RIKAZ properties partners with IHG to develop Holiday Inn Al Khobar

IHG (InterContinental Hotels Group) has signed a Management Agreement with real estate company RIKAZ Properties to develop its fourth Holiday Inn hotel in Al Khobar. Expected to open in January 2021, Holiday Inn Al Khobar King Fahd Road will be located in close proximity to the King Fahd Causeway, making it the ideal choice for leisure guests during holiday seasons as well as corporate guests looking for ease of connectivity to and from Bahrain. The 140-key property will feature an outdoor pool, a lobby lounge, food & beverage outlets and a state-of-the-art gymnasium.

Pascal Gauvin, Managing Director, India, Middle East & Africa, IHG, said, “With a number of recent signings in Saudi Arabia, across our brands such as Holiday Inn, voco and Crowne Plaza, we are growing our presence in key cities and gearing up to cater to the needs of diverse guest profiles expected to visit the country in the coming years.”

Khalid Al Gahtani, Chairman, RIKAZ Properties, added, “The Holiday Inn brand has an international appeal and we are confident that this latest hotel will perform successfully and cater to the increasing demand for midscale accommodation in the country.”