Hilton signs major deal in Saudi Arabia
Hilton Worldwide has signed a Management Agreement with Saudi Arabia’s King Saud University Endowment for the 241-room Hilton Riyadh King Saud University and the 155-room Hilton Riyadh King Saud University Residence - both expected to open by 2012.”Saudi Arabia is our number one development market in the Middle East. Riyadh is drawing both domestic and international visitors from strong business and corporate markets, and we are delighted to meet this demand with two additional Hilton branded properties with the same owner. The cross-selling opportunities with our six existing hotels in Makkah, Madinah, Jeddah and Riyadh are tremendous,” said Andrew Clough, Senior Vice President, Development, Hilton Worldwide, Middle East and Asia-Pacific. King Saud University is Saudi Arabia’s oldest, largest and most prestigious higher education centre with a student population of 70,000 attending various colleges and research centres. The two new properties are located in close proximity to Downtown Riyadh, the Diplomatic Quarter and the King Abdullah Financial District, as well as an upmarket residential district for government ministers and royalty. King Khaled International Airport which handles 11 million passengers per year is a 28 kilometre drive.With preliminary groundwork already underway, the new-build properties will feature facilities and amenities catering to both business and leisure travellers. Hilton Riyadh King Saud University and Hilton Riyadh King Saud University Residence will feature all-day dining facilities, health clubs, swimming pools and business centres. The hotel will also offer a spa, retail space, four meeting rooms, an executive lounge and additional F&B options including a speciality restaurant, lobby lounge and a pool bar. Hilton Worldwide’s existing portfolio in Riyadh includes the Hilton Garden Inn Riyadh Olaya, the upcoming Hilton Garden Inn Riyadh Al Muroj (Q3, 2011) and the Hilton Riyadh Hotel & Residence (Q4, 2013).