Intercontinental hotels group (IHG) announces signing of Crowne Plaza Riyadh
Jul 21, 08 |InterContinental Hotels Group (IHG) has announced the signing of the Crowne Plaza Riyadh, in partnership with Mohammed A. Al-Swailem for Commercial Investment Co. Ltd. This will be IHG's second Crowne Plaza in the Kingdom of Saudi Arabia and is scheduled to open in late 2010.
Primarily servicing business travellers, the hotel will feature over 300 well-appointed rooms and suites will be located in the northern part of Riyadh. Crowne Plaza Riyadh will sit directly between the airport and the city centre, allowing guests to enjoy quick access to Riyadh´s central business district while minimising travel time for busy corporate travellers.
John Bamsey, Chief Operating Officer, IHG, Middle East and Africa, commented: "We are delighted to be developing the Crowne Plaza Riyadh, our first property with Mohammed A. Al-Swailem for Commercial Investment Co. Ltd., who already own a large portfolio of successful companies throughout Saudi Arabia.
"We are experiencing dramatic growth throughout the Kingdom, particularly in relation to our business accommodation segment, which is thriving. Business travel to Saudi Arabia is increasing year on year and this trend looks set to continue, as the Kingdom pushes forward with extensive business developments. Crowne Plaza Riyadh will cater to this growing demographic by providing quality accommodation, suited to the varying needs of our discerning business travellers."
Crowne Plaza Riyadh will offer seven separate meeting rooms, spanning a total area of 800sqm, making it the ideal choice to host important business meetings. For larger scale events the hotel will also boast a 450sqm Banqueting Hall; with the capacity for over 700 guests.
Abdulaziz Mohamed Al-Swailem, General Manager for The Commercial Investment, Mohammed A. Al-Swailem for Commercial Investment Co. Ltd. commented: "This is an exciting agreement between two highly respected companies. We are proud and honoured to be developing this upscale Crowne Plaza in the burgeoning city of Riyadh. Mohammed A. Al-Swailem for Commercial Investment Co. Ltd is involved in a number of businesses operations within the Kingdom and we look forward to expanding our business portfolio with this new opportunity."
IHG currently operates 79 hotels and 19,476 rooms across the Middle East and Africa with a further 41 properties and 10,819 rooms in the development pipeline.