IHG Hotels & Resorts has announced the signing of a management agreement with Al Aqeeq Real Estate Development Company, a wholly owned subsidiary of Taiba Investments for Crowne Plaza Taiba Riyadh. The newly built hotel is scheduled to open in June 2025.
Haitham Mattar, managing director, India, Middle East & Africa of IHG, said: “With the signing of Crowne Plaza Taiba Riyadh, we continue to expand our footprint in the kingdom. Our premium brand, Crowne Plaza, is a perfect fit for modern business travelers who desire a seamless transition between work and rejuvenation and therefore supports the business and leisure tourism offer put forth in Vision 2030.”
The hotel’s 192 rooms and 110 serviced apartments will provide a holistic experience for transient and extended-stay guests alike. The hotel will also have a lobby lounge and an all-day dining and a café. Crowne Plaza Taiba Riyadh will also feature 200 square meters of meeting space, as well as fitness and recreational facilities.
IHG currently operates 37 hotels in Saudi Arabia across five brands, including InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites and voco. A further 23 hotels are in the development pipeline, due to open within the next three to five years.