IHG Hotels & Resorts has signed a management agreement with the King Abdullah Financial District Management and Development Company (KAFD DMC) that will see it add 650 keys to its portfolio in the world’s largest mixed-use business district.
In an expansion of the IHG-KAFD partnership, the 250-key Regent Riyadh KAFD and 400-key InterContinental Riyadh KAFD will complement the region’s first Kimpton at KAFD, which is set to debut by the end of 2024 as part of the agreement established last year, bringing its total to three properties in KAFD.
Set in the heart of the Saudi capital, Riyadh, KAFD is the first vertical city in the Kingdom that is home to a unique five-asset class mixed-use district of office spaces, luxury residences and hotels, retail outlets, and entertainment and cultural venues, across a land area of 1.6 square kilometres, designed to transform the way urban communities live, work, learn, and play. It is the largest LEED-certified mixed-use business district in the world.
Haitham Mattar, Managing Director – India, Middle East and Africa at IHG Hotels and Resorts, commented: “Riyadh is undergoing a massive transformation, and locations like KAFD increase the number of investments into the city and the wider Kingdom. At IHG, we remain committed to the Kingdom’s visionary ambitions through our expanding portfolio of hotels. We are ever confident in our partnership with KAFD to cater to the growing demand for luxury guest experiences in the region with Regent Riyadh and InterContinental Riyadh KAFD; embodying the principles of our ‘Journey to Tomorrow’ initiative and ensuring we set a benchmark for world-class luxury and ultra-luxury stays that prioritize responsible practices and contribute to a sustainable future for the capital.”
Both Regent Riyadh KAFD and InterContinental Riyadh KAFD are expected to open in January 2027.