The Daily News Egypt
IHG signs two-hotel deal in Egypt with Arabia Hotels
InterContinental Hotels Group (IHG), announced the signing of a deal for two new hotels in Giza on Sunday, Egypt-Holiday Inn Giza Sun Capital and Staybridge Suites Giza Sun Capital, in partnership with Arabia Hotels, a subsidiary of Arabia Holding.
The announcement was made at the Arabian Travel Market 2018. The two hotels are scheduled to open in 2023.The 200-room Holiday Inn Giza Sun Capital and 150room Staybridge Suites Giza Sun Capital will be the first IHG hotels to open in the area.
“Egypt is an important market for us and we have a strong presence in the country with over 2,000 rooms and robust pipeline across our brands,” Pascal Gauvin, managing director for India, the Middle East, and Africa, IHG commented.
On the other hand, Tarek Shoukry, chairperson and CEO of Arabia Hotels, expressed his excitement to bring IHG brands into his company’s portfolio.
Both hotels will be part of Sun Capital, a mixed-use project that will include the largest commercial area in Egypt, a luxury commercial mall—the first outlet mall in Africa—an Egyptian cultural-themed park, an international university, and an international school.
IHG currently has 84 hotels operating across nine countries in the Middle East region.