The signing ceremony was held in the presence of Mostafa Madbouly, prime minister of Egypt, and Assem el Gazzar, minister of housing and development.
The property forms part of a master development agreement with Riva Development Company, via its wholly owned subsidiary Riva Hospitality for Hotel Services Company.
The new hotel joins the voco family in Dubai, with voco Dubai on Sheikh Zayed Road and the soon to open voco Bonnington Jumeirah Lakes Towers Dubai.
As IHG Hotels & Resorts signs a major partnership in Saudi Arabia, Breaking Travel News speaks to Haitham Mattar, managing director in India, Middle East and Africa for the hospitality giant, about what it means for the future of the company in the Middle East
IHG Hotels & Resorts has signed a management agreement with Mabany Edris, a well-known real estate owner and developer in Egypt, to open Holiday Inn New Assiut Asayla.
IHG Hotels & Resorts is seeking to continue its expansion in Turkey with new signings – InterContinental Grand Ankara, Crowne Plaza Istanbul Tuzla Viaport Marina and Holiday Inn Express Ankara Airport.