InterContinental Hotels Group (IHG) has signed a management agreement with Lina Snacks Foods Company for a brand-new property in Saudi Arabia.
Holiday Inn Riyadh The Business District will builds on IHG’s recent signings in the country, including voco Jeddah North, and is anticipated to open its doors in 2022. Housing 138 keys, the hotel will be strategically located close to King Khalid International Airport and the Riyadh Front, the new leisure destination of Riyadh developed in line with Vision 2030.
Holiday Inn Riyadh The Business District will additionally feature two F&B outlets, six meeting rooms, an outdoor pool, a gym and a business centre. The hotel will form part of a mixed-use development, The Business District, comprising 20 offices, a coffee shop, mosque and a nursery.
“Saudi Arabia remains a priority market for us in the region, and we are delighted to add another hotel to our growing portfolio in the country, in partnership with Lina Snacks Foods Company,” vice president, development – Middle East and Africa, IHG, Matthew Tripolone remarked. “Despite the current challenges faced by the industry, we believe that Vision 2030 will continue to progress, and the hospitality industry will be an extremely important sector in the KSA. This will be fueled by increasing demand from both business and leisure travellers coming to Saudi Arabia, in the mid-long-term.”h
Meanwhile, CEO, Lina Snacks Foods Company, Eid AL Subaie stated: “We are proud to be partnering with an experienced, global hospitality company such as IHG, and look forward to leveraging their experience and understanding of the market to offer world-class amenities and excellent service to our guests visiting the city of Riyadh.”
IHG currently operates 95 hotels across seven brands in the Middle East, including InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express, Staybridge Suites, voco and Six Senses, with a further 42 in the development pipeline due to open within the next three to five years.