With the signing of a management agreement for a prestigious luxury hotel in Riyadh, the capital of Saudi Arabia, another milestone in the expansion of the international hotel group has been set.
IHG Hotels & Resorts has announced the signing of a management agreement with Al Aqeeq Real Estate Development Company for Crowne Plaza Taiba Riyadh.
The property forms part of a master development agreement with Riva Development Company, via its wholly owned subsidiary Riva Hospitality for Hotel Services Company.
The multi-project agreement includes the country and territory’s first Renaissance Hotel, the world’s largest Aloft Hotel and a Courtyard by Marriott in the Holy City of Makkah.
Marriott has signed an agreement with Ingenious Holding to debut the Moxy Hotels brand in the Middle East. Slated to open in 2025, Moxy Downtown Dubai will offer 320 rooms.