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DIC sells hotels firm to Almulla GroupDubai-based Almulla Group has acquired Ishraq Dubai, which owns many hotels in the UAE, from Dubai International Capital (DIC), the private equity arm of Dubai Holding. Ishraq Dubai was 51 per cent owned by DIC and 49 per cent by Ishraq Gu More… |
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Work starts on Bahrain's first Holiday Inn ExpressIshraq Gulf Real Estate Holding, the exclusive developer of the Holiday Inn Express brand of hotels in the GCC excluding Saudi Arabia, has broken ground at the site of the first Holiday Inn Express hotel in Bahrain. The ceremony marks the More… |
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IHG launches first 'Holiday Inn Express' unit in DubaiInterContinental Hotels Group (IHG) has partnered with Ishraq Gulf Real Estate Holding Company to launch the Holiday Inn Express Dubai Safa Park – the first property to begin trading under the brand’s new name. Holiday Inn Express Dubai S More… |
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Express by Holiday Inn opens in DubaiThe first ‘Express by Holiday Inn’ hotel in the region has opened in Dubai Internet City. Bahrain-based Addax Bank was the sole structuring and placement agent of the $150 million deal to finance approximately 20 Express by Holiday Inn Hot More… |
