The hospitality group currently operates more than 2,000 rooms in the country and has more than 800 rooms in the pipeline
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.
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 the 1980s, and currently operates more than 2,000 rooms and has more than 800 rooms in the pipeline, across all its 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.
Once completed, Holiday Inn New Assiut Asayla will be IHG’s third Holiday Inn hotel in Egypt, joining Holiday Inn Cairo Maadi and Holiday Inn Cairo – Citystars.
Expected to open in early 2024, the 157-room property will be strategically located close to the city of Assiut along the banks of the Nile River. The hotel is also near the main cultural monuments, the faculties of Assiut University and Sphinx University.