Hilton Worldwide Signs Fourth Hilton Hotels & Resorts Property in Riyadh
210-key Hilton Riyadh King Fahd Road to open in 2014
DUBAI, United Arab Emirates and MCLEAN, Va. - Hilton Worldwide announces the signing of a Management Agreement with Obeikan Real Estate Development Company for the fourth Hilton Hotels & Resorts property in Riyadh, Saudi Arabia. The 210-key Hilton Riyadh King Fahd Road is scheduled to open in 2014, following the Hilton Riyadh King Saud University, Hilton Riyadh King Saud University Residence and the Hilton Riyadh Hotel & Residence, all scheduled to open by 2013.
Located on King Fahd Road, the new-build hotel will be next door to the iconic Kingdom Tower and at the hub of all commercial and administrative activity in the Kingdom. It will also be in close proximity to the Diplomatic Quarter as well as the King Khaled International Airport.
Dave Horton, global head, Hilton Hotels & Resorts said: "We hope our presence will help the capital meet the growing demand for premium hotels with global expertise and local sensibilities. This latest signing in Riyadh will complement our existing pipeline in the city and we eagerly anticipate opening up our first Hilton Hotels & Resorts property in such an important city."
Construction on the hotel has already commenced and once completed, the hotel will feature 210 rooms, a specialty restaurant, all-day dining outlet as well as a pool and lobby lounges. Other facilities include a business centre, health club and spa and executive lounge. Catering to Riyadh's considerable events and meetings market, seven meeting rooms, two boardrooms and one ballroom are also planned.
"While our existing pipeline covers East and West Riyadh, this partnership with the Obeikan Real Estate Investment Company will give us a presence in the prestigious downtown district of the capital. The location is a perfect match for the brand and will help us cater to Riyadh's diverse audience spanning the high-end leisure and business segments," said Rudi Jagersbacher, area president, Hilton Worldwide, Middle East & Africa.
Traditionally a corporate destination, tourism to Riyadh has been primarily driven by administrative activities and commercial developments in and around the city. The government's drive to develop the non-oil sector has resulted in some of the largest developments in the region including the Information Technology & Communication Complex and King Abdullah Financial District.
"King Fahd Road is the commercial hub of Riyadh and we are delighted to collaborate with Hilton Worldwide to introduce the Hilton Hotels & Resorts brand into this area. The new hotel will be a great fit for this area of town and we hope it will be representative of the quality of Riyadh's hospitality industry, as the city welcomes increasing numbers of visitors year on year," stated Fahad bin Abdul Rahman Thanayan Al Obeikan.
Hilton Worldwide currently has six hotels operating and 14 hotels in the development pipeline in Saudi Arabia.
Hilton Worldwide, Middle East & Africa
+971 (0)4 365 4886
John Forrest Ales
Hilton Hotels & Resorts
+ 1 703 883 5212
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 17 world-class brands comprising more than 5,600 properties with nearly 913,000 rooms, in 113 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton earned a spot on the 2018 world’s best workplaces list, and has welcomed more than 3 billion guests in its nearly 100 year history. Through the award-winning guest loyalty program, Hilton Honors, nearly 85 million members who book directly with Hilton have access to instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.
About Hilton Hotels & Resorts
For nearly 100 years, Hilton Hotels & Resorts has set the benchmark for hospitality around the world, providing new product innovations and services to meet guests' evolving needs. With more than 585 hotels across six continents, Hilton Hotels & Resorts properties are located in the world’s most sought-after destinations for guests who know that where they stay matters. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Begin your journey at www.hilton.com and learn more by visiting newsroom.hilton.com/hhr or following Hilton Hotels & Resorts on Facebook, Twitter and Instagram.Download Article Photos