IHG (InterContinental Hotels Group) has signed a 15 year management agreement with Al Andalus Property for a Staybridge Suites hotel in Jeddah. The 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 increasing demand for extended stay properties.
Pascal Gauvin, chief operating officer, Middle East, India & Africa, IHG said: “Jeddah is a booming domestic leisure destination 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.”
Jeddah attracts the highest proportion of ex-pats in KSA and is a growing tourism market. Construction is already underway on the 164-key Staybridge Suites Al Andalus Mall, which will be positioned in Al Andalus Square. Once complete, the square will be a major landmark in this densely populated part of the city.