Arkan Palm and IHG Hotels & Resorts launch the first Holiday Inn Express in Egypt
Adding 700 rooms and catering to modern travelers with high-quality amenities
2 min
Arkan Palm, an Egyptian real estate developer, announces a significant milestone in its partnership with IHG Hotels & Resorts by introducing the first Holiday Inn Express in Egypt as part of Arkan Palm’s 205 West Cairo project.
This collaboration will bring the total number of rooms across all three IHG hotels in 205 to 700, highlighting the continued trust between Arkan Palm and IHG. The Holiday Inn Express brand, with over 3,000 hotels in 50 countries, is one of the largest and fastest-growing brands under IHG Hotels & Resorts.
The dynamic 205 project, developed by Arkan Palm for Real Estate Investment and considered the beating heart of West Cairo, features a variety of residential, commercial, and medical units. These include luxurious apartments on Canal Walk Island, office spaces, upscale retail in 205 Downtown and The Angle, as well as Safa Med Park, which encompasses West Cairo’s largest hospital, clinics, and specialized medical centers.
In the hospitality sector, 205 will host an InterContinental hotel and voco Suites, with IHG as the exclusive hospitality partner. The latest addition to this partnership is the 200-key Holiday Inn Express West Cairo 205, set to open in 2027.
This hotel will cater to modern travelers with amenities like high-speed Wi-Fi, comfortable rooms, meeting spaces, food and beverage options, retail outlets, and a fitness center. Its strategic location near the Pyramids and the Grand Egyptian Museum makes it ideal for both business and leisure guests, addressing the growing demand for high-quality, value-for-money hospitality.
West Cairo’s growing reputation as a business and tourism hub influenced the decision to build the Holiday Inn Express in this prime location. The hotel’s proximity to major attractions and business centers makes it an ideal location for the brand’s Egyptian debut, addressing the increasing demand for quality and affordable accommodation.
Engineer Amr Badreldine Chief Executive Officer of Arkan Palm for Real Estate Investment, stated, “We are excited to continue our fruitful partnership with IHG Hotels & Resorts to introduce the first Holiday Inn Express hotel in Egypt. This project not only reinforces our longstanding partnership but is also testament to our shared commitment to elevating Egypt’s hospitality sector. We believe in delivering exceptional experiences, and the introduction of Holiday Inn Express is in line with our vision to provide high-quality accommodation. We are confident that this new addition will set new standards in the industry and cater to the diverse needs of modern travelers, whether they are here for business or leisure.”
Haitham Mattar, Managing Director for India, Middle East & Africa at IHG, remarked, “Expanding our presence in Egypt with our trusted partners at Arkan Palm aligns perfectly with our commitment to Cairo’s vibrant hospitality sector and supports Egypt’s National Tourism Strategy. Holiday Inn Express is the ideal brand to meet the growing demand for high-quality accommodation to meet the needs of modern, smart and savvy travelers visiting the country. We are confident that this new addition will become the preferred choice for travelers seeking a simple, engaging place to rest or get their work done.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
A bold new corporate restructure to achieve its ambitious $27 billion portfolio goal
2 min
Omniyat, a distinguished name in Dubai’s ultra-luxury real estate sector, has embarked on a transformative journey by unveiling a new corporate structure under the newly formed Omniyat Group. This strategic move aims to unify and drive success across its various branded companies, setting an ambitious target of a AED100 billion ($27 billion) total group portfolio over the next five years.
This announcement signifies a pivotal moment for Omniyat Group, reaffirming its dedication to reshaping the real estate landscape not only in Dubai but across the broader region. As part of its growth strategy, Omniyat plans to significantly expand its footprint in the ultra-luxury real estate segment, aiming for a total portfolio value of AED50 billion.
Established in 2005 by Executive Chairman Mahdi Amjad, Omniyat was conceived with the vision of revolutionizing the Dubai property market through the creation of unique living experiences. The company has consistently elevated the standards in real estate, driven by a policy of strategic diversification that has enabled it to explore various market segments.
In line with this strategy, Omniyat Group is set to announce a new real estate company in Q3 2024. This new venture will be part of a commitment to invest AED50 billion in new real estate divisions targeting multiple market segments. This initiative underscores Omniyat’s ongoing commitment to understanding market demands and delivering on its bold vision to be “the best in class, in every class.”
By continuously evolving and adapting to market needs, Omniyat Group stands poised to lead the future of real estate in the region, setting new benchmarks in luxury and innovation.
Commenting on the launch, Amjad said: “Nineteen years ago, I founded Omniyat with a clear mission to achieve the unprecedented in Dubai’s real estate sector. A city of superlatives, Dubai is globally renowned for its remarkable story of progress and achievement, and we wanted to bring iconic projects to Dubai’s skyline that stood apart for their design, innovation, and artistry.”
“Encouraged by the UAE’s robust growth and long-term vision and inspired by the success of our ultra-luxury brand, I am establishing Omniyat Group to invest in other brands and companies to address different segments of the UAE’s strong growing real estate market with an uncompromising principle of ‘Best in class, in every class’ we address.”
“Today, Omniyat Group has been announced to drive forward our mission to elevate the people at the heart of our business and contribute to a better life and environment for all stakeholders, employees, clients, and their loved ones,” he stated.
“Guided by an unwavering commitment to excellence, we will continuously strive to raise standards and curate experiences that make life better, in every sector we engage in,” he added.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
