IHG Accommodations & Resorts is additional increasing its Saudi Arabian luxurious footprint with the signing of one other InterContinental lodge in Riyadh.
The administration settlement with Al Ajlan Firm requires the InterContinental Lodge & Residences Riyadh North 400-key lodge and serviced residences to open by 2028.
The 5 star property will type a part of a state-of-the artwork masterplan comprising of high-end retail, places of work and leisure. The lodge will mirror the trendy luxurious philosophy and is geared toward strengthening IHG’s providing within the section.
Along with rooms designed with trendy aesthetics, the lodge will function distinctive eating choices, multipurpose conferences and occasions rooms, a well being membership and a spa. Situated in proximity to the airport, the lodge may also be strategically positioned to cater to enterprise and leisure demand.
Haitham Mattar, MD, India, Center East and Africa, IHG stated: “This administration settlement of an thrilling new construct InterContinental property in Riyadh’s vibrant north district represents IHG’s dedication to help the rising tourism and hospitality ambitions of the Kingdom of Saudi Arabia, as a part of Imaginative and prescient 2030.
“With new developments in leisure and leisure sector throughout the nation, and the introduction of e-visas and a brand new airline, Riyadh is able to welcome extra diversified vacationers to the capital metropolis. With a robust lodge portfolio throughout all visitor segments and a rising regional workplace in Riyadh, we’re ready to cater to the wants of our homeowners and company.
“InterContinental Accommodations & Resorts has a legacy and distinctive popularity in Saudi Arabia and around the globe. With our new providing within the capital metropolis in partnership with Al Ajlan Firm, company will be capable of expertise trendy luxurious by way of the model’s hallmarks.”
Ajlan Al Ajlan, CEO, Al Ajlan Firm, added: “The tourism and hospitality sector in Saudi Arabia is rising at tempo, and represents a real drive from the management to diversify our economic system within the coming years main as much as 2030. We’ve been proponents of diversification of investments for greater than 50 years, and we’re happy to be making this new foray into the hospitality business in partnership with a trusted and skilled world model like IHG”.
IHG at the moment operates 37 resorts throughout 5 manufacturers in Saudi Arabia, together with: InterContinental, Crowne Plaza, Vacation Inn, Staybridge Suites, and voco, with 29 resorts within the improvement pipeline set to open inside the subsequent three to 5 years. These embrace InterContinental Riyadh King Fahed Highway, additionally within the nation’s capital; voco Jeddah North delivering 145 keys in This autumn 2023; and the 150-room Indigo Lodge Refad Enterprise Park in Al Khobar, arriving in Q3 2026.