudi Arabia, including: InterContinental Hotels and Resorts, Crowne Plaza Hotels and Resorts, Holiday Inn and Staybridge Suites with a further 20 in the development pipeline due to open within the next three to five years.**

**Numbers as of 30 September 2019

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