The latest signing supports IHG’s growth ambition in KSA
Denham, United Kingdom, 2021-Jan-12 — /Travel PR News/ — IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a Management Agreement with Lina Snacks Foods Company, to open Holiday Inn Riyadh The Business District. Building on IHG’s recent signings in KSA, including voco Jeddah North, this latest development supports IHG’s growth ambition in Saudi Arabia and builds on the strong signing momentum in the region.
Expected to open in January 2022, the 138-room property will be strategically located close to King Khalid International Airport and the Riyadh Front, the new leisure destination of Riyadh developed in line with Vision 2030, making it an ideal choice for both corporate and leisure guests. Holiday Inn Riyadh The Business District will feature two F&B outlets, six meeting rooms (1,216 sqm ) with largest room capacity of 310 guests, an outdoor pool, a gym and a business center. The Hotel is also a part of a mixed-use development, The Business District, comprising 20 offices, a coffee shop, mosque and a nursery.
Commenting on the signing, Commenting on the signing, Matthew Tripolone, VP, Development, Middle East and Africa, 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 fueled 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 plased to further strenghten our presence in the city.”
Eid AL Subaie, CEO, 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 7 brands in the Middle East, including: InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express, Staybridge Suites, voco™and Six Senses with a further 42 in the development pipeline due to open within the next three to five years.
**Numbers as of September 30th, 2020
About IHG®
IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN Hotels®, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, voco™, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Holiday Inn Club Vacations®, avid™ hotels, Staybridge Suites®, Atwell Suites™ and Candlewood Suites®.
IHG franchises, leases, manages or owns nearly 6,000 hotels and 890,000 guest rooms in more than 100 countries, with approximately 1,900 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. Approximately 400,000 people work across IHG’s hotels and corporate offices globally.
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For further information please contact:
Ankita Chopra
ankita.chopra@ihg.com
+971 4 213 6043
Parisa Chum
parisa.chum@ihg.com
+971 4213 6067
Source: IHG