IHG Hotels & Resorts has confirmed plans for InterContinental Riyadh King Fahed Road in Saudi Arabia.
The hotel forms part of a Master Development Agreement (MDA) with RIVA Development Company via its wholly owned subsidiary RIVA Hospitality for Hotel Services Company.
The latest development complements the signing of Hotel Indigo Riyadh King Abdallah Road and is the second of at least seven hotels to be announced.
The iconic InterContinental brand, which is celebrating its 75th Diamond anniversary this year, has a strong legacy in Saudi Arabia, having opened InterContinental Riyadh in 1975.
Slated to open its doors in March 2025, InterContinental Riyadh King Fahed Road will add to IHG’s current brand portfolio of nine operating hotels in the Kingdom. The hotel will boast a refreshed, modern design and will house 250 elegantly appointed guest rooms and 150-unit apartments as part of InterContinental Residences.
Facilities will include a pool, a fitness centre and a spa, as well as five dining options, a business centre and 784m2 of meeting and events space including a 600m2 ballroom.
Managing director – India, Middle East & Africa, IHG, Haitham Mattar said: “As part of our continued growth strategy, and in line with the Saudi Tourism Development Strategy, we are proud to partner with RIVA Development Company as we expand our presence in the Kingdom of Saudi Arabia. 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.
“Vision 2030 provides great opportunity for the hospitality sector and we have ambitious plans to support the country’s strategic growth plan, now and into the future. We look forward to continuing IHG’s legacy with the opening of InterContinental Riyadh King Fahed Road,” Mattar added.
Meanwhile, co-founder, RIVA Development Company and chairman, RIVA Hospitality for Hotel Services Company, Engr. Mugbel Bin Suleiman Al Thukair also noted: “We are delighted to announce the first signing of seven hotels to be opened with IHG in Saudi Arabia. As part of RIVA keenness on being an essential part of the Saud Vision 2030 lead by HRC Mohamad Bin Salman Bin Abdel Aziz Al Saoud, and as part of an evolving metropolitan hub, Riyadh is the ideal destination to begin our journey with IHG, with increasing visitor numbers expected to the capital in the coming years. 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.”
IHG currently operates 38 hotels across five brands in Saudi Arabia, including InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites and voco. A further 20 hotels are due to open within the next three to five years.