The company continues to expand its luxury portfolio in the Kingdom and strengthen the footprint of the world’s largest luxury hotel brand.
IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Management Agreement with Al Ajlan Company for InterContinental Hotel & Residences in the Riyadh North area. Set to open by 2028, the prestigious 400-key hotel and serviced apartments will form part of a state-of-the-art masterplan comprising high-end retail, offices and entertainment. The hotel will reflect the modern luxury philosophy and will strengthen IHG’s offering in the segment.
Speaking on the announcement, Haitham Mattar, Managing Director, India, Middle East & Africa, IHG said: “This Management Agreement of an exciting new build InterContinental property in Riyadh’s vibrant north district represents IHG’s commitment to support the growing tourism and hospitality ambitions of the Kingdom of Saudi Arabia, as part of Vision 2030. With new developments in the leisure and entertainment sector across the country, the introduction of e-visas and a new airline, Riyadh is ready to welcome more diversified tourists to the capital city. With a strong hotel portfolio across all guest segments and a growing regional office in Riyadh, we are prepared to cater to the needs of our owners and guests.
