IHG Hotels & Resorts, one of the world’s leading hotel companies, has signed 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.
In addition to rooms designed with modern aesthetics, the hotel will feature distinctive dining options, multipurpose meetings and events rooms, a health club and a spa. Located in proximity to the airport, the hotel will also be strategically positioned to cater to business and leisure demands.
“This Management Agreement of an exciting new build InterContinental property in Riyadh’s vibrant north district represents IHG’s commitment to supporting the growing tourism and hospitality ambitions of Saudi Arabia, as part of Vision 2030. With new developments in the leisure and entertainment sector across the country, and 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.”
Mr. Ajlan Al Ajlan, CEO of Al Ajlan Company, said that “The tourism and hospitality sector in Saudi Arabia is growing at pace, and represents a true drive from the leadership to diversify our economy in the coming years leading up to 2030. We’ve been proponents of diversification of investments for more than 50 years, and we’re pleased to be making this new foray into the hospitality industry in partnership with a trusted and experienced global brand like IHG.”