Hyatt Hotels Corporation (NYSE: H) announced today at the annual Arabian Travel Market exhibition in Dubai that its development plans for major properties in Saudi Arabia are progressing as anticipated and that they will be marketed strongly over the coming months to Gulf residents, frequent premium class travellers to the market.
In February of this year, Hyatt announced that it had opened a worldwide sales office in Saudi Arabia and had entered into agreements with Naseel Holding Company to manage three new Hyatt-branded hotels in the Kingdom of Saudi Arabia, bringing to six the number of Hyatt-branded hotels under development in Saudi Arabia across five of Hyatt’s brands. Currently, there is one Hyatt-branded hotel in Saudi Arabia, Park Hyatt Jeddah – Marina, Club and Spa, which opened in 2009.
“Hyatt’s progress in the Kingdom of Saudi Arabia has been absolutely remarkable, and we are truly excited about what we will now be able to offer guests visiting the Kingdom. Our newly-opened worldwide sales office Saudi Arabia, with its focus on localized and personalized service, will superbly support visits at all of our Saudi properties, as well as those outside the country,” said Dubai-based Thierry Bertin, Vice President of World Wide Sales for Hyatt International - South West Asia, on the sidelines of the Arabian Travel Market.
Saudi Arabia Update
Park Hyatt Riyadh, currently slated to open in the fourth quarter of 2015, will be a stand-alone building located on King Fahd Road in the Olaya District in the city of Riyadh, situated near the Kingdom Center and the Al Faisaliya Tower. The 275-room hotel, designed by Skidmore, Owings & Merrill LLP (SOM), will have 50 suites, as well as three restaurants, a lounge, 1,450 square meters of meeting and event space, including a 1,000 square meter ballroom, and a spa and fitness center.
Grand Hyatt Jeddah, designed by Skidmore, Owings & Merrill LLP (SOM), with 400-rooms, including 48 suites, will be located in the center of the city of Jeddah, on the corner of Corniche Road and Al Amir Naif Street with views of the Red Sea. The hotel, which is expected to open in early 2016, will feature three restaurants, a lobby lounge, and a Grand Club Lounge. In addition, the hotel will have 5,700 square meters of meeting and event space, including grand and junior ballrooms. The hotel will also have a spa and fitness center.
Hyatt Regency Jeddah, with 240-rooms, including 30 suites, will be located on Tahliyah Street in the center of Jeddah, near Tahliyah Square and close to Malek Road and North Corniche Road. The hotel, which is expected to open in the second half of 2015, will feature three restaurants, a lobby lounge, and a Regency Club lounge. In addition, the hotel will have 1,700 square meters of meeting and event space, including a ballroom and boardroom, as well as a spa and fitness center.