Budget hotel brand opens in Bahrain
Ishraq Real Estate spends $40m on country's first Holiday Inn Express
Ishraq Gulf Real Estate and Intercontential Hotels Group (IHG) have completed construction of their $40m Holiday Inn Express-branded hotel in Bahrain.
The 274-room hotel is the first of IHG's budget Holiday Inn Express brands to open in Bahrain. It is based at Exhibition Avenue - close to the International Airport, King Fahd Causeway, Bahrain Financial Harbour and the shopping district. It has been given a local 'four star' rating and will contain a gym, restaurant and a business centre.
Maissan Al Maskati, chairman of Ishraq Gulf Real Estate Holding, said: “We are confident that the limited service offer will be extremely popular in Bahrain.
"There are currently few options in Manama for price-conscious business and leisure travellers seeking ultra-modern accommodation at affordable rates.”
Ishraq Gulf Real Estate Holding Company is a developer which is ultimately owned by Dubai International Capital. The Bahrian hotel will be operated by its subsidiary firm, Ishraq Hospitality Management, and employ 70 staff.
Pascal Gauvin, IHG’s chief operating officer, for India, Middle East and Africa , said: “Holiday Inn Express is going from strength to strength across Asia and the Middle East. Following our recent brand launch in Thailand, we’re thrilled to see the brand open up in Bahrain, just shortly before we launch in India later this year."