IHG si ns second hotel with RIVA Development
IHG Hotels and Resorts has announced the signing of InterContinental Riyadh King Fahd Road, as part of a master development agreement (MDA) with RIVA Development Company via its wholly owned subsidiary RIVA Hospitality for Hotel Services Company.
The latest development follows the signing of Hotel Indigo Riyadh King Abdallah Road, and is the second of at least seven hotels to be announced with the partner, with all openings set to take place in Saudi Arabia across IHG’s portfolio of brands in the coming years.
Pioneering luxury travel since 1946, this year, the InterContinental brand is celebrating its 75th diamond anniversary. The brand also has a strong legacy in Saudi Arabia, having opened InterContinental Riyadh in 1975.
Expected to open in March 2025, InterContinental Riyadh King Fahd Road will add to IHG’s current brand portfolio of nine operating InterContinental hotels in the Kingdom. The hotel will have a refreshed, modern design, and will feature 250 elegantly appointed guest rooms and 150-unit apartments as part of InterContinental Residences, as well as a pool, fitness center and spa where guests can relax and rejuvenate.
Additionally, true Saudi hospitality can be experienced at any of the hotel’s five dining options, which will provide guests with a diverse selection of culinary delights. InterContinental Riyadh King Fahd Road will also feature a business center, 784 square meters of meeting and events space including a 600-square-meter ballroom to cater to the demands of business travelers visiting the capital city.
Haitham Mattar, managing director, India, Middle East and Africa, IHG, said: “IHG has a strong and credible reputation in the luxury segment through the iconic InterContinental brand, which has enjoyed great success in Saudi Arabia over the last four decades. InterContinental Riyadh King Fahd Road will be a branddefining property and will offer guests exceptional experiences immersed in local hospitality and international service excellence.
He added: “Vision 2030 provides great opportunities for the hospitality sector and we have ambitious plans to support the country’s strategic growth plan, now and into the future. We look forward to continuing IHG’s legacy with the opening of InterContinental Riyadh King Fahd Road.”
Mugbel bin Suleiman Al-Thukair, co-founder, RIVA Development Company, and chairman, RIVA Hospitality for Hotel Services Company, added: “We are delighted to announce the first signing of seven hotels to be opened with IHG in Saudi Arabia. As part of RIVA’s keenness on being an essential part of Saudi Vision 2030 led by Crown Prince Mohammed bin Salman, and as part of an evolving metropolitan hub, Riyadh is the ideal destination to begin our journey with IHG, with increasing visitor numbers expected to the capital in the coming years. InterContinental is an iconic and prestigious brand, with a long-standing reputation in Saudi Arabia and we look forward to working alongside IHG to provide guests with a luxurious and truly memorable experience when we open in 2025. ”