IHG Hotels & Resorts has announced the signing of a management agreement with Saudi Investment Group and Marketing Co (SIGMAC), a wholly owned subsidiary of Ghazzawi Group, for its second Hotel Indigo in Jeddah.
Opening in Q1 2028, Hotel Indigo Jeddah will comprise 267 hotel rooms and 173 serviced apartments.
The signing, which took place at Future Hospitality Summit (FHS) in Dubai, comes as part of IHG’s continued expansion in the region and in the Saudi Arabian hospitality market, in line with Vision 2030.
The hotel will be developed as part of the SIGMAC mixed-use development on Prince Sultan Road.
It will feature a café, a lobby lounge, a health club and a swimming pool. Additionally, guests traveling for business will have access to meeting rooms and numerous facilities.
Haitham Mattar, managing director of India, Middle East & Africa at IHG, said: “With the signing of our second management agreement for Hotel Indigo in Jeddah, we look forward to being able to welcome more guests to visit this exciting and dynamic city in the coming years. We are greatly encouraged by the Saudi leaderships’ investment into the reinvigoration of Jeddah, under the Saudi Tourism Development Strategy. Joining our Hotel Indigo properties in Riyadh, and Hotel Indigo Durrat Al Arus here in Jeddah, this new agreement aligns closely with our ambition to deliver a truly unique urban lifestyle proposition to new guest segments in Saudi Arabia.”
Jason Addison, CEO of SIGMAC, added: “We’re pleased to partner with IHG to bring a new Hotel Indigo to Jeddah with our iconic mixed-use development in the city. The kingdom’s tourism offering is ever growing, and it’s exciting to be an integral part of it while partnering with one of the world’s largest hotel groups. We look forward to benefiting from both IHG’s global experience and expertise in the industry, but even more importantly, its knowledge of our market through its long-standing presence in KSA. When we open our doors in Q1 2028, we plan to offer our guests the unique experience of Hotel Indigo in a way that honors the hospitality that’s synonymous with Saudi culture.”
Established in 2004, Hotel Indigo is present in more than 20 countries, with over 120 hotels. An additional 100-plus hotels across India, the Middle East and Africa are in the pipeline.
Hotel Indigo Dubai Downtown, the first Hotel Indigo in the region, opened last year. The new property in Jeddah will join the brand’s growing portfolio, which includes properties in Doha and Oman.
IHG currently operates 37 hotels across five brands in Saudi Arabia, including: InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites and voco, with 20 hotels set to open within the next three to five years.