IHG plans further Middle East growth for extended-stay brand

Emad Jawad Bukhamseen, chairman of Al Arabiya Real Estate Company and IHG's Pascal Gauvin, managing director, India, Middle East and Africa, after signing management agreement to bring the company's Staybridge Suites brand to Kuwait. Photo credit: IHG

IHG has signed a management agreement with the Al Arabiya Real Estate Company, owned by Kuwaiti conglomerate The Bukhamseen Group, to bring the company's Staybridge Suites brand to Kuwait. The Staybridge Suites Kuwait Salmiya is due to open in January 2022.

Located in Salmiya, close to the commercial and residential blocks beside the Persian Gulf coastline, the 120-room property will have one- and two-bedroom suites with separate living and working areas, full kitchens,  entertainment systems and free WiFi. The property will be close to business areas, the Marine Museum, Shaab Leisure Centre Park, shopping malls and restaurants. 

“The Bukhamseen Group has been one of our most valued partners in the Middle East since we signed one of our first Holiday Inn hotels in the region with them more than 40 years ago,” said IHG's Pascal Gauvin, managing director, India, Middle East and Africa. “We are excited to be working even more closely together to expand our footprint in Kuwait and introduce Staybridge Suites to cater to the demands of extended-stay travelers.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

“Travel and tourism is a fast-emerging industry in Kuwait, and the sector is experiencing a consistent flow of business and leisure travelers from across the globe,” said Emad Jawad Bukhamseen, chairman of Al Arabiya Real Estate Company. “We are proud to build our alliance with IHG to further hotel development in Kuwait and we are confident that our venture together will be a success.”

In 2017, IHG and Bukhamseem Group signed an agreement that grants Bukhamseem Group a countrywide exclusivity (Kuwait) for a 10-year term and covers six IHG brands, including InterContinental Hotels and Resorts, Crowne Plaza, Holiday Inn, Holiday Inn Resort, Holiday Inn Express and Staybridge Suites.

Suggested Articles

More than $23bn-worth of hotel construction contracts were due to be awarded in the Middle East and North Africa between now and 2023.

Pat Pacious discusses the seismic shifts the sector has seen and will continue to experience.

Results season has started to make itself felt and the impact of the coronavirus was at the forefront of analysts’ questions on the earnings calls.