IHG announces first Staybridge Suites in Al Khobar, Saudi Arabia
Khorayef & Sons Co for a 189-key Staybridge Suites hotel in Al Khobar, Kingdom of Saudi Arabia. This will be the first Staybridge Suites property in Al Khobar and the third to be announced in Saudi Arabia.
Kingdom with an International presence. The group is diversified into several industries including real estate development, petroleum solutions, manufacturing, trading and government contracting.
IHG is the largest international hotel group in Saudi Arabia both by number of roomsand number of hotels. Staybridge Suites Al Khobar joins five other IHG properties operating under three brands in the city, including InterContinental Hotels & Resorts, Crowne Plaza and Holiday Inn.
The entry of Staybridge Suites is timed to meet the rising demand for extended stayproperties in Al Khobar due to its rising popularity as a regional and international business hub on Saudi Arabia's east coast. The city is also home to many employees of Saudi Aramco, the world's largest oil company, and benefits from a high number of leisure travellers during summer and winter school holidays that prefer to stay in hotels that give them access to home-like comforts on the road.
The strategic location of the hotel on Al Khobar's King Fahd Road also makes itconvenient for guests travelling to the nearby cities of Damman and Dhahran. Once complete, Staybridge Suites Al Khobar will form part of a larger mixed-use development which will include multiple retail and food and beverage outlets.
Pascal Gauvin, Chief Operating Officer, Middle East, India & Africa,IHG commented: "With five properties currently in Al Khobar, we have a strong presence and in-depth knowledge of the area. Through the years we have observed its growth potential as a hub for both business and leisure travellers. This is our third Staybridge Suites to be announced in the Kingdom of Saudi Arabia, in response to a growing demand for extended stay properties and we predict a strong future for the brand across the Kingdom".
Bandar Alkhorayef, CEO of Al Khorayef & Sons Co added: "The King Fahd Roaddevelopment is an exciting prospect for Al Khobar as the city continues to expand and business in the area is set to flourish. With the brand's stellar reputation, Staybridge Suites Al Khobar puts Alkhorayef Tower in a good position to attract extended-stay guests looking for a home away from home."
The Staybridge Suites brand launched in 1998 and the first Staybridge Suites in theMiddle East opened in Cairo in 2008, and in Abu Dhabi in 2009. The brand is across the Middle East with seven properties in the pipeline for the region.
IHG currently operates 24 hotels in Saudi Arabia, with nine hotels due to open within thenext three to five years.
IHG franchises, leases, manages or owns more than 4,900 hotels and 724,000 guest rooms in nearly 100 countries, with almost 1,300 hotels in its development pipeline. IHG also manages IHG® Rewards Club, the world"s first and largest hotel loyalty programme with more than 88 million members worldwide.
InterContinental Hotels Group PLC is the Group"s holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG"s hotels and corporate offices globally.
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