Express by Holiday Inn is set for Kuwait

Kuwait is to get its first Express by Holiday Inn hotel. An agreement was signed last month by Ishraq Gulf Real Estate Holding Company, which holds the rights to develop the Express by Holiday Inn brand in the UAE, Oman, Qatar, Bahrain and Kuwait, and Arab Real Estate Company (AREC) to construct a US $20 million property to cater to the growing demand for mid-tier lodgings in Kuwait.

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By  Sarah Campbell Published  August 2, 2006

Kuwait is to get its first Express by Holiday Inn hotel. An agreement was signed last month by Ishraq Gulf Real Estate Holding Company, which holds the rights to develop the Express by Holiday Inn brand in the UAE, Oman, Qatar, Bahrain and Kuwait, and Arab Real Estate Company (AREC) to construct a US $20 million property to cater to the growing demand for mid-tier lodgings in Kuwait. The partnership, which marks Ishraq's first foray into Kuwait, reflects the real estate developer's intention to develop and expand the Express by Holiday Inn hotel chain across the GCC, and is part of an aggressive five-year plan to develop 36 Express by Holiday Inn properties across the region. “The joint venture will fill a gap in the Kuwait market for branded budget hotels, which we feel will contribute to the growth of tourism while keeping prices affordable and guaranteeing quality,” said Sami Al Ansari, chief operating officer of Ishraq. Hospitality Management Services (HMS), the master franchise developer and operator of Express by Holiday Inn in the GCC, will operate the Kuwait property. Worldwide, there are more than 1500 Express by Holiday Inn properties with more than 120,000 rooms. “There is a need for this type of internationally branded three star hotels that provide quality service at value for money,” explained Chris Moloney, chief operating officer, InterContinental Hotels Group, Middle East and Africa.

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