Ishraq Hospitality, a leading hotel management group and a subsidiary of Mohamed & Obaid AlMulla Group, recently announced plans at ATM 2022 to further expand its portfolio of hotels across Egypt, Oman, and UAE with eight hotels in the pipeline.
Ishraq Hospitality further claimed to have set a major milestone by becoming a reputable third-party hospitality Management firm, expanding its portfolio of Holiday Inn Express hotels which are anticipated to complete over the subsequent five years.
In Dubai the group’s portfolio of hotels manifested its success claiming to have achieved over 80% occupancy in 2021 alone and has surged to over 95% since January 2022. Holiday Inn Express is one of IHG’s fastest-growing hotel brands with over 3000 hotels – a first choice for the surging number of travelers who required a simple, yet engaging place to rest, recharge and conduct business while abroad.
Sherif Beshara – Group CEO, Mohamed and Obaid AlMulla Group stated “Undoubtedly, our new enterprises will enhance our profile and accelerate the hospitality sector’s growth. Reiterating the Mohammad & Obaid AlMulla Group’s hotel and hospitality expansion strategy, the group focuses on alliances with award-winning international hotel groups, representing reputable international trademarks in hospitality. And we will continue our hotel expansion strategy with franchise partners.
He further added: “Ishraq Hospitality is delighted to be participating in ATM, the most dynamic platform for the region’s travel industry. Visitors will gain insights into Ishraq Hospitality’s vast experience in the sector, its strong tradition of values, and its excellent track record of catering to the changing demands of travelers. Our expansion into Egypt and Oman, which is among the top global tourism destinations, is a significant opportunity for both us and our partners to invest in one of the most successful hospitality franchises.”
Alexander Suski – Acting CEO, Ishraq Hospitality stated, “We are excited to participate in the ATM 2022. It is an excellent platform to showcase our achievements and boost international awareness of our hospitality developments. Ishraq Hospitality’s management team has a combined experience of more than a hundred years in hospitality and managing real estate assets for other parties. It enhances our competency to run any hotel class, from budget hotels and business hotels to lifestyle properties and resorts.”