IHG and Saudi Arabia's Dur to open Tabuk hotel
Holiday Inn Tabuk to be developed under master development agreement signed in 2014
InterContinental Hotels Group has signed a franchise agreement with Dur Hospitality Company (formerly Saudi Hotels and Resorts Company) for the first Holiday Inn in Tabuk.
The 83-key Holiday Inn Tabuk will be the first hotel to be developed under the master development agreement inked between the two companies in 2014.
The hotel will be located on the site of the current Makarim Tabuk Hotel on Prince Fahed Bin Sultan Street. Facilities will include an all-day dining restaurant, coffee shop, and lobby lounge.
IHG COO India, Middle East & Africa Pascal Gauvin said: “2015 marks IHG’s 40th year in the Kingdom of Saudi Arabia – an achievement made possible by the strong partnerships we have built over the years. The signing of Holiday Inn Tabuk is a great start to our new partnership with DUR Hospitality Company. This hotel will be our eleventh Holiday Inn in the country and we are truly delighted to be working with them to expand the brand in this key market.”
Dur Hospitality Company chairman Abdullah Bin Mohammed Al-Issa added: “Partnerships lie at the heart of our businesses, and as Saudi’s most established company in hotel and residential compounds development, our partners can always depend on us to shape the perfect combination of vision, capabilities, knowledge, skills and resources.
“Together with IHG, we have identified Tabuk, the gateway of northern Saudi Arabia, as an upcoming city to watch and it is timely for us to be adding a Holiday Inn hotel there. We look forward to working with IHG to identify more emerging cities across the country to develop more great Holiday Inn hotels for guests.”
IHG signed a master development agreement with Dur Hospitality Company in December last year to franchise Holiday Inn & Suites-branded properties over the next five years in the country.
There are currently 10 Holiday Inn hotels in Saudi Arabia and a further three in the development pipeline, including Holiday Inn Makkah: the largest Holiday Inn in the world with 1,238 rooms.