The owner of Holiday Inn & Suites in Gasoline Alley and Holiday Inn Express in south Red Deer is preparing to make a $25-million investment on the city’s north side.

Zainul & Shazma Holdings Ltd. plans to develop a pair of hotels at 6329 Orr Dr. These would consist of another Holiday Inn Express and a Staybridge Suites — both brands of the InterContinental Hotels Group (IHG).

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