Hilton and Shomoul Holding Company announced today the signing of a landmark agreement to develop and operate four hotels in The Avenues - Riyadh, the largest mixed-use development project in the Kingdom of Saudi Arabia. The development will include one of the world's largest malls, with a leasable area of approximately 400,000sqm housing more than 1,300 stores.
Radisson Hotel Group is proud to announce the signing of six new hotels in Egypt as part of a portfolio deal across a number of its brands. The agreement was signed with existing business partner Zaghloul Holdings, a Cairo-based business conglomerate operating in real estate, contracting, tourism, commercial retail, entertainment and sports investment industries. The six hotels: Radisson Collection Hotel Cairo Heliopolis, Radisson Blu Serviced Apartments Cairo Heliopolis, Radisson Blu Hotel Cairo Golf City, Radisson Hotel New Cairo, Radisson Hotel & Resort Ain Sokhna and Radisson Blu Hotel & Resort Makadi Bay, Hurghada will mean Radisson Hotel Group becomes one of the largest international operators in the country and will also cement Radisson Blu's position as the leading brand in the city in the coming years.
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, is proud to announce the signing of two new hotels in Saudi Arabia: the Radisson Hotel, Makkah Al Rahma and the Park Inn by Radisson Hotel, Makkah Al Rahma. The new agreement extends an existing partnership with renowned Saudi real estate developer and investor Sulaiman Abdulaziz Al-Rajhi and his real estate development company, Al-Rajhi Investments.The agreement increases Radisson Hotel Group's portfolio in Saudi Arabia to 43 hotels and more than 10,000 rooms in operation and under development. Both the Radisson Hotel, Makkah Al Rahma and the Park Inn by Radisson, Makkah Al Rahma are scheduled to open in Q2, 2021.
Qetaifan Projects Company, and a subsidiary of Katara Hospitality which was established to develop and manage Qetaifan Island North, signed a Memorandum of Understanding (MoU) with the Rixos Hotels to manage and operate the hotels, the souq, the water park and the beach club in Qetaifan Island North.
The Arabian Hotel Investment Conference (AHIC) 2019 has released the second annual AHIC Hotel Investment Forecast, which reveals that close to US$30 billion worth of hotel construction contracts will be awarded in the Middle East and North Africa between now and 2023.
Radisson Blu, the upper upscale hotel brand that delivers a positive and personalized service in stylish spaces, is proud to announce the opening of two hotels in Abu Dhabi, United Arab Emirates (UAE). Both landmark hotels hold prominent locations, with the Radisson Blu Hotel & Resort, Abu Dhabi Corniche located on the vibrant and iconic sea walk of Abu Dhabi, while the Radisson Blu Hotel & Resort, Al Ain is situated in one of the UAE's cultural gems, known as the Garden City for its natural springs, plantations and lush palm groves.
Sofar Grand Hotel in the Lebanese village of Sofar is some 30 kilometres (20 miles) east of the capital, Beirut. Inside the abandoned century-old hotel, paintings of the Arab world's once powerful and famous hang around a worn poker table, testimony to its glamourous past before the civil war.
AHIC, the annual knowledge and networking platform for the hotel investment community, will return to Ras Al Khaimah for AHIC 2019, which will take place from 9-11 April 2019 at an all new purpose-built AHIC Village in the grounds of the Waldorf Astoria Ras Al Khaimah, in partnership with Ras Al Khaimah Tourism Development Authority (RAKTDA).
In the recent Middle East hotel construction pipeline report by analysts at Lodging Econometrics (LE), the region continues to show rapid pipeline expansion in the second quarter of 2018 with the highest counts since 2007 when LE first began recording. The total pipeline stands at 603 projects/175,288 rooms, an all-time high. These numbers show a lofty 119% increase in projects and 125% increase in rooms since the region's low in the fourth quarter of 2013 when the total pipeline bottomed at 275 projects/77,772 rooms. Projects presently under construction are at 355 projects/113,635 rooms and are at an all-time high. Projects scheduled to start construction in the next 12 months are at 127 projects/33,158 rooms, and projects in early planning are at 121 projects/28,495 rooms, both at their highest levels since 2007.In the first half of 2018, the Middle East had 43 new hotels open while another 51 hotels are forecasted to open in the second half, bringing the total number of expected new hotel openings to 94 by year end. Analysts at LE forecast explosive growth for new hotel openings in the coming years with 119 expected to open in 2019 and a whopping 156 in 2020. Countries with the largest number of projects in the construction pipeline are the United Arab Emirates with 217 projects/61,375 rooms and Saudi Arabia, with 208 projects/74,962 rooms. Following distantly are Qatar with 58 projects/13,733 rooms and Egypt with 42 projects/9,923 rooms. The most swiftly growing emirate construction pipeline is in Dubai with 163 projects/47,783 rooms. The other notable emirate is Abu Dhabi with 21 projects/5,647 rooms. Regions and cities having the largest hotel construction pipelines are located within Saudi Arabia, where the Provincial Region has 59 projects/11,467 rooms, and Riyadh has 57 projects/10,735 rooms. Jeddah is recording their highest counts since 2007 with 56 projects/11,027 rooms while Makkah has 36 projects/41,733 rooms, also a record high.Companies with the largest construction pipelines in the Middle East are Marriott International with 96 projects/22,066 rooms, Hilton Worldwide with 91 projects/25,341 rooms, and AccorHotels with 81 projects/23,512 rooms. Marriott International is showing an all-time high project count while Hilton Worldwide is on their third quarter in a row of overall record highs for both projects and guest room counts. The leading pipeline brands for these companies are Marriott's Courtyard with 21 projects/4,476 rooms, and Residence Inn with 16 projects/1,877 rooms; Hilton's full-service Hilton Hotel & Resort with 26 projects/9,736 rooms, and DoubleTree by Hilton with 26 projects/6,113 rooms; and AccorHotels' Novotel with 14 projects/5,165 rooms, and Adagio City Aparthotel with 14 projects/2,711 rooms. All of these leading pipeline brands, with the exception of Hilton's full-service Hotel and Resort, are at their record highs.
