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30 May 2024

Daily Newsletter

IHG completes dual signing for Crowne Plaza hotels in Egypt

The company has signed a management agreement with Urbnlanes Development to bring two new Crowne Plaza hotels to Egypt.

Claire Jenns May 28 2024

IHG Hotels and Resorts is set to introduce two hotels in Cairo under its Crowne Plaza brand in an agreement with property developer Urbnlanes Development.

The signings will see the introduction of the Crowne Plaza Cairo New Administrative Capital and the Crowne Plaza New Cairo Yellow.

Set to open in 2028, the Crowne Plaza Cairo New Administrative Capital will offer three dining options, including a sky bar, and five meeting venues to cater to the needs of corporate guests.

The location offers accessibility to business guests looking for proximity to the nearby government ministries, administrative institutions, embassies and finance houses in Cairo.

The Crowne Plaza New Cairo Yellow will be part of a mixed-use development project a short distance from business parks and Cairo International Airport. Along with an all-day dining restaurant and a Club Lounge, the hotel will feature five meeting and events venues including a ballroom.

IHG currently operates seven hotels across four brands in Egypt: InterContinental, Crowne Plaza, Holiday Inn and Staybridge Suites. It also has a pipeline of 17 hotels.

Urbnlanes Development chairman Emeel Abdalla commented: “This partnership is in line with Egypt's Vision 2030 aimed at advancing the tourism sector and attracting increased foreign investment. The tourism and hospitality industry in Egypt plays a vital role in bolstering the national economy and fostering job creation.”

IHG managing director for India, the Middle East and Africa, Haitham Mattar, added: “These signings represent a significant vote of confidence and trust in IHG and the appeal of the brand in Egypt. We are excited to be an integral part of these major new developments.”

IHG has also announced a management agreement with GPKP for Holiday Inn Prayagraj in the Indian state of Uttar Pradesh.

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GlobalData’s AI Governance Framework

GlobalData’s AI governance framework helps senior executives identify all potential risks posed by AI systems and provides a checklist of questions to ask tech vendors during the procurement process to ensure they implement AI responsibly.

GlobalData’s AI Governance Framework

GlobalData’s AI governance framework helps senior executives identify all potential risks posed by AI systems and provides a checklist of questions to ask tech vendors during the procurement process to ensure they implement AI responsibly.

GlobalData’s AI Governance Framework

GlobalData’s AI governance framework helps senior executives identify all potential risks posed by AI systems and provides a checklist of questions to ask tech vendors during the procurement process to ensure they implement AI responsibly.

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