IHG Hotels & Resorts has signed a management agreement with Al Aqeeq real estate development company, a wholly-owned subsidiary of Taiba Investments for Crowne Plaza Taiba Riyadh. Located on Makkah Al Mukarammah Branch Road, in proximity to the King Faisal Specialist Centre and the Diplomatic Quarter of Riyadh, the new build hotel is scheduled to open in June 2025.
“With the signing of Crowne Plaza Taiba Riyadh, we continue to expand our footprint in the Kingdom. Our premium brand, Crowne Plaza, is a perfect fit for modern business travellers who desire a seamless transition between work and rejuvenation and therefore supports the business and leisure tourism offer put forth in Vision 2030. We are also honoured to have a partner in Taiba Investment, which is known for experience and expertise in the sector. The new build hotel will greatly benefit from increasing demand from the centre and enhance the city’s hospitality offerings,” said Haitham Mattar, Managing Director, India, Middle East & Africa, IHG.
The hotel’s 192 rooms and 110 serviced apartments will provide a holistic experience for transient and extended stays. Alongside the new-generation design, the hotel will also have strong F&B offering including a lobby lounge, all-day dining and a café. The hotel will also feature 200 square meters of meeting space, as well as fitness and recreational facilities.