master development agreement
IHG to Open 12 ‘Next Generation’ Holiday Inn Express Hotels Across Saudi Arabia Under MDA With Tashyid for Hotel Operations
IHG Hotels & Resorts | May 17, 2023
Riyadh, Saudi Arabia, 17th May 2023: IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has signed a Master Development Agreement (MDA) with Tashyid for Hotel Operations, which will see the development of 12 hotels and 2,500 keys under the Holiday Inn Express brand across the Kingdom of Saudi Arabia. . With Ministry of Tourism encouraging such investments in the Kingdom, the signing took place in the presence Mr. Mahmoud Abdulhadi, Deputy Minister for Destination Enablement. The agreement will allow IHG to expand and diversify its mainstream offering across Sau...
IHG Signs With RIVA Development Company to Develop InterContinental Riyadh King Fahed Road
IHG Hotels & Resorts | July 6, 2021
IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of InterContinental Riyadh King Fahed Road, as part of a Master Development Agreement (MDA) with RIVA Development Company via its wholly owned subsidiary RIVA Hospitality for Hotel Services Company. The latest development follows the signing of Hotel Indigo Riyadh King Abdallah Road, and is the second of at least 7 hotels to be announced with the partner, with all openings set to take place in Saudi Arabia across IHG’s portfolio of brands in the coming years. Pioneering luxury travel since 1946, this year, the iconic InterContinental b...
IHG Signs With RIVA Development Company to Bring Hotel Indigo to the Saudi Capital
IHG Hotels & Resorts | June 16, 2021
Expanding its presence in the capital city of Saudi Arabia, IHG Hotels & Resorts, one of the world’s leading hotel companies, is bringing the world’s first globally branded boutique hotel brand to the Kingdom with the signing of Hotel Indigo Riyadh King Abdallah Road. This development also marks the first hotel to be signed under the Master Development Agreement (MDA) between IHG and RIVA Development Company via its wholly owned subsidiary RIVA Hospitality for Hotel Services Company. No two Hotel Indigo properties are the same, and this stunning addition to the brand portfolio will have Riyadh’s cultural influences embedded in ...
IHG Signs MDA With Ishraq Hospitality to Open 8 New Holiday Inn Express Hotels Across MEA
IHG | January 27, 2021
27 JANUARY 2021 - IHG® Hotels & Resorts, one of the world’s leading hotel companies, has recently signed a Master Development Agreement (MDA) with Ishraq Hospitality, a division of the Dubai-based Mohamed & Obaid Almulla Group, to develop eight hotels across IHG’s midscale brand, Holiday Inn Express, in the MEA region. The multi-property portfolio license will see new hotel openings in the United Arab Emirates, Sultanate of Oman, Bahrain, Jordan and Egypt in the near term. Ishraq Hospitality, which operates HIEX under the IHG franchise, currently owns four Holiday Inn Express hotels in the UAE in partnership with IHG. Holiday ...
IHG Signs With Valor Hospitality Partners to Develop voco The Bank, Rosebank in South Africa
Valor Hospitality Partners | February 3, 2020
JOHANNESBURG, South Africa, February 3, 2020 - InterContinental Hotels Group (www.IHG.com), one of the world’s leading hotel companies, has signed voco™ The Bank, Rosebank in South Africa in partnership with Valor Hospitality Partners Africa. Earlier this year, IHG announced the signing of a Master Development Agreement (MDA) with Valor Hospitality Partners Africa to roll out multiple franchise hotels over the next 10 years, across IHG’s portfolio of brands in midscale, upscale and luxury segments. This is the first signing under the MDA and adds to IHG’s growing pipeline in the Middle East and Africa whilst strengthens the growth of ...
YTL Hotels and Marriott International Sign Agreement to Bring the AC Hotels by Marriott Brand to Malaysia
YTL Hotels | September 18, 2019
New York, NY – September 18, 2019 – YTL Hotels and Marriott International have signed a Master Development Agreement to bring the AC Hotels by Marriott brand to Malaysia for the first time. The AC Hotels by Marriott brand will be exclusive to YTL Hotels for the whole of Malaysia. The signing of this agreement is one of many key milestones in the partnership between YTL Hotels and Marriott International as it continues to grow from strength to strength. AC Hotels by Marriott embraces European design and style across its international portfolio of distinctive properties in Europe and North and Latin America. Dato’ Mark Yeoh, Executiv...
