Refad Real Estate Investment and Development signs agreement with IHG to launch Hotel Indigo & Residences in Al-Khobar

Riyadh: Refad Real Estate Investment and Development is proud to announce its latest hospitality venture, the launch of Hotel Indigo & Residences Al Khobar, in collaboration with IHG Hotels & Resorts and with the support of Saudi Arabia’s Tourism Development Fund. Set to open in the last quarter of 2027, the project marks the arrival of the Hotel Indigo brand to Al Khobar for the first time, bringing a new level of culturally inspired hospitality to the Eastern Province.

Located on the city’s vibrant corniche, Hotel Indigo & Residences Al Khobar will feature 200 Keys and will serve both leisure and long-stay business travelers seeking immersive, design-driven accommodations that reflect the identity of the surrounding neighborhood.

The agreement strengthens Refad’s strategic direction in hospitality development, delivering high-value, globally operated assets that align with Saudi Arabia’s Vision 2030 goals of diversifying tourism and elevating the quality of the Kingdom’s hotel offerings.

IHG Hotels & Resorts, through its regional expansion strategy, identified Al Khobar as a key destination for growth and experiential travel. The property joins IHG’s growing Hotel Indigo portfolio in the Kingdom and reinforces the brand’s positioning as a cultural and community-focused hospitality offering.

Through this project, Refad reaffirms its role as a dynamic player in the Kingdom’s evolving real estate landscape, with a focus on delivering integrated, high-quality developments that support national goals and respond to emerging market needs.

Source: Arab News