IHG Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Lina Snacks Foods Company to open Holiday Inn Riyadh The Business District. Building on IHG’s recent signings in KSA, including voco Jeddah North, this latest development supports IHG’s ambition to grow in Saudi Arabia and builds on the strong signing momentum in the region.
Scheduled to open in January 2022, the 138-room property will feature two F&B outlets, six meeting rooms (1,216 square meters) — that will have the largest room capacity of 310 guests — an outdoor pool, a gym and a business center. The hotel is also a part of a mixed-use development, The Business District, comprising 20 offices, a coffee shop, a mosque and a nursery.
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. A further 42 are in the development pipeline and due to open within the next three to five years.