IHG Hotels and Resorts has signed a master development agreement (MDA) with Tashyid for Hotel Operations to develop 12 hotels, totaling 2,500 keys, under the Holiday Inn Express brand across Saudi Arabia.
As part of the agreement, IHG also signed the first Holiday Inn Express hotel with Tashyid for Hotels Operations Limited which will debut the brand in Jeddah by June 2025. The 300-room Holiday Inn Express Jeddah hotel will be located on Al Madinah Road.
Holiday Inn Express is IHG’s fastest growing brand with over 3,000 operational hotels globally.
Haitham Mattar, managing director for India, Middle East and Africa at IHG Hotels and Resorts said, “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. Saudi Vision 2030 has created tremendous opportunities for the tourism and hospitality industry, and we see an increasing demand for our brands across segments.”
Falih Motasim Hajaj, chief executive officer of Tashyid, added. “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.”
IHG Hotels and Resorts currently operates 39 hotels across five brands in Saudi Arabia, 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.
Last month, IHG Hotels and Resorts signed a management agreement with Al Woroud Real Estate to open a Holiday Inn Express property in Saudi Arabia. Holiday Inn Express Riyadh will be a new-build property and is set to open in 2026.
