Accor to develop new properties in Jeddah
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Accor and Al Mohammadia Almotahda for Real Estate Investment Company, have signed a management contract to develop a multi-segment property in Jeddah, which will include an ibis hotel and an Adagio hotel, both of which are due to open in 2014. Commenting on deal, Christophe Landais, Managing Director Accor Middle East, said: “We are proud to progress our partnership with Al Mohamadia Almotahda, further expanding the Accor network in Jeddah which has a huge potential for growth in the travel and tourism sectors. It is a natural next step for us as together we have made our first stride with the ibis brand in the Kingdom with ibis Riyadh.” ibis Jeddah will be the third ibis hotel in Saudi Arabia, after ibis Riyadh and Ibis Yanbu, both to open in 2012. The hotel will feature 180 well-equipped rooms and will offer both business and leisure travellers quality accommodation and service at competitive prices. “We are also pleased to announce the launch of the brand Adagio City Aparthotel in the Kingdom, Adagio being the latest addition to Accor’s brand portfolio. Adagio Jeddah will follow our regional strategy of developing the brand in key business cities, with an Adagio hotel to open in Abu Dhabi in 2012. Designed to be a new network of urban residences, the Adagio chain offers mid-market apartment with
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