Riyadh Future Hospitality Summit: Top Brands Seal Deals for Expansion in Saudi Arabia
The hospitality industry in Saudi Arabia is booming, with major brands seizing the opportunity to expand their presence in the Kingdom. At the recent Future Hospitality Summit in Riyadh, several top companies inked deals to capitalize on the growing market.
Accor Group to Add 25,000 Rooms and Launch New Brands in Saudi Arabia
Leading the pack is France-based Accor Group, which announced plans to strengthen its foothold in Saudi Arabia by adding over 25,000 rooms and introducing a range of new brands. The global hospitality giant also unveiled Accor One Living, a new initiative focused on mixed-use and branded residential development.
Cheval Collection Partners with Ladun Investment Co. for Hotel Apartment Tower in Riyadh
Ladun Investment Co. and Cheval Collection joined forces to bring Cheval Ladun Living to Riyadh. This hotel apartment tower, located near the prestigious King Abdullah Financial Center, will feature 130 residential units with top-notch amenities like a gym, swimming pool, and sauna. Construction is set to begin this year and is slated for completion by 2027.
JW Marriott to Debut in Jeddah with Al Qimmah Hospitality
Marriott International, Inc. and Al Qimmah Hospitality, a subsidiary of BinDawood Trading, signed an agreement to introduce the JW Marriott brand to Jeddah. Situated on the Jeddah Corniche, the hotel aims to attract luxury travelers seeking a waterfront retreat. The move aligns with Jeddah’s vision to establish itself as a leading leisure and business destination by 2030.
Kerten Hospitality to Manage Baheej’s Hotel in Yanbu under Cloud 7 Brand
Baheej Tourism Development Co., a joint venture between ASFAR and the Tamimi-AWN Alliance, partnered with Kerten Hospitality to oversee the management of their hotel in Yanbu. This premium property under the Cloud 7 brand is known for its innovative designs, health-conscious dining options, and unique retail offerings. The collaboration underscores Baheej’s commitment to empowering its partners and subsidiaries through a vast network.
ASFAR Strikes Deals with Mantis and KMC for Al Baha Mountain Lodge & Adventure Park
ASFAR, the Saudi tourism investment company owned by the Public Investment Fund, also secured agreements with Mantis and KMC to operate Al Baha Mountain Lodge & Adventure Park. This strategic move further solidifies ASFAR’s position in the hospitality sector, showcasing their dedication to delivering exceptional guest experiences in Saudi Arabia.