Latest Signing Introduces Two New Hotels To KSA's Fast Growing Capital City
Dubai, UAE and McLean, Va – 8 May 2013 - Hilton Worldwide today signed an agreement with Mawten Hospitality LLC to introduce the company's first dual branded property to Riyadh, Saudi Arabia's rapidly growing capital city.
The single-site development for Hilton Garden Inn Riyadh Financial District, KSA and DoubleTree Suites by Hilton Riyadh - Financial District, KSA will be located in the dynamic, upcoming area North of Riyadh, close to King Abdullah Financial District (‘KAFD”).
Currently under construction, KAFD will be home to many leading international banks, financial institutions and legal firms as well as the site of the headquarters of the Capital Market Authority and Tadawul, the KSA stock exchange. The District will include around 40 multi-use designer towers which is set to redefine the skyline and landscape of the Saudi capital city.
Rudi Jagersbacher, president, Hilton Worldwide Middle East & Africa said: “Today's announcement for our first dual branded property in the Middle East signifies Hilton Worldwide's intent to become the pre-eminent hospitality provider in Saudi Arabia. We are bringing together two of the leading global, hospitality brands to a location which is destined to become a sophisticated, bustling metropolis within the next two years.”
The 260-room Hilton Garden Inn development and the 110 serviced apartments of DoubleTree Suites by Hilton will share a host of business facilities including a large, multi-purpose function room, eight meeting rooms and four boardrooms. Individually, the Hilton Garden Inn Riyadh Financial District property will feature a business centre, swimming pool and health club as well as a restaurant and lobby lounge. The 110 serviced apartments of DoubleTree Suites by Hilton Riyadh - Financial District will include a full range of options from studios to one and two bedroom apartments. The property will also feature a business centre, health club, swimming pool, lobby lounge and two restaurants, one of which is speciality. The dual development is expected to open Winter 2015.
Dr Raeyd Al-dakheel, CEO of Mawten Hospitality LLC, owner and developer of the dual hotel project, said 'This project furthers our commitment to the City of Riyadh to deliver much needed high quality hotel rooms and suites. With Mawten's Real-estate Development Company diverse experience in developing and managing property, our top notch consultants, and the longstanding reputation of Hilton in hospitality; we are looking forward to bring to life a distinctive landmark dual hotel project in the heart of the new sector of Riyadh. This project along with others shows our strong confidence in the Saudi hospitality market.”
Adrian Kurre, global head, Hilton Garden Inn said, “Hilton Garden Inn is gaining real momentum in growing business hubs such as Riyadh. Since opening our first property in the capital three years ago, the brand has become one of the top choices for travellers to the capital seeking quality, mid-market accommodation. This latest signing in such a prominent development will help us to further establish our uncompromising value for money credentials.”
John Greenleaf, global head, DoubleTree by Hilton said: “Today's announcement marks the fourth DoubleTree by Hilton property planned for Saudi Arabia and its second in the capital Riyadh. The DoubleTree Suites option is proving popular with those discriminating guests seeking quality apartment-style accommodation from a brand with a reputation for delivering superior guest service.”
The development of KAFD in KSA's capital is central to the country's vision to become the financial hub of the Gulf and will play a key role in Saudi Arabia's on-going economic diversification. As well as commercial considerations, KAFD is also set to be an energetic upscale community of restaurants, retail and entertainment outlets as well as residential accommodation. Also planned within KAFD is a large financial academy capable of housing 5000 students.
With today's announcement, Hilton Worldwide's Saudi Arabia development programme of 20 hotels and over 7000 additional rooms is the largest of any international hospitality provider. Hilton Worldwide's KSA pipeline also makes up almost one third of the company's total development programme for Middle East & Africa, currently the largest in the region at 59 properties.