IHG Signed agreement with Saudi Arabia’s KAFD for first Kimpton Hotel

IHG Signed agreement with Saudi Arabia’s KAFD for first Kimpton Hotel

IHG Hotels & Resorts, one the of the world’s largest hotel groups, with 6000 hotels across 18 brands, has signed a management agreement with The King Abdullah Financial District Management and Development Company (KAFD DMC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to bring the first Kimpton hotel in the region to Riyadh, Saudi Arabia.

Offering guests a personalized luxury experience, the Kimpton brand has a heartfelt approach to hospitality that has translated to unique, design-led hotels across the globe. The new Kimpton Riyadh will join existing Kimpton properties across countries including the United States, France and Scotland.

With doors set to open in June 2024, the 212-key Kimpton Riyadh will mark the first foray of the luxury brand in the region. The debut comes as part of IHG’s ongoing growth strategy, aligned with the objectives of Crown Prince Mohammed Bin Salman’s Vision 2030 tourism objectives, to cater to a growing number of guests in the Kingdom who seek unique luxury experiences.

In acknowledgement of the new trend towards blended travel, KAFD offers entertainment and retail, alongside its commercial office space and hospitality offerings. The Kimpton Riyadh will be a new-build property in the heart of KAFD, Saudi Arabia’s prime business