IHG signs for two new properties in KSA

InterContinental Hotels Group

InterContinental Hotels Group (IHG) has unveiled plans for two new hospitality projects in Saudi Arabia.

Further strengthening its foothold in the Kingdom’s luxury segment, the hospitality giant signed a management agreement with Salem Mohammed Al Qahtani for InterContinental Dammam. In addition, to cater to the need for more branded midscale accommodation in Riyadh, IHG has also signed a management agreement with Saleh Alsalamah and Partner Companies for Holiday Inn Riyadh Al Malaz.

Opening in 2024, InterContinental Dammam will be IHG’s first hotel in the city and will strengthen the company’s presence in KSA’s eastern provinces. Strategically located in the heart of the new city centre, the hotel will be situated across the street from King Abdullah’s Cultural Complex and will be a short drive to the Coral Island.

Travel Forward 20

InterContinental Dammam will feature 289 thoughtfully designed rooms, along with three restaurants, an outdoor pool and deck, an indoor pool, a gym and six well-equipped meeting rooms.

Opening later this year, the 121-rooms Holiday Inn Riyadh Al Malaz will be located in the city centre of Riyadh, near government institutions and several ministries. The property will represent the fifth Holiday Inn-branded hotel in Riyadh and will cater to the growing numbers of visitors to the capital city.

To further enhance the guest experience, Holiday Inn Riyadh Al Malaz will introduce the concept of an ‘Open Lobby’, a revolutionary approach which has transformed the traditional hotel lobby format by combining the front desk, lobby, F&B, lounge area and business centre into one open, cohesive space. The hotel will also offer an array of amenities, including a pool, a gym, a business centre, meeting rooms and two restaurants.

“Continuing our growth momentum in Saudi Arabia, we are pleased to add two new properties, InterContinental Dammam and Holiday Inn Riyadh Al Malaz to our portfolio,” managing director – India, Middle East and Africa, IHG, Pascal Gauvin declared. “Both brands are well established in the Kingdom and in demand for existing guest segments visiting the country.

In last 12 months, we have signed for 10 hotels across our portfolio of brands in the Kingdom. We will also be opening an office in Riyadh to further drive our growth and performance in the country. These developments are testament to our commitment to the market and to respond to the needs of the travellers coming to the country.”

Saudi Arabia is a priority market for IHG in the Middle East, with a current portfolio of 33 hotels across six brands including InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express and Staybridge Suites and voco, as well as 20 hotels in the pipeline, set to open in the next three to five years.