Deals signed by IHG group for two new hotels in Abu Dhabi
Posted on 2nd July 2014
InterContinental Hotels Group (IHG) has announced the signing of two new hotels in Abu Dhabi which will see a second InterContinental and Holiday Inn property in the UAE capital.
A 20-year management agreement was signed with the National Corporation of Tourism and Hotels for InterContinental Abu Dhabi - Grand Marina.
Located in close proximity to InterContinental Abu Dhabi, the new 184-key hotel will feature rooms and serviced apartments along with a range of food and beverage and entertainment facilities. These include a Michelin star signature restaurant with a rooftop bar; a lounge and bar with a terrace and private dining rooms; a destination bar as well as a premium spa and pool. Due to open in 2016, the hotel will also have extensive meeting space.
IHG has also signed a management agreement with Pearl Azure Hotel Management LLC for the 257-key Holiday Inn Downtown Abu Dhabi, a conversion of the current Sands Hotel. Featuring a restaurant, bar, pool, fitness centre and dedicated meeting space, the new hotel will undergo a refurbishment and open as a Holiday Inn by the end of 2014.
The National Corporation of Tourism and Hotels and Pearl Azure Hotel Management LLC already have three IHG properties in their portfolio across the UAE: InterContinental Abu Dhabi, Crowne Plaza Abu Dhabi and Crowne Plaza Dubai.
Along with these new signings comes a renewal of the management agreement for the existing InterContinental Abu Dhabi . Pascal Gauvin, chief operating officer, India, Middle East & Africa, IHG, said: "As the capital of the UAE and one of the fastest growing cities in the Middle East, Abu Dhabi is a key market for IHG and we see strong potential for all our brands here.
Our 0wners play an important role in our growth strategy and we are committed to building long-term relationships with them. We have had a long and successful partnership with the National Corporation of Tourism and Hotels and Pearl Azure Hotel Management LLC for nearly two decades now."
Mohamed Mounib, group chief executive officer, National Corporation of Tourism and Hotels and Pearl Azure Hotel Management LLC, added: "We have been working with IHG for about 20 years now and the three properties we have under their management have seen steady growth and healthy returns over the years.
“With the growth in demand for mid-scale hotels in the UAE it is also a good time for us to add the Holiday Inn brand into our portfolio.”Back to all Construction News
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