IHG Hotels & Resorts has signed a dual management agreement with Mosa bin Abdul Aziz Al-Mosa and Sons Real Estate Holding Co., marking new growth in Saudi Arabia. The announcement includes plans for Crowne Plaza Al Khobar Al Bandariyah with 232 keys and Holiday Inn Riyadh Rose Yard with 106 keys.
Crowne Plaza Al Khobar Al Bandariyah is expected to open in early 2027. The hotel will sit near the Corniche with access to Dammam and King Fahd International Airport. Plans include meeting spaces and social areas designed for work or downtime.
Holiday Inn Riyadh Rose Yard, located in the Al-Suwaidi district, is scheduled to open in late 2026. The hotel will offer access to destinations such as the Diplomatic Quarter and Diriyah Gate. It will introduce the brand’s Open Lobby concept, combining dining, work and relaxation areas in a single space.
“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,” said Haitham Mattar, managing director, India, Middle East and Africa, IHG Hotels & Resorts.
The projects add to IHG’s presence in two key markets. Riyadh continues to draw investment across several sectors, while Al Khobar benefits from its coastal position near major demand drivers.
“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,” said Abdulaziz bin Mosa Al-mosa, vice chairman of the board, Mosa bin Abdulaziz Al-Mosa and Sons Group Real Estate Holding.
IHG currently operates 46 hotels in Saudi Arabia with 60 more in the pipeline.