IHG signs Holiday Inn for Dubai's Deira Islands

Deira Waterfront Development
Developer AE7 is building the Deira waterfront, where the Holiday Inn will be located. Photo credit: AE7

IHG has signed a management agreement to develop a 170-room Holiday Inn set to open in 2023 at the upcoming Dubai Deira Islands, furthering the company's plans to boost its midscale portfolio in the Middle East. 

"As the Middle East continues to develop as a business hub and tourist destination, we are committed to accelerating our growth and diversify our offering," said Pascal Gauvin, managing director, India, Middle East and Africa, IHG. "This is the sixth signing for our midscale portfolio in the Middle East this year and we are very pleased with the strong progress we are making in this segment."

In April, IHG signed franchise agreements with real estate development firm SRG Holding to convert two SRG-owned developments into the Staybridge Suites Dubai Financial Centre and Staybridge Suites Dubai Internet City.

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.

Comprising four man-made islands, the in-development Dubai Deira Islands will be a mixed-use waterfront development featuring almost six million square feet of retail space, 3,000 apartments, hotel rooms, a mall, night souk, a large amphitheater and a marina. Public space at the hotel will include a business center, three meeting rooms (432 square meters in total), two restaurants, as well as a gymnasium and outdoor pool.

Suggested Articles

Following the deaths of five people in a shooting at an Airbnb rental in California, CEO Brian Chesky said the platform was “banning party houses.”

The new properties in Phuket and Pattaya will add nearly 1,550 guestrooms to the company’s Thai portfolio between late 2020 and 2024.

The Radisson Blu Hotel, Casablanca City Center is Radisson Hotel Group’s second property in Morocco.