IHG and Siraj to develop 12 Saudi properties
Saudi Arabia: Thursday, January 31 - 2008 at 08:33
InterContinental Hotels Group has signed a franchise development agreement with Siraj Capital to develop the Holiday Inn Express brand in Saudi Arabia, reported Khaleej Times. A total of 12 new properties are set to open within five years. Siraj Capital is acting on behalf of Rahala, a Saudi Arabian limited liability company, under formation, which will be the asset owner of Holiday Inn Express in Saudi Arabia.
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Jeff Florian, Senior ReporterThursday, January 31 - 2008 at 08:33 UAE local time (GMT+4)
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