IHG Hotels & Resorts announced the signing of InterContinental Riyadh King Fahed Road as part of a master development agreement with RIVA Development Company via its wholly owned subsidiary RIVA Hospitality for Hotel Services Company.
The latest development follows the signing of Hotel Indigo Riyadh King Abdallah Road and 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.
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. The hotel will feature 250 rooms and 150-unit apartments as part of InterContinental Residences as well as a pool, fitness center and spa where guests can relax and rejuvenate.
InterContinental 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.
The hotel will have five dining options, a business center, 784 square meters of meeting and events space including a 600-square-meter ballroom.
Haitham Mattar, managing director, India, Middle East & Africa of 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 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.
He added: “Vision 2030 provides great opportunities 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.”
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.