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IHG EXPANDS LIFESTYLE PORTFOLIO IN SAUDI ARABIA, WITH HOTEL INDIGO JEDDAH

The signing comes a year after the brandís entry into the Kingdom

IHG EXPANDS LIFESTYLE PORTFOLIO IN SAUDI ARABIA, WITH HOTEL INDIGO JEDDAH

The signing comes a year after the brandís entry into the Kingdom

Category: Middle East - Saudi Arabia - Industry economy - Hotel projects
This is a press release selected by our editorial committee and published online for free on 2022-09-26


The signing comes a year after the brandís entry into the Kingdom

The signing comes a year after the brandís entry into the Kingdom
Photo credit © InterContinental Hotels Group

IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Management Agreement with Saudi Investment Group and Marketing Co (SIGMAC), a wholly owned subsidiary of Ghazzawi Group, for its second Hotel Indigo in Jeddah.

Opening in Q1 2028, Hotel Indigo Jeddah will comprise of 267 hotel rooms and 173 serviced apartments. The signing which took place at Future Hospitality Summit (FHS) in Dubai comes as part of IHG’s continued expansion in the region and in Saudi Arabian hospitality market, in line with Vision 2030.

The new hotel’s arrival into the cultural and historical center of the country underscores IHG’s strong lifestyle proposition and readiness to cater to the future demand from various guest profiles visiting the country.

Staying true to Hotel Indigo’s brand hallmarks, the hotel will have a distinctive personality, drawing inspiration from its culturally diverse location, and from the places, people and ideas that surround it.

The hotel will be developed as part of the SIGMAC mixed use development on Prince Sultan Road. The development will become one of the most iconic mixed-use destinations in Jeddah with a premium hotel, residential, offices, retail and entertainment facilities.

Following the Saudi government’s investment into Jeddah under Vision 2030 — through the redevelopment of waterfront projects, and boosting of airport and high-speed train connectivity, the hotel will be an ideal destination for domestic visitors. Moreover, Jeddah being a crucial link between the Holy cities, the hotel will provide guests access to Madinah and Makkah.

In addition to aesthetically designed rooms, the hotel will feature a neighbourhood café, lobby lounge, health club and swimming pool. Additionally, guests on business will have access to meeting rooms and printing facilities.

Speaking on the announcement, Haitham Mattar, Managing Director, India, Middle East & Africa, IHG said: “With the signing of our second Management Agreement for Hotel Indigo in Jeddah, we look forward to being able to welcome more guests to visit this exciting and dynamic city in the coming years.

“We are greatly encouraged by the Saudi leaderships’ investment into the reinvigoration of Jeddah, under the Saudi Tourism Development Strategy. Joining our Hotel Indigo properties in Riyadh, and Hotel Indigo Durrat Al Arus here in Jeddah, this new agreement aligns closely with our ambition to deliver a truly unique urban lifestyle proposition to new guest segments in Saudi Arabia. It will continue to drive forward our vision of offering the perfect balance of local experiences and hospitality, complimented by the familiarity of our brands’ modern design and the latest technological advancements in the industry.”


Jason Addison, the CEO of SIGMAC, added: “We’re pleased to partner with IHG to bring a new Hotel Indigo to Jeddah with our iconic mixed-use development in the city. The Kingdom’s tourism offering is ever growing and it’s exciting to be an integral part of that, while reassured by being partnered with one of the world’s largest hotel groups.

We look forward to benefiting from both IHG’s global experience and expertise in the industry, but even more importantly, their knowledge of our market through their long standing presence in KSA. When we open our doors in Q1 2028, we plan to offer our guests the unique experience of a Hotel Indigo, in a way that honours the hospitality so ingrained within the Saudi culture.”

Established in 2004, Hotel Indigo is currently present in more than 20 countries with over 120 hotels, with an additional 100+ hotels in the pipeline, across India, Middle East, and Africa. IHG opened Hotel Indigo Dubai Downtown, its first Hotel Indigo in the region, last year. Hotel Indigo Jeddah joins a growing pipeline for the brand including properties in Doha and Oman.

IHG currently operates 37 hotels across five brands in Saudi Arabia, including: InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites, and voco, with 20 hotels in the development pipeline set to open within the next three to five years.

About IHG

IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.

With a family of 17 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in more than 100 countries, and more than 1,800 in the development pipeline.
  • Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo
  • Premium: voco hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
  • Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels
  • Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales. Approximately 325,000 people work across IHG's hotels and corporate offices globally.

About Al Ghazzawi Group and Sigmac

Al Ghazzawi Group of Companies is a renowned family-owned business group and is one of the largest diversified conglomerates in the Kingdom of Saudi Arabia. The group has been operating in the Kingdom of Saudi Arabia for more than four decades with a wide-ranging portfolio of businesses including Legal Professional Services, Trading, Manufacturing, Communication, Retail Catering, Real Estate and Franchising.

SIGMAC is the company that oversees, develops and manages the real estate owned by the group. SIGMAC owns numerous buildings and huge tracts of commercial lands located in Saudi Arabia.


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