IHG Hotels & Resorts has entered into a management agreement to open a resort within the Red Sea Development destination in Saudi Arabia.
The hospitality company signed the deal with The Red Sea Development Company (TRSDC), an affiliate of Saudi Arabia’s Public Investment Fund (PIF), to open the location.
The location, named InterContinental Resort Red Sea, will open during Phase One of The Red Sea Project’s development.
It will feature 210 sea-facing rooms as well as pools, a spa, a health club, and meetings and events spaces.
Moreover, the location will offer the guests direct access to the beach.
IHG India, Middle East & Africa managing director Haitham Mattar said: “With a strong legacy in the country, we remain committed to leveraging the growth opportunities that are aligned with Saudi’s Vision 2030 and the priority destinations highlighted within the Saudi Tourism Strategy.
“We are excited to partner with The Red Sea Development Company, one of the world’s most ambitious regenerative projects, to strengthen our offering in Saudi Arabia and collaborate on sustainability related initiatives to protect the natural, historical and cultural environments that make this destination unique.”
Notably, the first phase of Red Sea Development is expected to be completed by the end of 2023.
Currently, IHG operates 37 hotels in Saudi Arabia across five brands, while an additional 23 hotels are in the development pipeline.
Last week, a Hyatt affiliate signed a management agreement TRSDC to bring Grand Hyatt to Red Sea Project.