Accor, Courcouronnes, France, and developer Omar Kassem Alesayi Group, Jeddah, Saudi Arabia, formed a strategic alliance to open 10 hotel properties in Saudi Arabia by 2018.
The two companies signed a management contract for the first three of these hotels under Accor’s Ibis brand, including a 200-room and 300-room hotel in Jeddah and a 194-room hotel in Riyadh.
“The region, specifically Saudi Arabia, is a prominent market for the Accor’s growth which will be driven with the support of strategic partnerships with major hotel investors,” said Christophe Landais, managing director for Accor Middle East. “Alesayi Group shares our vision and ambition to develop in the Kingdom a hotel network with international standards, a very high level of comfort at affordable price for clients thanks to our Ibis brand.”