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 Improvement Firm, through its wholly owned subsidiary Riva Hospitality for Resort Providers Firm.
The most recent growth follows the signing of Resort Indigo Riyadh King Abdallah Street, and is the second of at the very least seven resorts to be introduced with the companion.
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 12 months.
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 resorts within the kingdom.
The lodge will signify the best-in-class product with a refreshed, trendy design, and can characteristic 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, stated: “As a part of our continued development technique, and in keeping with the Saudi Tourism Improvement Technique, we’re proud to companion with Riva Improvement Firm as we develop our presence in Saudi Arabia.
“IHG has a powerful and credible status within the luxurious section by means of the enduring InterContinental model which has loved nice success in Saudi Arabia during the last 4 many years.
“InterContinental Riyadh King Fahed Street shall be a model defining property and can supply company distinctive experiences immersed in native hospitality and worldwide service excellence.”