British multinational hotels company InterContinental Hotels Group (IHG) has signed a management agreement with Kingston Holdings International Limited to develop a new hotel in Dubai Business Bay, Trade Arabia reports.

Holiday Inn & Suites is expected to open in 2021, comprising 350 rooms, two restaurants and a ballroom as well as one floor of dedicated meeting rooms to cater for business travelers.

The new hotel will form part of a mixed-use development that includes 400 residences and a small boutique shopping arcade.