Global hospitality group IHG Hotels & Resorts has signed the deal for InterContinental Riyadh King Fahed Road, the second hotel to be developed under the master development agreement with Riva Development Company via its wholly-owned subsidiary Riva Hospitality for Hotel Services Company.
 
Pioneering luxury travel since 1946, this year, the iconic InterContinental brand is celebrating its 75th Diamond anniversary. The brand also has a strong legacy in Saudi Arabia, having opened InterContinental Riyadh, in 1975 - IHG, has since positioned itself as one of the largest hospitality players in the country.
 
InterContinental Riyadh King Fahed Road is the second of at least seven hotels to be announced with the partner, with all openings set to take place in Saudi Arabia across IHG’s portfolio of brands in the coming years, said the statement from IHG.
 
The hotel will represent the best-in-class product with a refreshed, modern design, and will feature 250 elegantly appointed guest rooms and 150-unit apartments as part of InterContinental Residences as well as a pool, fitness centre and spa where guests can relax and rejuvenate, it stated.
 
The latest development follows the signing of Hotel Indigo Riyadh King Abdallah Road, it added.
 
Expected to open in March 2025, InterContinental Riyadh King Fahed Road will add to IHG’s current brand portfolio of nine operating InterContinental hotels in the Kingdom.
 
On the announcement, Haitham Mattar, Managing Director, India, Middle East & Africa, IHG said: "As part of our continued growth strategy, and in line with the Saudi Tourism Development Strategy, we are proud to partner with Riva as we expand our presence in the kingdom."
 
"IHG has a strong and credible reputation in the luxury segment through the iconic InterContinental brand which has enjoyed great success in Saudi Arabia over the last four decades. InterContinental Riyadh King Fahed Road will be a brand defining property and will offer guests exceptional experiences immersed in local hospitality and international service excellence," he stated.
 
The new property will feature a business centre, 784 sq m of meeting and events space including a 600 sqm ballroom to cater to the demands of business travellers visiting Saudi capital, he added.
 
Engineer Mugbel Bin Suleiman Al Thukair, the Co-founder, Riva Development Company and Chairman of Riva Hospitality for Hotel Services Company, expressed delight at the first signing of seven hotels to be opened with IHG in Saudi Arabia.
 
"InterContinental is an iconic and prestigious brand, with a long-standing reputation in Saudi Arabia and we look forward to working alongside IHG to bring provide guests with a luxurious and truly memorable experience when we open in 2025," he added.
 
IHG currently operates 38 hotels across five brands in Saudi Arabia, including: InterContinental, Crowne Plaza, Holiday Inn , Staybridge Suites and voco with a further 20 hotels in the development pipeline due to open within the next three to five years.-TradeArabia News Service

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