|21 April, 2019

IHG signs agreement with Bin Faqeeh Real Estate Investment Company S.P.C. for Staybridge® Suites Manama Al Seef

Signing marks Staybridge® Suites debut in the Kingdom of Bahrain

Pascal Gauvin with Bin Fakih team after the signing

Pascal Gauvin with Bin Fakih team after the signing

Dubai: IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has announced the signing of Staybridge Suites Manama Al Seef, marking the debut of the brand in the Kingdom of Bahrain. Expected to open in January 2020, the 128-room extended stay hotel will operate under a management agreement with major developer, Bin Faqeeh Real Estate Investment Company S.P.C. The signing was held with the attendance of H.E. Sheikh Khaled bin Humood Al Khalifa, CEO of Bahrain Tourism and Exhibitions Authority (BTEA) in the headquarters of the Bin Faqeeh Real Estate Investment Company S.P.C.

Located in the heart of the capital, Staybridge® Suites Manama Al Seef will benefit from proximity to the popular shopping and commercial destination, the Seef District. Guests can also enjoy home-like surroundings and amenities throughout the hotel with a feeling of community including a fully equipped kitchen, spacious suites, large workspaces, complimentary WiFi, a business centre and fitness centre.

Commenting on the signing, the Chief Executive Officer of Bahrain Tourism and Exhibitions Authority, H.E. Shaikh Khaled bin Humood Al Khalifa stated: “The development of Staybridge® Suites comes in line with BTEA’s strategy which focuses on four pillars ‘awareness, attraction, access, and accommodation’ in order to attract regional and international visitors, further increasing the tourism sector’s contribution to the national economy. Bahrain is currently witnessing the launch of several hotels and serviced apartments due to the influx of inbound tourists. We will continue to dedicate our efforts towards enhancing tourist and hospitality services in order to deliver exceptional services for visitors.”

In a statement on the signing, Pascal Gauvin, Managing Director, India, Middle East & Africa, IHGsaid: “We are excited to be partnering with Bin Faqeeh Real Estate Investment Company to debut the Staybridge® Suites brand in Bahrain. The tourism industry in Bahrain is gaining momentum with an increase in leisure and business travellers, especially from the GCC countries, that is resulting in a rising demand for long stay accommodation. Seef District is the commercial hub of Bahrain and boasts of some of the best shopping destinations in the city, which is why it makes perfect sense to develop the Kingdom of Bahrain’s first Staybridge Suites here.

He added: Staybridge Suites Manama Al Seef marks our third hotel in the country, positioning us to cater to a wider-range of guest profiles, and we look forward to welcoming our guests to this newest addition to our portfolio, in 2020.”

Mr. Faisal Faqeeh, Chairman of Bin Faqeeh Real Estate Investment Company S.P.C., added: “The fantastic location combined with the unique offering of Staybridge Suites Manama Al Seef, make it the ideal choice for travellers looking for a home away from home experience. Designed to give both business and leisure travellers a compelling experience in the heart of the city, we are proud to partner with a global leader such as IHG, to further market growth in the country. We are confident that our partnership will be a success and look forward to welcoming guests to the hotel.”

Bin Faqeeh Real Estate Investment Company is a leading real estate developer in the Kingdom of Bahrain, with over 20 unique real estate projects.

There are currently five Staybridge Suites® hotels open across the Middle East, with a further eight due to open in in the next three to five years.

-Ends-

Media Enquiries:
Ankita Chopra
Communications Manager, IMEA
InterContinental Hotels Group (IHG)
Tel: +971 4 213 6502
Email: annkita.chopra@ihg.com 

Niamh Queeney
Senior Account Manager
Hill & Knowlton Strategies
Tel: +971 4 553 9543
Email: niamh.queeney@hkstrategies.com 

IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including Regent Hotels & Resorts, InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, voco™, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®.

IHG franchises, leases, manages or owns more than 5,600 hotels and approximately 837,000 guest rooms in more than 100 countries, with almost 1,900 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.  

In February 2019, IHG acquired Six Senses Hotels Resorts Spas, adding 16 hotels (1,347 rooms) to its system and 18 hotels to its development pipeline.

InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 400,000 people work across IHG’s hotels and corporate offices globally.

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihgplc.com/media and follow us on social media at: https://twitter.com/ihgcorporate, www.facebook.com/ihgcorporate and www.linkedin.com/company/intercontinental-hotels-group 

About Bin Faqeeh Real Estate Investment Company S.P.C
Bin Faqeeh Real Estate Investment Company S.P.C. has a large portfolio of projects offering a wide range of real estate options that meets different needs and expectations of any investor. It aims to be the benchmark for generating innovative investment opportunities, merging global best practice and local expertise to deliver value adding projects. In less than a decade, Bin Faqeeh has successfully established itself as leaders in the market. The company aims to be the benchmark for generating innovative investment opportunities, merging global best practice and regional investment acumen to deliver profitable and value adding ventures to shareholders, clients, business partners, employees, and the communities it serves.

© Press Release 2019

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