IHG Hotels & Resorts, one of the world’s leading hotel companies, has signed a dual management agreement with Mosa bin Abdul Aziz Al-Mosa and Sons Real Estate Holding Co. This partnership will lead to the launch of Crowne Plaza Al Khobar Al Bandariyah (232 keys) and Holiday Inn Riyadh Rose Yard (106 keys). The signing reinforces IHG’s long-term commitment to the Kingdom of Saudi Arabia’s expanding hospitality sector, aligning directly with Saudi Arabia’s Vision 2030.

The dual signing strengthens IHG’s presence across two of Saudi Arabia’s most dynamic markets. Riyadh, the nation’s capital, is continually attracting significant investment and talent across key sectors such as finance, real estate, and tourism. Al Khobar, part of the Greater Dammam metropolitan area, benefits from a strategic coastal position and proximity to major corporate demand drivers.

Crowne Plaza Al Khobar Al Bandariyah, which is slated to open in Q1 2027, will be positioned close to the Corniche. It will offer strong connectivity to Dammam and King Fahd International Airport. The property is designed for modern business and leisure guests, featuring flexible meeting spaces and integrated social areas for guests to connect, work, or unwind.

Holiday Inn Riyadh Rose Yard is set to open in late 2026 in the capital’s Al-Suwaidi district. The hotel will offer guests convenient access to key destinations including the Diplomatic Quarter and Diriyah Gate. It will embody the brand’s next-generation standards, including the transformative Open Lobby concept. This concept redesigns the traditional hotel lobby into a versatile hub where guests can seamlessly work, dine, or relax.

Haitham Mattar, Managing Director, India, Middle East and Africa, IHG Hotels & Resorts, said: “As Saudi Arabia accelerates its Vision 2030 ambitions, we are delighted to expand our footprint with the signings of Crowne Plaza Al Khobar Al Bandariyah and Holiday Inn Riyadh Rose Yard. This partnership with Mosa bin Abdul Aziz Al-Mosa and Sons Real Estate Holding reinforces our commitment to the Kingdom’s growing tourism sector. We look `forward to leveraging our global systems and ‘True Hospitality for Good’ ethos to deliver world-class hospitality that elevates the guest experience and further supports the nation’s economic diversification goals.”

Abdulaziz bin Mosa Al-mosa, Vice Chairman of the Board, Mosa bin Abdulaziz Al-Mosa and Sons Group Real Estate Holding, commented: “Our partnership with IHG represents a strategic step in expanding our portfolio of high-value hospitality assets across fast-growing markets such as Riyadh and the Eastern Province. We invest in carefully selected projects that enhance asset value and deliver hotel operations built on world-class standards. Choosing IHG reflects our confidence in their global expertise and their ability to generate sustainable operational returns while elevating the appeal of the destinations we develop. The launch of these two new hotels aligns with our ambition to grow our real estate and hospitality investments and contributes to the goals of Saudi Vision 2030 by diversifying our offerings and developing assets designed to create long-term value, leading us toward our target of building a portfolio of more than 1,000 hotel rooms by 2030.”

Guests at both new hotels will be able to benefit from IHG’s loyalty programme, IHG One Rewards. This programme offers enriched benefits and seamless experiences via the IHG mobile app. IHG currently operates 46 hotels across six brands in Saudi Arabia and has an additional 60 hotels in the development pipeline scheduled to open within the next three to five years.