InterContinental Hotels Group has signed a 15 year management agreement with Al Andalus Property for a Staybridge Suites hotel in Jeddah, Kingdom of Saudi Arabia.
Staybridge Suites Al Andalus Mall is due to be the first Staybridge Suites property to open in Saudi Arabia.
The announcement follows closely after IHG announced plans for a Staybridge Suites property on Hira Street in Jeddah, demonstrating the increasing demand for extended stay properties in this important commercial hub.
These two Jeddah properties mark the entrance of the Staybridge Suites brand into Saudi Arabia.
As both a popular leisure destination for Saudi nationals and important commercial hub, attracting the highest proportion of ex-pats in KSA, Jeddah is a growing tourism market with a clear need for varied accommodation and hospitality offerings.
This latest deal is demonstrative of Staybridge Suites fast growth projection in the region as it answers significant demand from across KSA and the Middle East for internationally recognised extended stay hotel brands.
Construction is already underway on the 164-key Staybridge Suites Al Andalus Mall, which will be positioned in Al Andalus Square, currently under development on Kind Abdullah Street in the heart of the new city centre.
Once complete, the square will be a major landmark in this densely populated part of the city.
Pascal Gauvin, chief operating officer, Middle East, India & Africa, IHG commented: “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.”