(MENAFN) InterContinental Hotels Group (IHG) inked an agreement with Rayadah Investment Company to open two new hotels in Riyadh's King Abdullah Financial District (KAFD), including the Middle East's first Hotel Indigo property, Arabian Business reported.
IHG said that its Hotel Indigo Riyadh KAFD and InterContinental Riyadh KAFD will be situated in the heart of Saudi Arabia's new economic and financial hub.
Each hotel is inspired by its local neighborhood and aims to represent its culture, character and history, IHG added.
IHG plans to strengthen its foothold in the kingdom in the next three to five years by over 50 percent, adding nine hotels to its portfolio.
Hotel Indigo KAFD will comprise 225 rooms, an all-day dining restaurant, a specialty restaurant and a lobby lounge cafe.
The property will also include a business centre, three meeting rooms, fitness facility, swimming pool, secret garden and a double-height royal suite with a panoramic balcony.
InterContinental Riyadh KAFD will be the second InterContinental hotel in Riyadh, comprising 218 rooms, including 57 suites.
The hotel will include seven food and beverage outlets, four meeting rooms, two board rooms, a dedicated press room, a large ballroom, and an extensive fitness centre with lap pool.
IHG and Rayadah Investment Company are also due to open the Crowne Plaza Riyadh ITCC, which was signed in 2009 and due to open in 2013.