Saudi Arabia: IHG has signed a 15-year management agreement with Al Andalus Property for a Staybridge Suites property in Jeddah.
The agreement comes shortly after Staybridge Suites announced plans for a property on Hira Street in Jeddah.
IHG chief operating officer, Middle East, India and Africa, Pascal Gauvin, said: “Jeddah is a booming domestic leisure destination in Saudi Arabia, and we expect its popularity to be compounded further by the redevelopment of the Corniche area and by major investments in the city’s airport. Demand for extended stay apartments is high and we see a strong future ahead for Staybridge Suites in Jeddah and Saudi Arabia.”
Al Andalus Property director of marketing & business development Hathal Alutaibi added: “As an internationally recognised extended stay property, Staybridge Suites will be an attractive prospect for many travellers to Jeddah who are looking for a spacious extended stay apartment style suite in a hotel that understands their individual needs.”
Construction has started on the 164-suite Staybridge Suites Al Andalus Mall.
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