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Hilton Worldwide Signs Fourth Hilton Hotels & Resorts Property in Riyadh
210-key Hilton Riyadh King Fahd Road to open in 2014
January 11, 2012
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
About Hilton Hotels & Resorts
For nearly a century, Hilton Hotels & Resorts has been proudly welcoming the world's travelers. With 570 hotels across six continents, Hilton Hotels & Resorts provides the foundation for memorable travel experiences and values every guest who walks through its doors. As the flagship brand of Hilton, Hilton Hotels & Resorts continues to set the standard for hospitality, providing new product innovations and services to meet guests' evolving needs. Hilton Hotels & Resorts is a part of the award-winning Hilton Honors program. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount that can’t be found anywhere else, free standard Wi-Fi and digital amenities like digital check-in with room selection and Digital Key (select locations), available exclusively through the industry-leading Hilton Honors app. Begin your journey at www.hilton.com and learn more about the brand by visiting news.hilton.com or following us on Facebook, Twitter and Instagram.
Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 4,900 properties with over 800,000 rooms in 104 countries and territories. Hilton is dedicated to fulfilling its mission to be the world’s most hospitable company by delivering exceptional experiences – every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can’t be found anywhere else and free standard Wi-Fi. Visit newsroom.hilton.com for more information and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.