Three hotels in Dubai's Al Habtoor City are to be rebranded by Hilton which was confirmed today at a press event in Dubai. Mohammed Al Habtoor, Vice Chairman & CEO of the Al Habtoor Group and Ian R. Carter, President, Development, Architecture, Design & Construction, Hilton announced a new franchise agreement effective 1 August 2018. The properties will become known as Habtoor Palace Hotel, LXR Hotels & Resorts, V Hotel, Curio Collection by Hilton and Hilton Dubai Al Habtoor City.
With a year-to-date average occupancy of 81%, First Central Hotel Suites has enjoyed a robust first half of 2018. The hotel achieved 3% higher occupancy compared to the average percentage of its competitive set.
Emaar Hospitality Group, a unit of Dubai's biggest developer Emaar Properties, will sell part of its portfolio to focus on hotel management and is still eyeing listing of its own shares, the parent company's chairman said on Tuesday.
In Dubai, the new is easily coveted; from skyscrapers to sports cars. So it may come as a surprise that the latest luxury hotel will also be its oldest.In April the Queen Elizabeth II (QE2), the world's most famous ocean liner from the 1960s, opened its gangways to guests once more. But its cruising days are over -- this time around the QE2 is staying put in its new home, the city port of Mina Rashid.
Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, announced it has marked a historic milestone of 50 hotel projects in its portfolio, including 35 upcoming projects in the UAE and international markets, as well as 15 hotels and serviced residences operational in Dubai. Olivier Harnisch, CEO of Emaar Hospitality Group, said that several new management agreements are being finalised to be potentially revealed during the Arabian Travel Market 2018.
Al Hokair Group has signed a Master Development Agreement (MDA) with InterContinental Hotels Group (IHG) which will see the debut of Holiday Inn Express brand in Saudi Arabia with a rollout of 10 Holiday Inn Express hotels over the next 15 years. This significant development complements IHG's robust pipeline in the Kingdom and cements its position as one of the leading operators in the country, as well as consolidates its partnership with the Al Hokair Group.
AccorHotels has recently announced the timeline and location for its first hip and future-forward brand SO/location in the Middle East. This hotel will be located in the region's hottest market: Dubai.
Kerzner International Holdings Limited ("Kerzner"), the owner of the iconic Atlantis Resort & Residences and ultra-luxury One&Only Resorts brands worldwide, achieves a new milestone in its continued evolution of the One&Only portfolio, as it introduces One&Only Urban Resorts. To provide the experiences One&Only guests have craved, One&Only Urban Resorts will be introduced in Dubai's latest architectural icon, One Za'abeel, a completely original destination with revolutionary design; the perfect site for the introduction and launch of One&Only Urban Resorts, One&Only One Za'abeel.
W Hotels Worldwide, part of Marriott International, unveiled W Amman, the brand's first property in Jordan. Developed by Eagle Hills Jordan, the 280-room hotel is located in the heart of Amman's up and coming new downtown neighborhood, Abdali, and features design inspired by the energy of the Middle East and charm of Jordanian history, culture and tradition with a playfully modern twist.
An exclusive report by TOPHOTELPROJECTS for The Hotel Show Saudi Arabia 2018 has identified Swiss-Belhotel International among the top ten most active brands in the Kingdom. The group currently has five projects featuring over 1200 rooms under development in KSA.
Within the hospitality industry, Qatar has long been a country known as a relatively busy transit spot. Its Hamad International Airport connects to 100 different destinations, making Qatar a popular destination for layovers as visitors wait to head to other countries.