InterContinental Hotels Group (IHG) and Makkah Real Estate Company signed an agreement to build the world’s largest Holiday Inn, planned to open in Saudi Arabia in 2016 and offering 1,238-rooms. The new hotel – located near the Al Aziziyah business district – will be the first Holiday Inn in Makkah. The property will be built in two towers, featuring a large fine dining restaurant, two coffee shops, a ballroom, health club and pool.
Katara Hospitality to buy Interconti Rome
Katara Hospitality, the Hotel Group under the Qatari Sovereign Fund, is about to acquire a stake in the company owning five branded Intercontinental properties located in Europe. The assets are located in Rome, Madrid, Amsterdam, Cannes, Frankfurt.
