IHG Hotels & Resorts continues to expand its luxury portfolio in the Kingdom of Saudi Arabia and cement its position as the world’s largest luxury hotel brand by signing a Management Agreement with Al Ajlan Company for InterContinental Hotel & Residences in the north of Riyadh.
Slated to open by 2028, the prestigious 400-key hotel and serviced apartments will form part of a state-of-the-art masterplan comprising high-end retail, offices and entertainment. The hotel will embody the modern luxury philosophy and strengthen IHG’s offering in the segment.
Saudi Arabia harbours significant potential for tourism and hospitality as part of its Vision 2030 ambitions. While Riyadh has long been and continues to be an epicentre for business in the Kingdom, new developments in the north of the city, including the Boulevard, U-Walk, and Riyadh Seasons, foreshadow a new demand for leisure tourism as well.
"With new developments in the leisure and entertainment sector across the country and the introduction of e-visas and a new airline, Riyadh is ready to welcome more diversified tourists to the capital city. With a strong hotel portfolio across all guest segments and a growing regional office in Riyadh, we are prepared to cater to the needs of our owners and guests," said Haitham Mattar, Managing Director, India, Middle East & Africa, IHG.
The hotel will feature modern rooms, unique dining options, multipurpose meetings and events spaces, a health club and a spa. Located near the airport, the hotel will also be strategically positioned to cater to business and leisure demands.
IHG currently operates 37 hotels under five brands in Saudi Arabia, including InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites, and voco, with 29 hotels in the development pipeline set to open within the next three to five years.
