Intercontinental Hotels and Resorts (IHG) has signed an agreement with Lina Snacks Foods Company to open a Holiday Inn property in Riyadh, Saudi Arabia.
Holiday Inn Riyadh The Business District is expected to open in January 2022 close to King Khalid International airport and the Riyadh Front – the city’s new leisure area developed as part of the kingdom’s Vision 2030 project.
The 138-room hotel will feature two dining outlets, six meeting rooms totalling 1,216 sqm, an outdoor pool, a gym and a business centre. The property will be part of the mixed-use development The Business District, which comprises 20 offices, a coffee shop, mosque and nursery.
Commenting on the signing, Matthew Tripolone, VP, Development, Middle East and Africa at IHG, said:
“Saudi Arabia remains a priority market for us in the region, and we are delighted to add another hotel to our growing portfolio in the country, in partnership with Lina Snacks Foods Company. Despite the current challenges faced by the industry, we believe that Vision 2030 will continue to progress and hospitality industry will be an extremely important sector in KSA. This will be fuelled by increasing demand from both business and leisure travellers coming to Saudi Arabia, in the mid-long-term. Key cities such as Riyadh will be at the centre of this demand and we are pleased to further strengthen our presence in the city.”
Eid AL Subaie, CEO of Lina Snacks Foods Company, added:
“We are proud to be partnering with an experienced, global hospitality company such as IHG, and look forward to leveraging their experience and understanding of the market to offer world-class amenities and excellent service to our guests visiting the city of Riyadh. Key partnerships such as this will be significant to the hospitality offering in the country, and also in creating sustainable employment opportunities in the Kingdom. Holiday Inn is a brand known and preferred by travellers, and we are confident that Holiday Inn Riyadh The Business District will be a great success.”
IHG currently operates 95 hotels across seven brands in the Middle East region, with a further 42 in the pipeline set to open in the next three to five years.