The prestigious hotel chain Intercontinental Hotels Group has announced it plans to open a new hotel in Jerusalem. The hotel will be built on King George St., near downtown Jerusalem, and is expected to open in 2020. It will cost approximately $130 million to build and will include 229 rooms spread among 17 floors. Included in the hotel will be an event hall, a bar, two restaurants, a fitness center and a spa.

With this announcement, IHG will now have two hotels in Jerusalem as well as a second Intercontinental after the David Intercontinental in Tel Aviv.