IHG Hotels & Resorts has signed a management agreement with Mabany Edris, a well-known real estate owner and developer in Egypt, to open Holiday Inn New Assiut Asayla.
IHG
® Hotels & Resorts, one of the world s leading hotel companies, has signed a Management Agreement with Mabany Edris, a well-known real estate owner and developer in Egypt, to open Holiday Inn New Assiut Asayla. The hotel was signed at a ceremony in Egypt in presence of Abdel Fattah Al-Assi, Assistant Minister of Tourism and Antiquities and Mohamad Anwar, Deputy Head of Urban Communities Authorities. IHG has a strong legacy in Egypt, having opened its first hotel in 1980s, and currently operates over 2000 rooms and have more than 800 rooms in the pipeline, across brands.
The announcement follows several high-profile signings this year, across IHG luxury and lifestyle, premium, essentials and suites collections, underscoring the company s progressive expansion plans across the MEA region. Further, the signing strengthens IHG s mainstream portfolio in MEA, in line with demands across key markets in the region.
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