Hospitality Management Holdings (HMH) is continuing its growth in Saudi Arabia with the completion of seven hotels, all of which are scheduled to open shortly. The upcoming hotels represent three of the group’s four brands and will increase HMH’s inventory in Saudi by nearly 44%.
Michel Noblet, President & CEO, HMH, said; “The new hotels will give us greater access to the Saudi market that is growing quickly as demand for rooms soars. STR Global’s February 2011 report for KSA (Kingdom of Saudi Arabia) revealed a significant increase in occupancy and RevPAR in the country. Overall, Saudi Arabia saw occupancy rates rise by more than nine percent, ADR rates increase by nearly 10 per cent and RevPAR soar by nearly 20 percent. Our new properties are ideally placed to take advantage of this growth and are an excellent representation of our brands offering world-class business and leisure facilities”.
The hotels to be opened include the 64-room Coral Al Hamra Riyadh, the 153-room Coral Hotel Dhahran, the 64-room Coral Hotel Jeddah, the 102-room Coral Beach Hotel Jubail, the 51-room Coral Hotel Olaya, the 128-room Corp Executive Hotel Dabab, and the 96-room EWA Al Kharj Hotel Apartments Riyadh.