IHG Accommodations & Resorts has introduced the signing of InterContinental Riyadh King Fahed Street.
The property types a part of a master development agreement with Riva Growth Firm, by way of its wholly owned subsidiary Riva Hospitality for Lodge Companies Firm.
The newest improvement follows the signing of Lodge Indigo Riyadh King Abdallah Street, and is the second of not less than seven lodges to be introduced with the accomplice.
All openings set to happen in Saudi Arabia throughout the IHG portfolio of manufacturers within the coming years.
Pioneering luxurious journey since 1946, the InterContinental model is celebrating its diamond anniversary this yr.
The model additionally has a powerful legacy in Saudi Arabia, having opened InterContinental Riyadh, in 1975.
Anticipated to open in 2025, InterContinental Riyadh King Fahed Street will add to present model portfolio of 9 working InterContinental lodges within the kingdom.
The resort will symbolize the best-in-class product with a refreshed, trendy design, and can function 250 elegantly appointed visitor rooms and 150-unit residences as a part of InterContinental Residences.
Talking on the announcement, Haitham Mattar, managing director, India, Center East & Africa, IHG, mentioned: “As a part of our continued development technique, and in step with the Saudi Tourism Growth Technique, we’re proud to accomplice with Riva Growth Firm as we develop our presence in Saudi Arabia.
“IHG has a powerful and credible popularity within the luxurious section by the enduring InterContinental model which has loved nice success in Saudi Arabia over the past 4 many years.
“InterContinental Riyadh King Fahed Street can be a model defining property and can provide visitors distinctive experiences immersed in native hospitality and worldwide service excellence.”
