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IHG inks exclusive agreement with Bukhamseen Group

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InterContinental Hotels Group (IHG) recently announced an exclusive agreement with Bukhamseen Group Holding Company, a Kuwaiti business conglomerate, to build and operate IHG hotels exclusively in Kuwait.

Under terms of the agreement, IHG will expand its brand portfolio and hotel footprint in the market in an exclusive collaboration with the Group.

IHG currently operates three hotels in Kuwait in partnership with Bukhamseen Group – Crowne Plaza Al Thuraya City, Holiday Inn Al Thuraya City and Holiday Inn Salmiya. Additionally, the new venture – InterContinental Al Thuraya – is currently under construction and due to open in 2019.

The agreement grants country wide-exclusivity (Kuwait) to the Bukhamseen Group for a 10-year term and covers six IHG brands, including InterContinental Hotels and Resorts, Crowne Plaza, Holiday Inn, Holiday Inn Resort, Holiday Inn Express and Staybridge Suites.